Market Activity Archives - Page 91 of 96

February 16, 2009

Market Activity for February 9-15, 2009

Last week’s activity was slow, to put it mildly. There were 9 genuine new listings: meaning that they were not previously listed either by another Realtor or at a higher price. There were 4 houses that went pending, and zero closed sales. Probably the most interesting thing I observed is that of the pending sales, 3 out of the 4 sold in 35 days or less. I checked the market history on all of them and these sales really did happen that quickly. So there is a place where market demand meets current economic conditions and properties sell. I also think that buyers who are in the market are watching the inventory and jumping on the good deals. On the flip side is the 4th pending sale. It took 574 days to receive an accepted offer. It was originally listed for $1,199,000 and finally priced dropped, after such a long market time, to $689,000 in order to get it gone.

NEWLY LISTED (February 9, 2009 – February 15, 2009)

Address	List Price	# BR	# BTHS	Total SF	Prop Type	List Date
92 GALEN ST	$119,500	1	1	689	CONDO	2/13/2009
45 EAGLE CREST DR	$119,900	1	1	600	CONDO	2/15/2009
11 CRESTFIELD CT	$149,000	1	1	650	CONDO	2/13/2009
5051 FOOTHILLS DR	$249,999	2	2	991	ATTACHD	2/9/2009
1960 MAPLELEAF RD	$325,000	3	2	1,210	DETACHD	2/9/2009
178 PINE VALLEY RD	$475,000	5	3.1	2,999	DETACHD	2/12/2009
17196 KELOK RD	$750,000	3	2.1	2,500	DETACHD	2/13/2009
2400 DELLWOOD DR	$899,000	4	3	3,180	DETACHD	2/10/2009
17590 KELOK RD	1749000	5	4	5,000	DETACHD	2/9/2009

PENDING SALES (February 9, 2009 – February 15, 2009)

ADDRESS	LIST PRICE	TOT. BEDS	TOT. BATHS	TOT. SQ FT	PROP TYPE	DOM
4 TOUCHSTONE DR			$114,000	2	2	984	CONDO	35
750 1ST ST			$196,500	2	2	1,350	CONDO	34
16978 CANAL CIR			$350,000	3	2	1,962	DETACHD	4
4155 CANAL RD			$689,000	4	2.1	3,736	DETACHD	574

There were no closed sales the week of February 9-15, 2009.

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.

If links to ACTIVE properties do not bring up property information, the listing may no longer be active, but rather expired, cancelled, pending, or sold

February 11, 2009

Observations on Current Inventory

lake-photo A few days ago I spent some time analyzing inventory. I thought I’d share with you some of my observations.

On the day that I did this, February 6, 2009, there were 418 single family, detached, homes for sale in Lake Oswego. Here is the breakdown by price:

$100,000-$199,999 = 3
$200,000-$299,999 = 13
$300,000-$399,999 = 41
$400,000-$499,999 = 48
$500,000-$599,999 = 44
$600,000-$699,999 = 38
$700,000-$799,999 = 28
$800,000-$899,999 = 30
$900,000-$999,999 = 37
$1,000,000+ = 136

If you have been reading the market activity reports on Mondays here at the propertyblotter, you have probably noticed that for the last several months there have been very few properties sold in the million dollar and over price range. In fact, it has been since early December that a sale has closed at that price point. 136 houses priced over a million dollars just seems like a lot of high-end inventory. In all of 2008, 45 houses sold that were priced at a million dollars or greater. At that rate, it will take a little over 3 years for the current inventory to be sold. What does that mean? It means that if you are in the market for a high-end, luxury home, you have lots of houses to choose from and motivated sellers will be making sacrifices to get their properties sold. I think that the sellers who truly have to sell quickly will be dropping prices and making concessions to secure a good sale.

Having said that, you will also have noticed that in this Monday’s market activity report two high-end homes went sale pending: one for $995,000 and one for $1,995,000.

It is very typical that the market is slow during the holidays. Seeing the two pendings this week can be seen as the market gearing up as we approach spring, which is a very active time for sales.

In doing this, I really enjoyed seeing the break down of the numbers in the more affordable price ranges as well. There are quite a few really nice homes that would not require jumbo loan financing. A jumbo loan is $417,000 or greater and typically has a higher interest rate than a conventional loan.

I also have from time to time compared the inventory of homes priced at $350,000 or less in Lake Oswego to the inventory available in Sellwood, a neighborhood in SE Portland. I have done this because I believe that Lake Oswego is often over-looked for affordable housing because of its reputation for million dollar housing. The first time I made the comparison, last April, there were 20 houses for sale in LO and 18 in Sellwood. The next time I did it, last August, there were 28 in LO and 32 in Sellwood. At the time of this current analysis I have found 36 in LO and 27 in Sellwood. So both areas have more houses for sale priced at $350,000 or less than they did 10 months ago, and Lake Oswego continues to be strong in this price range.

The least expensive house for sale in Lake Oswego, that is not a tear-down fixer, is priced at $189,900. It was built in 1955 and has 1320 square feet with 2 bedrooms and 1 bath. It’s on a very large lot in Lake Grove.

The most expensive house for sale in Lake Oswego is Jantzen Island. A private island in the lake of 5.5 acres with a 10,000 square foot main house and a 3500 square foot guest house. It’s priced at $19,500,000.

I am curious to see how our inventory changes as we go into the spring. With the current economy it is bound to be slower than normal. If anything, the current economy is increasing the number of homes in the more modest price ranges. And for buyers who want and are able to purchase a high-end home, there is great selection and some great deals to be found.

February 9, 2009

Market Activity Report – February 2-8, 2009

Lake Oswego saw 14 new properties hit the market last week. We had 6 go pending, and 5 that closed. Looks like some steady activity is continuing.

I think it’s interesting to note that some of the older inventory is moving, and some of the newer inventory is moving rather quickly, relatively speaking, as evidenced by 3 pending sales that had been on the market for over 8 months, and one other achieving pending status in just 7 days! The other two were on the market for less than 3 months before getting to pending status. As for sold/closed properties- one of the 5 had been on the market for over 11 months prior to sale, but we had one sell in about 2 weeks, and 2 that had been on the market for 5 & a just a little over 5 months.

Here is the latest market activity for Lake Oswego (see below the tables for additional notes):

NEWLY LISTED (February 2—February 8, 2009)

Address	List Price	# Beds	# Baths	Tot. SF	Prop Type	List Date
45 OSWEGO Summit	$139,900	1	1	764	CONDO	2/2/2009
3882 BOTTICELLI ST	$224,900	3	2	1,224	ATTACHD	2/3/2009
204 CERVANTES CIR	$259,000	3	1.1	1,138	CONDO	2/3/2009
790 BOCA RATAN DR	$269,900	3	2	2,112	DETACHD	2/6/2009
17304 MARJORIE AVE	$333,000	3	1.1	1,340	DETACHD	2/3/2009
1685 MAPLELEAF RD	$365,000	3	2	1,433	DETACHD	2/2/2009
1299 HIDE A WAY LN	$425,000	3	2	1,893	DETACHD	2/8/2009
1510 FERNWOOD DR	$595,000	5	3	3,291	DETACHD	2/4/2009
2957 GLEN EAGLES RD	599000	4	3	3,288	DETACHD	2/3/2009
5772 BAY CREEK DR	599000	4	3	3,242	DETACHD	2/5/2009
17879 HILLSIDE DR	674900	3	3	3,049	DETACHD	2/5/2009
1991 COUNTRY CLUB RD	879000	4	4	3,414	DETACHD	2/6/2009
17460 Wren CT	1495000	4	3.1	3,300	DETACHD	2/8/2009
4313 WESTBAY RD	2775000	4	3.1	4,000	DETACHD	2/2/2009

PENDING SALES (February 2—February 8, 2009)

Address	List Price	# Beds	# Baths	Tot. SF	Prop Type	List Date	CDOM
44 EAGLE CREST DR	$114,950	1	1	798	CONDO	1/29/2009	7
95 KINGSGATE RD	$310,000	3	2.1	1,669	DETACHD	12/14/2008	51
5291 CHINOOK CT	$375,000	7	3	2,331	DETACHD	12/8/2008	286
4761 LAMONT WAY	$390,000	3	2	1,816	DETACHD	11/13/2008	83
1555 BAY VIEW LN	$995,000	4	4.1	4,775	DETACHD	1/19/2009	277
13200 THOMA RD	$1,995,000	5	5.2	7,648	DETACHD	11/4/2008	504

SOLD (February 2—February 8, 2009)

Address	O/Price	Close Price	# Beds	# Baths	Tot. SF	Prop Type	List Date	CDOM
3668 SPRING LN	$199,900	$164,400	2	2	1,120	CONDO	1/6/2009	16
4206 WOODSIDE CIR	$284,900	$284,900	2	2	1,799	ATTACHD	8/3/2008	151
1640 WORTHINGTON ST	$359,900	$335,500	4	3	2,342	DETACHD	10/28/2008	66
5079 W SUNSET DR	$458,650	$365,000	2	2.1	1,760	ATTACHD	7/25/2008	336
13217 FOX RUN	$610,000	$508,200	4	3	2,706	DETACHD	6/23/2008	160

February 2, 2009

Market Activity for January 26 thru February 1, 2009

Last week’s market activity appears to be falling in line with the painfully slow, but still happening, increase in real estate activity that normally occurs in late January and early February. There were 16 new listings, 5 pending sales, and 3 closed sales.

NEWLY LISTED (January 26, 2009 – February 1, 2009)

ADDRESS	LIST PRICE	TOT. BEDS	TOT. BATHS	TOT. SQ FT	PROP TYPE	LIST DATE
Address			List Price	#BR	#BTHS	Total SF	Prop Type	List Date
44 EAGLE CREST DR			$114,950	1	1	798	CONDO	1/29/2009
4 TOUCHSTONE DR			$141,750	3	2.1	1,351	CONDO	1/26/2009
205 CERVANTES			$164,900	2	2.1	1,216	CONDO	1/27/2009
16651 LAKE FOREST BLVD			$287,900	2	1	1,230	DETACHD	1/27/2009
1684 BOCA RATAN DR			$314,900	3	2	1,611	ATTACHD	1/30/2009
16 PARTRIDGE LN			$418,900	3	2.1	2,304	DETACHD	1/30/2009
668 MCVEY AVE			$460,000	3	1.1	992	CONDO	1/28/2009
340 8TH ST			$575,000	3	2	1,992	DETACHD	1/26/2009
5535 BAY CREEK DR			580000	4	2.1	2,328	DETACHD	1/29/2009
4941 HASTINGS DR			589000	4	2.1	2,530	DETACHD	1/29/2009
17154 LOWENBERG TER			849900	5	3.1	3,350	DETACHD	1/29/2009
17281 LOWENBERG TER			849900	4	3.1	3,035	DETACHD	1/29/2009
17110 LOWENBERG TER			850000	4	2.1	2,678	DETACHD	1/26/2009
645 COUNTRY CLUB RD			899000	4	2.1	3,262	DETACHD	1/26/2009
17364 RIDGEVIEW CT			1425000	4	3.1	4,436	DETACHD	1/30/2009
112 NORTHSHORE CIR			2850000	4	4.2	3,558	DETACHD	1/26/2009

PENDING SALES (January 26, 2009 – February 1, 2009)

ADDRESS	LIST PRICE	TOT. BEDS	TOT. BATHS	TOT. SQ FT	PROP TYPE	DOM
Address			List Price	#BR	#BTHS	Total SF	Prop Type	CDOM
3433 MCNARY PARKWAY			$184,500	2	2.1	1,208	CONDO	105
2071 BONNIEBRAE DR			$314,995	3	2	1,611	ATTACHD	226
353 ASH ST			$409,900	3	3.1	2,765	DETACHD	434
12974 KNAUS RD			$450,000	3	3.1	3,792	DETACHD	131
5441 DENTON DR			$599,000	3	2.1	3,331	DETACHD	242

SOLD (January 26, 2009 – February 1, 2009)

ADDRESS	ORIG. PRICE	SALE PRICE	TOT. BEDS	TOT. BATHS	TOT. SQ FT	PROP TYPE	DOM
Address	O/Price	Close Price		#BR	#BTHS	Total SF	Prop Type	CDOM
1120 HALLINAN CIR	$365,000	$332,000		3	2	1,600	DETACHD	153
5254 TIMBERGROVE ST	$399,500	$365,000		4	2	1,854	DETACHD	87
17845 HILLSIDE WAY	$628,500	$560,000		5	3	2,820	DETACHD	263

If links to ACTIVE properties do not bring up property information, the listing may no longer be active, but rather expired, cancelled, pending, or sold.

January 26, 2009January 26, 2009

Market Activity Report – January 19-25, 2009

News today indicates a “Surprise to the Upside” in US housing sales.

Check it out: http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/us-home-sales-surprise-to-the-upside-2009012676338/

Here in Lake Oswego we have a total of 20 properties newly on the market as of this last week, and 7 pending sale as of the same week. I culled any property listed as “new” that had not been off the market for at least 30 days, and many of those categorized as such below are brand new listings.

Here is the latest market activity for Lake Oswego (see below the tables for additional notes):

NEWLY LISTED (January 19—January 25, 2009)

Address	List Price	# Beds	# Baths	Tot. SF	Prop Type	List Date
26 CRESTFIELD CT	$172,700	2	2	995	CONDO	1/23/2009
13880 SUNDELEAF DR	$234,500	2	1	976	DETACHD	1/23/2009
666 9th ST	$425,000	2	1	1,850	DETACHD	1/23/2009
14431 ORCHARD SPRINGS RD	$439,900	3	2.1	1,960	CONDO	1/23/2009
3 CELLINI CT	$465,000	4	2.1	2,531	DETACHD	1/19/2009
39 SPINOSA	$479,900	3	2.1	2,069	DETACHD	1/21/2009
627 1ST ST	$499,000	2	2	2,090	DETACHD	1/25/2009
2360 GREENTREE RD	$499,995	3	2.1	2,207	DETACHD	1/21/2009
14 NORTHVIEW CT	$537,500	4	3.1	3,279	ATTACHD	1/22/2009
3745 TEMPEST DR	$547,500	4	3	2,834	DETACHD	1/21/2009
14412 MEADOW GRASS ST	$575,000	4	2.1	3,563	DETACHD	1/19/2009
554 5TH ST	$759,000	3	3.1	2,166	ATTACHD	1/19/2009
556 5TH ST	$759,000	3	3.1	2,166	ATTACHD	1/19/2009
15847 SPRINGBROOK CT	$938,000	3	3	2,705	DETACHD	1/19/2009
730 KENOLA CT	$1,085,000	4	3.1	4,319	DETACHD	1/19/2009
2326 Oswego Glen CT	$1,495,000	4	4	4,178	DETACHD	1/20/2009
15905 OSWEGO SHORE CT	$1,590,000	4	4	3,869	DETACHD	1/19/2009
1098 CHANDLER RD	$2,195,000	4	3.1	3,696	DETACHD	1/21/2009
18414 RIVER WOODS PL	$2,999,000	4	4.2	6,498	DETACHD	1/23/2009
17110 LOWENBERG TER	$850,000	4	2.1	2,678	DETACHD	1/22/2009

PENDING SALES (January 19—January 25, 2009)

Address	List Price	# Beds	# Baths	Total SF	Prop Type	List Date	CDOM
4 TOUCHSTONE DR	$114,000	2	2	984	CONDO	1/10/2009	11
3668 SPRING LN	$199,900	2	2	1,120	CONDO	1/6/2009	16
1400 PARRISH ST	$297,500	3	2.1	1,880	CONDO	9/1/2008	143
4672 WINTHROP CT	$399,900	3	2	1,680	DETACHD	9/30/2008	114
1480 HEMLOCK ST	$428,850	4	3	2,246	DETACHD	3/24/2008	305
6067 CLAIRMONT CT	$529,000	4	2.1	2,344	DETACHD	1/12/2009	11
17561 SHEPHERDS CT	$675,000	4	2.1	3,011	DETACHD	5/15/2008	347

SOLD (January 19—January 25, 2009)

Address	O/Price	Close Price	# Beds	# Baths	Total SF	Prop Type	List Date	CDOM
13915 SUNDELEAF DR	$998,000	$895,000	4	3.1	4,090	DETACHD	10/1/2008	797

January 19, 2009

Market Activity for January 12-18, 2009

Here is your market activity report for last week. There are 17 new listings, 9 pending sales, and 2 closed sales. When I did my search for new listings the report originally contained over 50 properties, which seemed way high to me. So I explored the market history on each of them and found that only 17 were truly new listings and all of the rest were old listings that were pulled and then re-listed with new RMLS numbers to “refresh” them. It’s a common practice to stimulate sales activity. However, I think it is helpful to see what is a actually a new listing versus this marketing technique. I can not promise that time will always permit me to take this extra step, but when I can, I will. I was also pleased to see 9 pending sales, which is a bit of a gain over what we were seeing in the holidays.

NEWLY LISTED (January 12, 2009 – January 18, 2009)

Address	List Price	#BR	#Bths	Total SF	Prop Type	List Date
57 GALEN ST	$129,500	1	1	689	CONDO	1/17/2009
136 OSWEGO SMT	$142,000	1	1	764	CONDO	1/15/2009
4 TOUCHSTONE DR	$194,900	3	2.1	1,351	CONDO	1/13/2009
545 HEMLOCK ST	$339,900	3	1.1	984	DETACHD	1/12/2009
3 SAINT HELENS CIR	$359,000	2	2	1,472	DETACHD	1/12/2009
1234 MAPLE ST	$379,000	3	2	1,947	DETACHD	1/14/2009
1052 YATES ST	$389,900	3	1.1	1,286	DETACHD	1/12/2009
14498 CAMDEN LN	$469,900	4	2.1	1,918	DETACHD	1/15/2009
6067 CLAIRMONT CT	529000	4	2.1	2,344	DETACHD	1/12/2009
1862 KILKENNY DR	549900	3	2.1	2,485	DETACHD	1/15/2009
827 5TH ST	550000	3	2	2,124	DETACHD	1/16/2009
745 4TH ST	579000	3	2	2,662	DETACHD	1/12/2009
4116 ORCHARD WAY	683950	5	3.1	4,078	DETACHD	1/16/2009
15713 TARA PL	729000	4	2.1	3,442	DETACHD	1/17/2009
13601 GOODALL RD	875000	3	1.1	2,662	DETACHD	1/14/2009
17404 BERGIS FARM DR	1297000	5	4.1	5,394	DETACHD	1/17/2009
13770 CAMEO CT	2298000	4	5.1	6,929	DETACHD	1/14/2009

PENDING SALES (January 12, 2009 – Janaury 18, 2009, 2008)

Address	List Price	#BR	#BTHS	Total SF	Prop Type	CDOM
5225 JEAN RD	$189,875	2	2	1,100	CONDO	168
6291 HARRINGTON AVE	$249,900	3	2	1,472	DETACHD	99
4451 BERNARD ST	$349,950	3	2	1,800	DETACHD	190
5079 W SUNSET DR	$379,950	2	2.1	1,760	ATTACHD	336
18971 INDIAN SPRINGS CIR	$399,950	3	2	1,525	DETACHD	9
4 BRITTEN CT	$429,000	3	2.1	1,972	ATTACHD	74
1265 ROCKINGHORSE LN	$444,000	4	3	2,402	DETACHD	189
5364 LANGFORD LN	$715,950	3	2.1	3,022	DETACHD	258
14270 EDENBERRY DR	749900	4	2.1	2,935	DETACHD	104

SOLD (January 12, 2009 – January 18, 2009)

Address	O/Price	Close Price	#BR	#BTHS	Total SF	Prop Type	CDOM
7050 CHILDS RD	$498,000	$385,000	2	2	1,693	DETACHD	573
2584 PARK RD	$679,000	$480,000	4	2	2,302	DETACHD	279

If links to ACTIVE properties do not bring up property information, the listing may no longer be active, but rather expired, cancelled, pending, or sold.

January 12, 2009January 23, 2009

Market Activity Report- January 5 – 11, 2009

Activity is picking up as evidenced by the number of new listings below. However, I’ll caution that roughly half of these are “freshened” listings, and though I like to pick through them and only display the truly “new”, scheduling did not allow me to do that for you today.

Your Realtor can answer any questions regarding a property’s history, and I’d be happy to advise you on that as well should you not have your own resource, and find something of interest below. Suffice it to say though, that the new year is providing inspiration to home sellers, and this is fairly common every year.

Here is the latest market activity for Lake Oswego (see below the tables for additional notes):

NEWLY LISTED (January 5 – 11,2009)

4 TOUCHSTONE DR	$ 114,000	2	2	984	CONDO	1/10/2009
65 GALEN ST	$ 129,000	1	1	689	CONDO	1/5/2009
3668 SPRING LN	$ 199,900	2	2	1,120	CONDO	1/6/2009
750 1ST ST	$ 225,000	2	2	1,350	CONDO	1/9/2009
6291 HARRINGTON AVE	$ 249,900	3	2	1,472	DETACHD	1/6/2009
6317 CARMAN DR	$ 275,000	3	1.1	1,344	DETACHD	1/5/2009
4664 FIRWOOD RD	$ 300,000	3	2	1,640	DETACHD	1/6/2009
18963 SW LONGFELLOW AVE	$ 339,900	3	1.1	1,232	DETACHD	1/5/2009
18959 KRISTI WAY	$384,400	3	2	1,778	DETACHD	1/6/2009
18971 INDIAN SPRINGS CIR	$399,950	3	2	1,525	DETACHD	1/7/2009
16018 WALUGA DR	$419,000	4	2	2,026	DETACHD	1/8/2009
142 KINGSGATE RD	$425,000	4	2.1	2,495	DETACHD	1/6/2009
1717 WOODLAND TER	$455,000	3	2.1	2,146	DETACHD	1/6/2009
17121 WALL ST	$525,000	3	2.1	2,187	DETACHD	1/9/2009
17622 BROOKHURST DR	$550,000	3	2.1	2,909	DETACHD	1/7/2009
3254 DUNCAN DR	$599,900	4	3.1	3,997	DETACHD	1/7/2009
668 MCVEY AVE	$599,998	3	1.1	992	CONDO	1/9/2009
5678 SW CHARLES CIR	$65,0000	4	4	3,455	DETACHD	1/5/2009
615 LAKE BAY CT	$669,900	3	3	2,542	DETACHD	1/5/2009
72 CONDOLEA WAY	$679,500	2	2.1	3,088	CONDO	1/9/2009
19524 RIVER RUN DR	$699,950	4	2.1	2,630	DETACHD	1/5/2009
15195 LILY BAY CT	$924,900	4	2.1	4,099	DETACHD	1/11/2009
3030 WESTVIEW CT	$959,000	4	2.1	3,415	DETACHD	1/11/2009
18682 WESTVIEW	$975,000	4	3	3,243	DETACHD	1/8/2009
662 9 th ST	$975,000	5	3.1	4,108	DETACHD	1/5/2009
2304 Oswego Glen CT	$1,395,000	4	2.1	3,896	DETACHD	1/5/2009
2793 POPLAR WAY	$1,995,000	5	5.1	6,300	DETACHD	1/9/2009

PENDING SALES (January 5 – 11, 2009)

3190 DUNCAN DR $304,900	3 2.1	2401 DETACHD 12/16/2008 24
5102 ROSEWOOD ST $341,900	3 2	1810 DETACHD 11/12/2008 54
4280 CHAPMAN WAY $469,000	3 2	1947 DETACHD 12/15/2008 105
17454 CANAL CIR $549,900	4 3	2275 DETACHD 4/19/2008 261
13581 GOODALL RD $550,000	3 2	1220 DETACHD 10/10/2008 490
5299 WESTFIELD CT $598,000	3 2.1	2865 DETACHD 8/2/2008 156
1141 TROON RD $648850	4 3	2522 DETACHD 7/2/2008 187

SOLD (January 5-11, 2009)

16250 PACIFIC HWY $269,850	$185,000	2 2.1	324 CONDO 433
5051 TUALATA LN $409,900	$400,000	4 2.1	591 DETACHD 114
16750 PHANTOM BLUFF CT$485,000	$430,000	3 3.2	267 DETACHD ,288
1971 PARK FOREST AVE $549,000	$549,000	4 2.2	180 DETACHD 13

If links to ACTIVE properties do not bring up property information, the listing may no longer be active, but rather expired, cancelled, pending, or sold.

January 6, 2009January 23, 2009

Market Activity for December 29, 2008 to January 4, 2009

The holidays are over, the snow has melted, and it’s time for the market to get going. This past week there were 13 new listings, 3 pending sales, and 2 closed sales. Of particular interest to me is the sale on Dellwood Dr. Dellwood is absolutely one of the prettiest streets in Lake Oswego. This was a house that Linda and I had toured together during a Broker’s Open. It was a mid-century modern in architectural design and was decorated in the same manner. It had been on the market for a very long time. An offer was accepted on it in mid December and it closed just two weeks later. For the location the house was a nice value and I sure the seller is happy to start the new year with the house sold.

NEWLY LISTED (DECEMBER 29, 2008 – January 4, 2009)

ADDRESS	LIST PRICE	TOT. BEDS	TOT. BATHS	TOT. SQ FT	PROP TYPE	LIST DATE
4 TOUCHSTONE	$129,900	2	2	979	CONDO	1/1/2009
210 S STATE ST	$199,900	2	1	1,284	CONDO	12/30/2008
3433 MCNARY PKWY	$249,900	2	2.1	1,136	CONDO	1/2/2009
1635 ASPEN ST	$345,000	3	2.1	1,618	DETACHD	1/2/2009
17755 HILL WAY	$375,000	4	3	1,887	DETACHD	1/3/2009
845 LAKE FOREST DR	$459,000	3	1.1	1,359	DETACHD	12/31/2008
4750 UPPER DR	$469,900	4	3	2,692	DETACHD	1/4/2009
4691 SW HERITAGE LN	$639,900	4	2.1	2,882	DETACHD	1/4/2009
1189 SUNNINGDALE CT	$699,000	4	2	2,056	DETACHD	1/2/2009
1913 CHERYL CT	$1,380,000	4	4.1	5,791	DETACHD	1/4/2009
16771 MAPLE CIR	$1,650,000	3	3	2,074	DETACHD	1/3/2009
4398 Lakeview BLVD	$1,895,000	4	2.2	3,309	DETACHD	12/30/2008

PENDING SALES (DECEMBER 29, 2008 – Janaury 4, 2009, 2008)

ADDRESS	LIST PRICE	TOT. BEDS	TOT. BATHS	TOT. SQ FT	PROP TYPE	DOM
4206 WOODSIDE CIR	$284,900	2	2	1,799	ATTACHD	8/3/2008
1640 WORTHINGTON ST	$359,000	4	3	2,342	DETACHD	10/28/2008
5350 LAKEVIEW BLVD	$459,990	6	2.5	2,580	DETACHD	8/19/2008

SOLD (December 29, 2008 – January 4, 2009)

ADDRESS	ORIG. PRICE	SALE PRICE	TOT. BEDS	TOT. BATHS	TOT. SQ FT	PROP TYPE	DOM
2958 DELLWOOD DR	$669,900	$547,000	4	3	3,272	DETACHD	775
14527 PFEIFER WAY	$799,000	$650,000	4	3.1	3,788	DETACHD	120

If links to ACTIVE properties do not bring up property information, the listing may no longer be active, but rather expired, cancelled, pending, or sold.

December 29, 2008January 23, 2009

Lake Oswego Real Estate Activity Report – December 22-28, 2008

Lake Oswego saw two properties enter the market last week. Feet of snow and ice may stop delivery companies and impair mall traffic the week of Christmas, but the real estate market moves forward! (albeit slightly)

One property went “Pending”, and we have no sales for the week.

Here is the latest Lake Oswego real estate market activity report (see below the tables for additional notes):

NEWLY LISTED (DECEMBER 22-28, 2008)

12826 Boones Ferry RD 299900 2 2.1 1398 CONDO 12/23/2008

570 7TH ST 739000 4 2.5 2528 DETACHD 12/23/2008

PENDING SALES (DECEMBER 22-28, 2008)

1428 PINE ST 449000 3 3.1 2738 DETACHD 782

If links to ACTIVE properties do not bring up property information, the listing may no longer be active, but rather expired, cancelled, pending, or sold.

December 23, 2008January 23, 2009

Market Activity Report for December 15-21, 2008

It’s Christmas, there is a foot of snow on the ground, and, yes, the market is slow. It is very typical that during the two weeks that kids are out of school and families are gathering, that the market creeps along. I believe the market will pick up when the holidays are over. In the mean time, here is your market activity report for December 15th to December 21st.

NEWLY LISTED (December 15 —December 21, 2008)

Address	List Price	# Bedrm.	# Baths	Total SF	Prop Type	List Date
4 TOUCHSTONE	$184,900	3	2.1	1,350	CONDO	12/18/2008
3190 DUNCAN DR	$304,900	3	2.1	2,401	DETACHD	12/16/2008
17100 BRYANT RD	$425,000	3	3	2,032	DETACHD	12/17/2008
4280 CHAPMAN WAY	$469,000	3	2	1,947	DETACHD	12/15/2008
815 10TH ST	$539,900	3	2	2,190	DETACHD	12/19/2008
4004 MELISSA DR	$598,950	3	2.1	2,840	DETACHD	12/17/2008
12424 SW 22ND AVE	$999,900	5	4.1	4,771	DETACHD	12/15/2008

PENDING SALES (December 15 —December 21, 2008)

Address	List Price	# Bedrm	#l Baths	Total SF	Prop Type	List Date	CDOM
4000 CARMAN DR	$144,000	1	1	767	CONDO	10/30/2008	226
5142 ROSEWOOD ST	$339,900	4	2.1	1,784	DETACHD	9/22/2008	232
1971 PARK FOREST AVE	$549,000	4	2	2,180	DETACHD	12/8/2008	13
13915 SUNDELEAF DR	$998,000	4	3.1	4,090	DETACHD	10/1/2008	797

SOLD (December 15—December 21, 2008)

Address	O/Price	# Bedrm	Total Baths	Total SF	Prop Type	Close Price	CDOM
4 TOUCHSTONE	$124,900	2	2	984	CONDO	$93,000	60
44 EAGLE CREST DR	$154,900	3	2	1,085	CONDO	$145,000	31
801 NORTHSHORE RD	$879,900	4	3	2,144	DETACHD	$925,000	6