I know that in my personal business it feels like things have picked up a bit. I think last week’s market activity also reflected that. We had 19 new listings come on the market, 12 homes go pending, and 14 sales that closed.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (June 8—June 14, 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
15210 BOONES WAY
$175,000
2
2
1,124
CONDO
6/8/2009
109 OSWEGO SMT
$182,900
2
2
1,212
CONDO
6/8/2009
44 EAGLE CREST DR
$185,000
3
2
1,085
CONDO
6/11/2009
212 RIDGEWAY RD
$204,900
1
1
778
CONDO
6/12/2009
41 GREENRIDGE CT
$249,900
3
2.1
1,652
ATTACHD
6/8/2009
4438 THUNDER VISTA LN
$265,000
2
2.1
2,040
CONDO
6/8/2009
1432 LAUREL ST
$275,000
2
1
920
DETACHD
6/8/2009
3 SUMMIT RIDGE CT
$300,000
2
2.1
1,576
ATTACHD
6/11/2009
343 5TH ST
315000
2
1
910
CONDO
6/11/2009
16808 INVERURIE RD
324900
3
2
1,182
DETACHD
6/8/2009
16964 GASSNER LN
330000
3
3
2,208
DETACHD
6/8/2009
6310 CARMAN DR
349900
3
2.2
1,270
DETACHD
6/9/2009
19040 INDIAN SPRINGS CIR
369950
5
2
2,050
DETACHD
6/9/2009
5037 CENTERWOOD ST
379000
3
1.1
1,340
DETACHD
6/13/2009
2705 ORCHARD HILL PL
434900
3
2.1
2,250
DETACHD
6/12/2009
16439 LEXINGTON CT
474900
2
2
1,563
DETACHD
6/9/2009
891 G AVE
529900
5
2.1
2,420
DETACHD
6/11/2009
17471 CARDINAL DR
850000
4
2.1
3,056
DETACHD
6/9/2009
667 IRON MOUNTAIN BLVD
1650000
5
4.1
5,000
DETACHD
6/8/2009
PENDING SALES (June 8-June 16, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
List Price
# BR
# BTHS
Total SF
Prop Type
CDOM
3876 BOTTICELLI ST
$169,900
2
2
1,275
ATTACHD
202
668 MCVEY AVE
194900 – 224876
2
1
852
CONDO
765
4325 COUNTRY WOODS CT
$299,900
3
2
1,346
DETACHD
40
17850 PILKINGTON RD
$372,000
3
2.1
3,222
DETACHD
388
762 LAKE FOREST DR
$412,125
4
3
1,970
DETACHD
9
14371 HOLLY SPRINGS RD
$414,900
4
2.1
1,939
DETACHD
354
131 WILBUR ST
$425,000
2
2
1,312
DETACHD
106
16919 LAKERIDGE DR
$425,000
4
3
2,710
DETACHD
295
4181 COBB WAY
429900
4
3
2,248
DETACHD
28
15713 TARA PL
615000
4
2.1
3,442
DETACHD
143
17600 UPPER CHERRY LN
699000
4
3.1
3,867
DETACHD
133
17090 FERNWOOD DR
765000
4
3.1
3,998
DETACHD
302
SOLD (June 8-June 16, 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
5101 JEAN RD
$295,000
$235,000
3
1
1,012
DETACHD
233
16446 INVERURIE RD
$349,900
$250,000
3
1
2,100
DETACHD
350
17071 BRYANT RD
$435,000
$320,000
3
2
1,500
DETACHD
302
1666 LAKE FRONT RD
$874,900
$395,000
4
3
2,825
DETACHD
680
13581 GOODALL RD
$1,100,000
$475,000
3
2
1,220
DETACHD
575
54 AQUINAS ST
$575,000
$485,000
3
2.1
2,802
DETACHD
249
11 BECKET ST
$550,000
$487,500
3
2.1
4,030
DETACHD
111
19431 KOKANEE CT
$529,000
$520,000
4
2.1
2,250
DETACHD
8
5868 SUNCREEK DR
749900
645000
4
2.1
3,174
DETACHD
68
2317 STONEHURST CT
$945,900
660000
4
2.1
4,455
DETACHD
374
4155 CANAL RD
$1,199,000
685000
4
2.1
3,736
DETACHD
678
2900 WEMBLEY PARK RD
697000
690000
4
2.1
3,383
DETACHD
4
3407 LAKE GROVE AVE
$1,298,000
875000
4
3.1
4,475
DETACHD
402
18224 Bella Terra DR
1495000
1275000
4
4
4,050
DETACHD
397
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.
This past week brought 28 new listings, 10 pending sales, and 6 sold properties. One of the challenges of doing this report is going back through the data to “weed out” the listings that have new RMLS numbers, but are not truly new to the market. I try to not include houses that were taken off the market in the last 30-60 days and then re-listed. Having said that, there are half a dozen houses on this list that came off the market last winter around the holidays and are now re-listed, so they may sound familiar to you. A couple of them have had huge price reductions.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (June 1—June 7, 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
4629 LAKEVIEW BLVD
$179,900
2
2
1,178
CONDO
6/4/2009
188 OSWEGO SUMMIT
$195,500
2
2
1,383
CONDO
6/3/2009
16584 ROOSEVELT AVE
$263,000
3
1
1,188
DETACHD
6/5/2009
17570 MARDEE AVE
$264,900
3
1
1,050
DETACHD
6/5/2009
4433 THUNDER VISTA LN
$275,000
2
2.1
1,980
CONDO
6/5/2009
15265 BOONES WAY
$349,900
2
2.1
1,560
ATTACHD
6/1/2009
2315 SOUTHSHORE BLVD
$350,000
3
1
1,970
DETACHD
6/1/2009
26 BRIARWOOD RD
$389,900
4
2.2
2,554
DETACHD
6/3/2009
17280 WESTVIEW DR
399900
3
2.1
2,324
DETACHD
6/1/2009
2745 GREENTREE RD
400000
2
1
1,219
DETACHD
6/5/2009
762 LAKE FOREST DR
412125
4
3
1,970
DETACHD
6/1/2009
19 TOUCHSTONE
415000
4
3
2,789
DETACHD
6/2/2009
14433 HOLLY SPRINGS RD
419900
4
2.1
1,939
DETACHD
6/1/2009
692 2ND ST
425000
3
1
1,700
DETACHD
6/1/2009
13899 MAJESTIC CT
439000
3
2
2,357
DETACHD
6/1/2009
410 LAUREL ST
499000
4
2.1
2,064
DETACHD
6/5/2009
4043 ORCHARD DR
635000
4
2.1
3,339
DETACHD
6/6/2009
2834 GLENMORRIE DR
669000
3
2.1
2,459
DETACHD
6/1/2009
17473 REDFERN AVE
719950
4
2.1
3,052
DETACHD
6/5/2009
7 SCARBOROUGH DR
724950
4
2.1
3,367
DETACHD
6/5/2009
4070 VIRGINIA WAY
749000
3
2.1
3,510
DETACHD
6/4/2009
160 GREENWOOD RD
799950
4
0.2
2,448
DETACHD
6/3/2009
2681 SOUTHSHORE BLVD
890000
3
2.1
2,760
DETACHD
6/4/2009
19010 BRYANT RD
899000
4
3.1
4,878
DETACHD
6/5/2009
16461 CHAPIN WAY
947500
4
2.1
4,271
DETACHD
6/1/2009
18246 BELLA TERRA DR
1294000
4
3.1
4,052
DETACHD
6/4/2009
18493 RAY RIDGE DR
1359000
4
3.3
4,401
DETACHD
6/1/2009
17211 KELOK RD
1399000
3
3.1
5,384
DETACHD
6/5/2009
PENDING SALES (June 1-June 7, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
List Price
# BR
# BTHS
Total SF
Prop Type
CDOM
15010 TWIN FIR RD
$284,905
8
2.1
3,526
DETACHD
92
800 WOODWAY CT
$339,000
4
3
2,066
DETACHD
55
1234 MAPLE ST
$345,000
3
2
1,947
DETACHD
141
4070 WESTBAY RD
$449,996
3
2
1,828
DETACHD
33
6091 FROST LN
$479,900
5
2.1
2,540
DETACHD
210
523 2ND ST
$485,000
2
2
1,274
CONDO
2860 DELLWOOD DR
$505,000
4
2.1
2,966
DETACHD
34
1510 FERNWOOD DR
$574,950
5
3
3,291
DETACHD
123
17141 WALL ST
619000
4
3
3,540
DETACHD
354
4076 Orchard DR
719000
4
3.1
3,991
DETACHD
34
SOLD (June 1-June 7, 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
44 EAGLE CREST DR
$124,950
$125,000
1
1
798
CONDO
63
12826 Boones Ferry RD
$299,900
$228,000
2
2.1
1,398
CONDO
156
1615 HALLINAN ST
$299,900
$277,750
3
1.1
1,500
DETACHD
231
18307 LONGFELLOW AVE
$339,900
$319,000
3
2
1,457
DETACHD
262
13470 PETERS RD
$474,900
$474,900
3
2.1
2,324
ATTACHD
15
569 6TH ST
$800,000
$490,000
4
2
2,168
DETACHD
359
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.
This last week Lake Oswego saw 14 New properties placed on the market, Pending sales at 15 and 8 Sold/closed.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (May 25—May 31, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
Address
List Price
# Beds
# Baths
Total SF
Prop Type
List Date
47 EAGLE CREST DR
$99,500
1
1
666
CONDO
5/26/2009
340 CERVANTES CIR
$120,000
2
1.1
912
CONDO
5/27/2009
4000 SW CARMAN DR
$151,000
2
2
836
CONDO
5/29/2009
458 STATE ST
$209,900
2
1
800
CONDO
5/26/2009
3497 DEVONSHIRE DR
$299,000
3
2
1,556
ATTACHD
5/28/2009
5 ORIOLE LN
$399,000
3
2.5
2,024
DETACHD
5/28/2009
4191 CHAPMAN WAY
$409,000
4
2.1
2,610
DETACHD
5/29/2009
44 DA VINCI ST
$449,000
4
2
2,005
DETACHD
5/30/2009
1322 GLENMORRIE DR
$725,000
3
3
2,752
DETACHD
5/30/2009
14136 HEATHROW LN
$734,000
4
2.1
2,955
DETACHD
5/27/2009
1120 HOODVIEW LN
769000 – 875000
4
3
3,454
DETACHD
5/29/2009
3973 CHILDS (Private Rd) RD
$950,000
3
3.1
3,861
DETACHD
5/29/2009
885 8th ST
$1,075,000
3
2
1,766
DETACHD
5/28/2009
320 CHANDLER PL
$1,900,000
5
3.1
4,675
DETACHD
5/28/2009
95 IRON MOUNTAIN BLVD
$2,250,000
6
4.1
4,818
DETACHD
5/27/2009
PENDING SALES (May 25-May 31, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
List Price
# Beds
# Baths
Total SF
Prop Type
List Date
CDOM
12826 Boones Ferry RD
$229,900
2
2.1
1,398
CONDO
4/25/2009
156
668 MCVEY AVE
$250,000
3
1.1
985
CONDO
3/12/2009
77
30 CONDOLEA DR
$275,000
2
2
1,420
ATTACHD
10/31/2008
209
15570 WALUGA DR
$325,000
3
3
1,577
DETACHD
3/21/2009
334
4411 Lakeview Blvd
299000 – 338876
4
2
1,828
DETACHD
4/20/2009
239
1716 HALLINAN ST
$354,500
3
3
1,916
DETACHD
4/10/2009
47
14141 GOODALL RD
$389,900
3
2.1
1,907
DETACHD
5/22/2009
4
15422 PARTRIDGE DR
$399,900
4
2.1
1,841
DETACHD
5/21/2009
4
147 6TH ST
$425,000
3
1
1,584
DETACHD
5/18/2009
11
4116 ORCHARD WAY
$644,900
5
3.1
4,078
DETACHD
1/16/2009
132
4155 CANAL RD
$709,000
4
2.1
3,736
DETACHD
5/21/2009
678
1913 CHERYL CT
$1,175,000
4
4.1
5,791
DETACHD
3/31/2009
547
18025 SKYLAND CIR
$1,425,000
4
3.2
5,379
DETACHD
4/6/2009
54
15805 OSWEGO SHORE CT
$1,488,850
3
2.1
3,870
DETACHD
4/22/2009
33
12901 SW GOODALL RD
$2,195,000
4
4.1
5,333
DETACHD
3/20/2008
679
SOLD (May 25-May 31, 2009)
ADDRESS
ORIG. PRICE
SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
O/Price
Close Price
# Beds
# Baths
Total SF
Prop Type
List Date
CDOM
4000 CARMAN DR
$144,000
$151,000
2
2
932
CONDO
4/19/2009
8
13880 SUNDELEAF DR
$234,500
$200,000
2
1
976
DETACHD
1/23/2009
84
5054 FOOTHILLS DR
$278,500
$255,000
2
2
1,312
CONDO
2/17/2009
295
3190 DUNCAN DR
$304,900
$270,000
3
2.1
2,401
DETACHD
12/16/2008
115
820 MCVEY AVE
$335,000
$311,000
3
1.1
1,446
DETACHD
1/12/2009
489
2 SUMMIT RIDGE CT
$354,900
$349,900
2
2.1
1,750
ATTACHD
3/18/2009
25
2957 GLEN EAGLES RD
$599,000
$390,000
4
3
3,288
DETACHD
2/3/2009
87
4 DA VINCI ST
$599,950
$599,950
5
3
3,100
DETACHD
4/6/2009
11
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.
Lots of houses continue to come onto the market, as is typical in the spring. Even with the holiday weekend there were 25 new listings in Lake Oswego. We also saw 21 houses receive offers and go pending and 2 closed sales.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (May 18—May 24, 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
100 KERR PKWY
$94,900
1
1
617
CONDO
5/21/2009
45 EAGLE CREST DR
$139,900
1
1
768
CONDO
5/20/2009
86 KINGSGATE RD
$149,900
2
2
849
CONDO
5/20/2009
276 CERVANTES
$183,000
3
2
1,209
CONDO
5/21/2009
235 CERVANTES
$188,000
2
2
1,100
CONDO
5/21/2009
16250 PACIFIC HWY
$220,000
1
1
841
CONDO
5/19/2009
16428 SW BONAIRE AVE
$269,950
3
1
1,240
DETACHD
5/19/2009
16250 PACIFIC HWY
$274,500
2
2
1,305
CONDO
5/19/2009
4 WHEATHERSTONE
$334,950
3
2.1
1,692
CONDO
5/18/2009
6321 ALYSSA TER
$339,000
3
2.1
1,582
ATTACHD
5/18/2009
14141 GOODALL RD
$389,900
3
2.1
1,907
DETACHD
5/22/2009
19221 REDWING CT
$397,500
3
2
1,374
DETACHD
5/22/2009
147 6TH ST
$425,000
3
1
1,584
DETACHD
5/18/2009
668 MCVEY AVE
425000 – 450000
3
1.1
992
CONDO
5/20/2009
16950 LAKERIDGE DR
$479,000
4
2.1
2,305
DETACHD
5/23/2009
4938 MULHOLLAND DR
$529,900
3
2.1
2,498
ATTACHD
5/19/2009
4959 BILFORD LN
$547,500
3
2.1
2,456
DETACHD
5/19/2009
475 COUNTRY CLUB CT
$549,000
3
2.1
1,705
DETACHD
5/18/2009
5400 BAY CREEK DR
$550,000
4
2.1
2,856
DETACHD
5/22/2009
686 SUNNY HILL DR
$569,500
4
2.1
2,300
DETACHD
5/21/2009
4305 UPPER DR
$749,000
4
2.1
3,474
DETACHD
5/20/2009
1755 SOUTHSHORE BLVD
$949,000
5
3.1
4,757
DETACHD
5/21/2009
943 SW ATWATER RD
$975,000
4
2.1
3,874
DETACHD
5/21/2009
14480 KRUSE OAKS BLVD
$1,149,000
4
3.1
4,661
DETACHD
5/18/2009
18042 SKYLAND CIR
$1,499,000
4
3
4,800
DETACHD
5/22/2009
PENDING SALES (May 18-May 24, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
List Price
# BR
# BTHS
Total SF
Prop Type
CDOM
45 EAGLE CREST DR
$134,900
2
1.1
1,056
CONDO
6
4000 CARMAN DR
$149,900
2
2
925
CONDO
699
4000 CARMAN DR
$179,900
2
2
1,100
CONDO
72
1602 BONNIEBRAE DR
224900 – 254876
2
1
864
ATTACHD
256
103 KINGSGATE RD
$299,900
3
2.1
1,352
DETACHD
56
18543 LONGFELLOW AVE
$305,000
3
1.1
1,279
DETACHD
97
5918 SEVILLE AVE
$315,000
4
2
1,752
DETACHD
14
45 TANGLEWOOD DR
$345,000
5
3.1
3,166
DETACHD
71
15 MASARYK ST
$349,900
3
3
3,680
DETACHD
131
111 3RD ST
$399,900
2
2
1,206
CONDO
276
815 10TH ST
$399,950
3
2
2,190
DETACHD
298
606 2ND ST
$420,000
4
3
3,022
DETACHD
34
17825 SARAH HILL LN
$464,900
4
2.1
2,525
DETACHD
5
2 PIMLICO TER
$479,900
4
2.1
2,301
DETACHD
21
14412 MEADOW GRASS ST
$500,000
4
2.1
3,563
DETACHD
364
5026 HARTFORD PL
$524,900
5
2.1
3,253
DETACHD
319
17445 LAKE HAVEN DR
$539,900
4
3
2,949
DETACHD
9
1245 BAYBERRY RD
$559,000
3
2
1,728
DETACHD
342
5590 KODERRA AVE
$599,900
4
2.1
3,072
DETACHD
10
5322 Langford LN
$759,000
4
2.1
3,218
DETACHD
178
17970 ROYCE WAY
$995,000
4
4.2
5,226
DETACHD
285
SOLD (May 11-May 17, 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
4724 SW FIRWOOD RD
$299,900
$279,900
3
1.1
1,240
DETACHD
296
13805 REGENCY CT
$419,000
$373,000
4
2.1
2,045
DETACHD
29
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.
This last week Lake Oswego saw 23 new properties placed on the market, Pending sales at 12 and 4 Sold/closed. We’re still seeing buyers out for all price ranges, and the trend continuing of newer listings selling as well as homes that have been on the market for extended periods… it is one or the other it seems!
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (May 11—May 17, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
Address
List Price
# Beds
# Baths
Total SF
Prop Type
List Date
45 EAGLE CREST DR
$134,900
2
1.1
1,056
CONDO
5/14/2009
3433 MCNARY PKWY
$157,500
2
2.1
1,208
CONDO
5/11/2009
86 KINGSGATE RD
$159,900
2
2
924
CONDO
5/11/2009
45 EAGLE CREST DR
$259,900
3
2
1,348
CONDO
5/13/2009
222 CERVANTES
$259,990
3
1.1
1,464
CONDO
5/15/2009
16850 CORTEZ CT
$285,000
4
1.1
1,232
DETACHD
5/12/2009
16501 LAKE FOREST BLVD
$319,900
3
1
1,429
DETACHD
5/13/2009
13024 ROGERS RD
$389,900
4
1
1,826
DETACHD
5/15/2009
12519 27TH PL
$399,000
3
2.1
1,975
DETACHD
5/11/2009
4181 COBB WAY
$429,900
4
3
2,248
DETACHD
5/14/2009
17825 SARAH HILL LN
$464,900
4
2.1
2,525
DETACHD
5/15/2009
14 TANGLEWOOD DR
$499,999
5
3
3,384
DETACHD
5/14/2009
2062 CEDAR CT
$525,000
3
1
1,800
DETACHD
5/15/2009
17445 LAKE HAVEN DR
$539,900
4
3
2,949
DETACHD
5/11/2009
4040 VIRGINIA WAY
$595,000
4
2.1
2,484
DETACHD
5/11/2009
18490 RAY RIDGE DR
$679,900
4
3
3,426
DETACHD
5/15/2009
17455 BLUE HERON RD
$850,000
3
2
2,572
DETACHD
5/13/2009
3967 CANAL RD
$1,150,000
4
4
3,800
DETACHD
5/12/2009
2625 SUMMIT DR
$1,337,500
4
3.1
4,212
DETACHD
5/11/2009
624 ATWATER RD
$1,438,000
5
3.1
4,465
DETACHD
5/11/2009
18977 BARTON RD
$1,695,000
4
3.1
4,648
DETACHD
5/15/2009
397 FURNACE ST
$1,850,000
3
2.1
2,864
DETACHD
5/13/2009
13701 GOODALL RD
$2,475,000
4
4.1
6,028
DETACHD
5/14/2009
PENDING SALES (May 11-May 17, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
List Price
# Beds
# Baths
Total SF
Prop Type
List Date
CDOM
1897 BOCA RATAN DR
$237,100
3
2.1
1,739
ATTACHD
4/13/2009
33
5101 JEAN RD
$242,000
3
1
1,012
DETACHD
1/22/2009
233
200 Burnham RD
$264,850
2
2
1,313
CONDO
6/30/2007
682
1615 HALLINAN ST
$279,000
3
1.1
1,500
DETACHD
2/17/2009
86
1107 CEDAR ST
$324,999
4
3
2,485
DETACHD
5/11/2009
4
18307 LONGFELLOW AVE
$329,900
3
2
1,457
DETACHD
5/7/2009
262
18929 TERRY AVE
$356,950
4
2
2,065
DETACHD
3/30/2009
44
2317 STONEHURST CT
$749,900
4
2.1
4,455
DETACHD
5/1/2009
374
13874 TAYLORS CREST LN
$750,000
4
2.1
3,701
DETACHD
5/11/2009
3
5513 RACHEL LN
$799,999
4
2.1
3,149
DETACHD
4/16/2009
435
18224 Bella Terra DR
$1,294,000
4
4
4,050
DETACHD
4/11/2008
397
SOLD (May 11-May 17, 2009)
ADDRESS
ORIG. PRICE
SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
O/Price
Close Price
# Beds
# Baths
Total SF
Prop Type
List Date
CDOM
4 TOUCHSTONE
$93,000
$86,000
2
2
979
CONDO
4/10/2009
10
5235 OAKRIDGE RD
$324,900
$290,000
3
2.1
1,576
DETACHD
11/18/2008
129
5441 DENTON DR
$599,000
$599,000
3
2.1
3,331
DETACHD
1/26/2009
242
17706 MARYLBROOK DR
$685,000
$623,500
3
2.2
3,039
DETACHD
12/14/2008
392
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.
There were quite a few new listings last week: 27 in all. That is not counting the 14 that I found to be “refreshed”. In other words the listing was pulled and then put in again to look new in the data base. We had a fairly good number of houses that went pending: 14 total. And then there was just one closed sale. While the market is certainly starting to pick up, it is still off of the pace of the spring market in 2007 and 2008. I was also glad to see the pending sale in Cheryl Ct. There is so much high-end inventory that every single sale that happens is important.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (
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
45 EAGLE CREST DR
$168,950
2
2
1,056
CONDO
5/4/2009
200 BURNHAM RD
$204,900
1
1
943
CONDO
5/4/2009
19138 PILKINGTON RD
$275,000
3
1.1
1,099
DETACHD
5/4/2009
4214 WOODSIDE CIR
$309,900
3
2.1
1,841
ATTACHD
5/8/2009
5918 SEVILLE AVE
$315,000
4
2
1,752
DETACHD
5/9/2009
3269 PHYLLIS CT
$379,900
3
1.2
1,818
DETACHD
5/4/2009
534 2ND ST
$399,000
2
2.1
1,394
CONDO
5/7/2009
5523 ROYAL OAKS DR
$475,000
2
2
1,817
DETACHD
5/5/2009
18042 JENIFERS WAY
514900
3
2.1
2,559
DETACHD
5/8/2009
5502 KODERRA AVE
539900
4
2.1
3,058
DETACHD
5/8/2009
5948 BAY POINT DR
539950
4
2.1
2,421
DETACHD
5/6/2009
5525 RACHEL LN
542900
3
2.1
2,375
DETACHD
5/8/2009
17997 BRAEDEN CT
544900
3
2.1
2,142
DETACHD
5/8/2009
18020 JENIFERS WAY
546900
4
2.1
3,086
DETACHD
5/8/2009
17985 BRAEDEN CT
554900
3
2.1
2,559
DETACHD
5/8/2009
3061 WESTVIEW CT
560000
4
3
3,396
DETACHD
5/5/2009
5568 KODERRA AVE
566900
4
2.1
2,997
DETACHD
5/8/2009
16920 GREENTREE AVE
579000
4
2.1
2,830
DETACHD
5/10/2009
952 A AVE
599000
3
2
2,912
DETACHD
5/4/2009
5590 KODERRA AVE
599900
4
2.1
3,072
DETACHD
5/8/2009
11 CELLINI CT
599950
5
3
3,392
DETACHD
5/8/2009
2110 GREENTREE RD
879000
4
3.1
2,852
DETACHD
5/6/2009
2044 RIDGEWOOD RD
895500
4
2
2,466
DETACHD
5/8/2009
1224 TYNDALL CT
965000
5
3.1
4,157
DETACHD
5/6/2009
589 7TH ST
979000
4
3.1
4,382
DETACHD
5/9/2009
18026 SKYLAND CIR
1475000
5
3.1
4,134
DETACHD
5/9/2009
1835 PALISADES TERRACE DR
1899500
4
3
3,380
DETACHD
5/5/2009
PENDING SALES (May 4-May 10, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
List Price
# BR
# BTHS
Total SF
Prop Type
CDOM
44 EAGLE CREST DR
$124,950
1
1
798
CONDO
63
4 TOUCHSTONE
$134,900
3
2.1
1,350
CONDO
138
83 OSWEGO SMT
$179,000
2
2
1,140
CONDO
280
5831 SEVILLE AVE
$199,900
4
1
1,320
DETACHD
253
668 MCVEY AVE
$218,000
3
1.1
1,184
CONDO
61
1897 BOCA RATAN DR
$237,100
3
2.1
1,739
ATTACHD
24
925 IRON MOUNTAIN BLVD
$269,900
3
2
2,070
DETACHD
639
1716 HALLINAN ST
$369,500
3
3
1,916
DETACHD
28
108 RIDGEWAY RD
379000
3
1
1,468
DETACHD
493
1462 Worthington ST
424000
4
3
1,800
DETACHD
60
4070 WESTBAY RD
449996
3
2
1,828
DETACHD
6
17102 CAMPUS WAY
475000
4
3
2,621
DETACHD
56
1065 LUND ST
799000
5
3.1
4,584
DETACHD
78
1937 CHERYL CT
1225000
4
3.1
5,065
DETACHD
273
SOLD (May 4-May 10, 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
1961 SUMMIT DR
$1,180,000
$825,000
3
2.1
3,218
DETACHD
268
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.
We’re seeing activity at all phases and in all price ranges. Take a look at the spread- New listings, Pending sales, and Sold properties are coming in well represented from the lower to the higher ends of the price spectrum, and more higher-end homes are coming on the market. What we want to see is that “Sold” number start to climb, and this week we are at 8 of them, with 15 in Pending status, and 17 New properties coming on the market.
We’re also seeing that same trend continuing of properties achieving Pending status after only a week to 2 months, while the remainder of them are properties that have been on the market for 200 & 300+ days. Dianne and I both believe this is a “priced-right” signal, in that newer listings are priced to market demand, and more seasoned listings are finally at prices that meet the buyer where the buyer is comfortable.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (April 27—May 3, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
Address
List Price
# Beds
# Baths
Total SF
Prop Type
List Date
4000 CARMAN DR
$149,500
2
2
935
CONDO
4/28/2009
5051 FOOTHILLS DR
$209,900
2
2
991
CONDO
4/30/2009
4325 COUNTRY WOODS CT
$334,900
3
2
1,346
DETACHD
4/27/2009
1858 SOUTHSHORE BLVD
$449,900
4
2
1,762
DETACHD
4/27/2009
4070 WESTBAY RD
$449,996
3
2
1,828
DETACHD
5/1/2009
2 PIMLICO TER
$479,900
4
2.1
2,301
DETACHD
4/27/2009
17144 Warren CT
$529,000
4
2.1
2,725
DETACHD
4/27/2009
13500 TWIN CREEK LN
$572,500
4
2.1
3,049
DETACHD
5/2/2009
4076 Orchard DR
$719,000
4
3.1
3,991
DETACHD
4/30/2009
1785 PALISADES TERRACE DR
$960,000
5
4.1
5,052
DETACHD
5/1/2009
17814 MARYLCREEK DR
$985,000
4
3.1
4,307
DETACHD
5/1/2009
3940 Canal RD
$999,900
4
3.1
3,922
DETACHD
5/3/2009
900 FAIRWAY RD
$1,094,000
4
3.1
3,508
DETACHD
4/28/2009
2778 GLENMORRIE DR
$1,750,000
5
4.3
6,263
DETACHD
5/3/2009
3917 SOUTHSHORE BLVD
$2,390,000
3
4.1
3,975
DETACHD
5/1/2009
1719 LAKE FRONT RD
$3,888,850
4
5.1
5,251
DETACHD
5/3/2009
1901 PALISADES TERRACE DR
$5,950,000
5
4.1
7,284
DETACHD
4/27/2009
PENDING SALES (April 27-May 3, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
List Price
# Beds
# Baths
Total SF
Prop Type
List Date
CDOM
4000 CARMAN DR
$144,000
2
2
932
CONDO
4/19/2009
8
16446 INVERURIE RD
$259,900
3
1
2,100
DETACHD
1/21/2009
303
15450 SW KIMBALL CT
$260,000
4
1.1
1,104
DETACHD
10/4/2008
208
4724 SW FIRWOOD RD
$279,900
3
1.1
1,240
DETACHD
7/7/2008
296
2130 WEMBLEY PARK RD
$299,900
3
1.1
1,544
DETACHD
1/14/2009
280
6025 KENNY ST
$299,900
3
1.1
1,258
DETACHD
4/16/2009
11
605 COUNTRY CLUB RD
$399,900
4
2.1
3,422
DETACHD
3/28/2009
163
2 OTHELLO ST
$405,000
4
3
2,265
DETACHD
11/18/2008
166
2957 GLEN EAGLES RD
$429,900
4
3
3,288
DETACHD
2/3/2009
87
54 AQUINAS ST
$499,900
3
2.1
2,802
DETACHD
4/7/2009
25
569 6TH ST
$550,000
4
2
2,168
DETACHD
4/22/2009
359
5868 SUNCREEK DR
$659,000
4
2.1
3,174
DETACHD
2/23/2009
68
5392 SOUTHWOOD DR
$774,900
5
3
3,871
DETACHD
4/15/2009
14
3515 UPPER DR
$1,098,000
4
3.1
4,061
DETACHD
3/27/2009
275
18253 Siena DR
$1,197,950
5
4
4,281
DETACHD
4/11/2008
382
SOLD (April 27-May 3, 2009)
ADDRESS
ORIG. PRICE
SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
O/Price
Close Price
# Beds
# Baths
Total SF
Prop Type
List Date
CDOM
47 EAGLE CREST DR
$139,900
$130,000
2
1
947
CONDO
1/30/2009
56
3844 BOTTICELLI ST
$219,900
$219,373
2
2
1,132
CONDO
3/31/2009
5
17079 CHERRY CREST AVE
$430,000
$390,000
3
2.1
3,002
DETACHD
11/3/2008
154
1009 CUMBERLAND PL
$525,000
$395,000
4
3
2,294
DETACHD
11/12/2008
332
4676 WINTHROP CT
$639,900
$525,000
4
2.1
3,112
DETACHD
11/18/2008
172
5772 BAY CREEK DR
$599,000
$543,000
4
3
3,242
DETACHD
2/5/2009
58
14133 AMBERWOOD CIR
$850,000
$740,000
4
2.1
3,200
DETACHD
6/12/2008
278
18475 CRESTLINE DR
$1,548,500
$1,420,000
4
4.1
4,660
DETACHD
10/27/2008
148
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.
Last week brought us 20 genuinely new listings, 10 Pending sales, and 6 closed sales. It was a very slight up-tick in all 3 areas. Probably the normal activities associated with the spring market, but still well behind the spring sales of the last few years.
NEWLY LISTED (April 20—26, 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
47 EAGLE CREST DR
$137,500
2
1
932
CONDO
4/26/2009
65 OSWEGO SMT
$169,900
2
2
1,140
CONDO
4/23/2009
65 CHURCH ST
$179,900
2
1.1
1,040
CONDO
4/23/2009
4000 CARMAN DR
$179,900
2
2
1,100
CONDO
4/21/2009
578 S STATE ST
$209,500
2
1
914
CONDO
4/20/2009
17928 ROYAL CT
$299,900
3
2
1,272
DETACHD
4/22/2009
16266 LAKE FOREST BLVD
$374,999
3
2
1,860
DETACHD
4/20/2009
440 BOCA RATAN DR
$419,900
3
2
1,932
DETACHD
4/20/2009
14798 DAVIS LN
$424,900
3
2.1
1,670
ATTACHD
4/22/2009
2851 PARK RD
$429,950
4
2.1
2,674
DETACHD
4/20/2009
875 LEE ST
$499,900
3
2
2,442
DETACHD
4/23/2009
9 SW WESTMINSTER DR
$597,000
4
2.1
3,814
DETACHD
4/24/2009
13275 TWIN CREEK CT
$599,000
4
2.1
3,041
DETACHD
4/25/2009
5382 ROYAL OAKS DR
$600,000
4
2.1
2,970
DETACHD
4/21/2009
17950 MEADOWLARK LN
$665,000
5
3
2,710
DETACHD
4/21/2009
2814 VALE CT
$719,900
4
3
3,192
DETACHD
4/25/2009
14135 EDENBERRY DR
$799,900
4
2.1
3,174
DETACHD
4/24/2009
17512 GREENBLUFF DR
$1,074,900
4
4
3,777
DETACHD
4/21/2009
1901 CHERYL CT
$1,399,500
4
4.1
4,863
DETACHD
4/20/2009
13575 GOODALL RD
$1,599,000
4
4.1
4,271
DETACHD
4/26/2009
PENDING SALES (April 20-26, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
table >
Address
List Price
# BR
# BTHS
Total SF
Prop Type
CDOM
4 TOUCHSTONE
$93,000
2
2
979
CONDO
10
100 KERR PKWY
$132,500
2
1.1
823
CONDO
35
204 CERVANTES
$248,900
3
1.1
1,138
CONDO
79
925 IRON MOUNTAIN BLVD
$269,900
3
2
2,070
DETACHD
626
5054 FOOTHILLS DR
$278,500
2
2
1,312
CONDO
295
820 MCVEY AVE
$299,900
3
1.1
1,446
DETACHD
489
18601 WAXWING ST
$425,000
4
2
1,908
DETACHD
26
1699 VILLAGE PARK LN
$675,000
3
2.2
2,936
DETACHD
44
5868 SUNCREEK DR
$694,000
4
2.1
3,174
DETACHD
56
115 BERWICK RD
$998,000
4
3.1
4,000
DETACHD
39
SOLD (April 20-26, 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
6317 CARMAN DR
$275,000
$219,000
3
1.1
1,344
DETACHD
77
1043 HALLINAN ST
$499,900
$385,000
4
2.1
2,484
DETACHD
196
1265 ROCKINGHORSE LN
$499,900
$395,000
4
3
2,402
DETACHD
237
845 LAKE FOREST DR
$459,000
$399,000
3
1.1
1,359
DETACHD
68
17960 RIDGE LAKE DR
$720,000
$607,500
4
2.1
3,124
DETACHD
271
1667 VILLAGE PARK LN
$1,100,000
$845,000
6
3.1
4,743
DETACHD
279
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.
Well, the cherry trees are in full bloom, temps are in the 80’s, and real estate activity continues to move forward… a gradually enlivened, seasonal bustle.
Lake Oswego saw 22 new properties hit the market last week. We had 10 go pending, and 2 that closed. So, nothing earth shattering in the “sold” department, but encouraging nonetheless.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (April 13—19, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
Address
List Price
# Beds
# Baths
Tot. SF
Prop Type
List Date
100 SW KERR PKWY
$97,900
1
1
617
CONDO
4/13/2009
4000 CARMAN DR
$144,000
2
2
935
CONDO
4/19/2009
82 OSWEGO SMT
$234,900
2
2
1,212
CONDO
4/17/2009
1897 BOCA RATAN DR
$249,480
3
2.1
1,739
ATTACHD
4/13/2009
6025 KENNY ST
$299,900
3
1.1
1,258
DETACHD
4/16/2009
17683 NICOLE LN
$324,900
3
2
1,200
DETACHD
4/13/2009
16824 SW INVERURIE RD
$389,900
3
3
1,896
DETACHD
4/13/2009
3009 WEMBLEY PARK RD
$395,000
3
1.1
1,754
DETACHD
4/13/2009
18220 BICKEL CT
$399,000
3
3
2,075
DETACHD
4/18/2009
1023 LUND ST
$419,000
4
2.1
2,313
DETACHD
4/18/2009
68 TOUCHSTONE
349900 – 424880
5
4.1
3,148
DETACHD
4/14/2009
510 2nd ST
$439,000
2
1.2
1,520
CONDO
4/13/2009
19061 INDIAN SPRINGS RD
$479,900
4
3
2,341
DETACHD
4/16/2009
4920 MULHOLLAND DR
$555,000
3
2.1
2,498
ATTACHD
4/17/2009
15943 WHITE OAKS DR
$559,500
4
2.1
2,746
DETACHD
4/16/2009
4672 AUBURN LN
$575,000
3
3.1
2,732
ATTACHD
4/15/2009
4114 GLACIER LILY ST
$599,000
4
2.1
2,470
DETACHD
4/19/2009
5421 Bay Creek DR
$649,500
4
2.1
3,241
DETACHD
4/17/2009
133 FURNACE ST
$695,000
2
2.1
1,927
CONDO
4/16/2009
5392 SOUTHWOOD DR
$774,900
5
3
3,871
DETACHD
4/15/2009
301 IRON MOUNTAIN BLVD
$1,150,000
4
3.2
3,004
DETACHD
4/14/2009
19007 EASTSIDE RD
$1,390,000
4
3.1
4,651
DETACHD
4/14/2009
PENDING SALES (April 13-19, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
List Price
# Beds
Tot. Baths
Total SF
Prop Type
List Date
CDOM
13880 SUNDELEAF DR
$234,500
2
1
976
DETACHD
1/23/2009
84
1635 ASPEN ST
$319,900
3
2.1
1,618
DETACHD
3/24/2009
285
3 CELLINI CT
$449,000
4
2.1
2,531
DETACHD
1/19/2009
86
11 BECKET ST
$465,000
3
2.1
4,030
DETACHD
4/9/2009
111
80 TANGLEWOOD DR
$469,000
5
3
2,713
DETACHD
10/11/2008
371
855 7TH ST
$469,900
4
1
1,392
DETACHD
8/18/2008
240
13470 PETERS RD
$474,900
3
2.1
2,324
ATTACHD
4/1/2009
15
19431 KOKANEE CT
$529,000
4
2.1
2,250
DETACHD
4/9/2009
8
595 D AVE
625000
3
2
3,760
DETACHD
2/2/2009
309
1915 SW CHILDS RD
1594950
5
5.2
5,689
DETACHD
3/14/2008
397
SOLD (April 13-19, 2009)
ADDRESS
ORIG. PRICE
SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
O/Price
Close Price
# Beds
Tot. Baths
Total SF
Prop Type
CDOM
92 GALEN ST
$119,500
$100,500
1
1
689
CONDO
42
615 LAKE BAY CT
$669,900
$505,000
3
3
2,542
DETACHD
190
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.
It feels like the new listings are coming onto the market in a fairly consistent way with 15 to 20 new listings, not “refreshed” but actually new, each week. Last week we saw 16 new listings. There were 4 pending sales and 5 closed listings. I keep waiting to see evidence of the spring market kicking in. That would be reflected in an increase in both pending and closed sales. So far, it remains a bit sluggish. On the plus side, we have one pending sale at close to $1,000,000. The remainder of the pending and closed sales continue to favor the more moderately priced homes. I am also continuing to see that the cumulative days on the market continue to embrace both extremes. It seems like houses that were over-priced, and that have gradually bitten the bullet to bring the price down to a point where price meets market demand, are selling with very long market times. The other extreme are the new listings that are able to look at current market conditions, price realistically, and are selling in a very short period of time.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (April 6—April 12, 2009)
Address
List Price
# Beds
# Baths
Tot. SF
Prop Type
List Date
Address
List Price
# BR
# BTHS
Total SF
Prop Type
List Date
4 TOUCHSTONE
$93,000
2
2
979
CONDO
4/10/2009
3433 MCNARY PKWY
$169,900
2
2
1,008
CONDO
4/8/2009
18055 CENTRAL AVE
$299,000
2
2
1,202
DETACHD
4/10/2009
15256 BOONES WAY
$339,900
2
2.1
1,600
ATTACHD
4/12/2009
1716 HALLINAN ST
$369,500
3
3
1,916
DETACHD
4/10/2009
4105 DOUGLAS WAY
$384,900
7
2.1
2,856
DETACHD
4/12/2009
54 AQUINAS ST
$499,900
3
2.1
2,802
DETACHD
4/7/2009
6 NORTHVIEW CT
$525,000
4
3.1
3,188
DETACHD
4/10/2009
73 TANGLEWOOD DR
$539,000
4
3.1
3,576
DETACHD
4/9/2009
1025 C AVE
$549,000
3
2
2,261
DETACHD
4/7/2009
2925 ORCHARD HILL PL
$549,000
3
2.1
2,418
DETACHD
4/9/2009
4 DA VINCI ST
$599,950
5
3
3,100
DETACHD
4/6/2009
13456 PROVINCIAL HILL WAY
$639,900
3
2.1
2,771
DETACHD
4/6/2009
18402 ANDUIN TER
$699,995
5
3.1
4,302
DETACHD
4/6/2009
18025 SKYLAND CIR
$1,425,000
4
3.2
5,379
DETACHD
4/6/2009
616 CABANA LN
$2,795,000
5
4
3,800
DETACHD
4/6/2009
PENDING SALES (April 6—April 12, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQFT
PROP TYPE
DOM
Address
List Price
# BR
# BTHS
Total SF
Prop Type
CDOM
3190 DUNCAN DR
$259,900
3
2.1
2,401
DETACHD
115
17079 CHERRY CREST AVE
$430,000
3
2.1
3,002
DETACHD
154
615 LAKE BAY CT
$599,000
3
3
2,542
DETACHD
323
716 MCVEY AVE
$959,998
3
2
2,348
DETACHD
805
SOLD (April 6—April 12, 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
4640 LOWER DR
$189,900
$115,000
2
1.1
1,170
CONDO
572
127 OSWEGO SMT
$184,900
$179,595
2
2
1,212
CONDO
0
5063 FOOTHILLS DR
$230,000
$225,000
2
2
991
CONDO
8
16 PARTRIDGE LN
$418,900
$398,000
3
2.1
2,304
DETACHD
48
731 F AVE
$939,000
$605,000
4
2.1
2,668
DETACHD
327
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. CDOM stands for cumulative days on market, which includes any re-listing and measures from the initial listing date.
Well, the cherry trees are in full bloom, temps are in the 80’s, and real estate activity continues to move forward… a gradually enlivened, seasonal bustle.
It feels like the new listings are coming onto the market in a fairly consistent way with 15 to 20 new listings, not “refreshed” but actually new, each week. Last week we saw 16 new listings. There were 4 pending sales and 5 closed listings. I keep waiting to see evidence of the spring market kicking in. That would be reflected in an increase in both pending and closed sales. So far, it remains a bit sluggish. On the plus side, we have one pending sale at close to $1,000,000. The remainder of the pending and closed sales continue to favor the more moderately priced homes. I am also continuing to see that the cumulative days on the market continue to embrace both extremes. It seems like houses that were over-priced, and that have gradually bitten the bullet to bring the price down to a point where price meets market demand, are selling with very long market times. The other extreme are the new listings that are able to look at current market conditions, price realistically, and are selling in a very short period of time.