The real estate market is really heating up. Buyers are out in hordes wanting to take advantage of the lowest interest rates in decades. They have gotten themselves pre-approved and are ready to go. The issue is, inventory is incredibly low. For every property that comes on the market, there are half a dozen buyers ready to buy. The result? Houses are selling fast, often with multiple offers. It is very much a sellers market. With multiple offers houses are frequently selling at or over the list price. So yes, this late winter and spring market truly is an amazing time to sell your house.
In Lake Oswego last week we had 6 properties come onto the market, 12 move into pending status with an accepted offer, and 16 closed sales.
See below for RMLS data and an explanation of this chart.
New on the Market Jan 18-24, 2021
| Address | Type | Price | BR | Baths | Sq Ft |
| 16250 Pacific Hwy #59 | Condo | $319,000 | 2 | 2 | 1305 |
| 2574 Palisades Crest Dr | Detached | $975,000 | 4 | 2.5+.5 | 4563 |
| 17311 Canyon Dr | Detached | $1,099,500 | 6 | 3 | 5376 |
| 667 Lake Bay Ct | Detached | $1,899,900 | 4 | 3.5 | 3616 |
| 1340 Cherry Ln | Detached | $2,145,000 | 4 | 4.5+.5 | 5922 |
| 16470 Phantom Bluff Ct | Detached | $2,695,000 | 4 | 4.5 | 5188 |
Pending sales Jan 18-24, 2021
| Address | Type | Price | BR | Baths | Sq Ft | CDOM |
| 5225 Jean Rd #510 | Condo | $305,000 | 2 | 2 | 1100 | 5 |
| 456 5th St | Condo | $450,000 | 2 | 1.5 | 1092 | 1 |
| 1238 Laurel St | Detached | $524,900 | 3 | 2 | 1485 | 2 |
| 1920 Southshore Blvd | Detached | $569,900 | 3 | 2 | 1313 | 8 |
| 6126 Frost Ln | Detached | $749,000 | 5 | 3 | 2497 | 9 |
| 4264 West Bay Rd | Detached | $799,000 | 3 | 2 | 1308 | 2 |
| 4850 Lower Dr | Detached | $825,000 | 4 | 3 | 2700 | 11 |
| 2145 Summit Dr | Detached | $1,000,000 | 4 | 2.5+.5 | 3111 | 48 |
| 975 Schukart Ln | Detached | $1,198,000 | 4 | 2.5 | 4449 | 350 |
| 16234 Waluga Dr | Detached | $1,349,000 | 5 | 3.5 | 3130 | 86 |
| 701 4th St | Detached | $1,450,000 | 3 | 2.5 | 2786 | 43 |
| 3735 Upper Dr | Detached | $2,000,000 | 4 | 4 | 4056 | 137 |
Closed/Sold Jan 18-24, 2021
| Address | Type | List Price | Sold Price | Sq Ft | CDOM |
| 42 Cervantes Circle | Condo | $189,000 | $185,000 | 912 | 4 |
| 7200 Montauk Circle | Condo | $219,900 | $228,000 | 968 | 3 |
| 47 Eagle Crest Dr #62 | Condo | $249,000 | $233,000 | 1026 | 77 |
| 668 McVey Ave #85 | Condo | $274,900 | $290,000 | 992 | 4 |
| 4047 Jefferson Pkwy | Condo | $330,000 | $346,000 | 1228 | 1 |
| 27 Bloch Terr | Attached | $425,000 | $442,000 | 1972 | 3 |
| 15012 Twin Fir Rd | Detached | $599,900 | $610,000 | 3372 | |
| 18861 Indian Springs Circle | Detached | $635,000 | $645,000 | 1649 | 2 |
| 17012 Crestview Dr | Detached | $699,000 | $699,000 | 2750 | 4 |
| 5228 Lower Dr | Detached | $850,000 | $839,950 | 2723 | 101 |
| 802 Clara Ct | Detached | $850,000 | $875,000 | 2886 | 3 |
| 3000 Brookside Rd | Detached | $999,950 | $950,000 | 1600 | 50 |
| 6 Essex Ct | Detached | $998,000 | $998,000 | 4338 | 42 |
| 5055 Lakeview Blvd | Detached | $1,298,000 | $1,245,000 | 3607 | 28 |
| 1200 Lake Garden Ct | Detached | $1,400,000 | $1,400,000 | 3347 | 16 |
| 3509 Lanewood St | Detached | $1,799,000 | $1,790,900 | 3830 | 114 |
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.
