Tag: market

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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
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
LIST DATE
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
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
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 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
13915 SUNDELEAF DR $998,000 $895,000 4 3.1 4,090 DETACHD 10/1/2008 797

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.

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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
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
LIST DATE
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
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
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 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
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

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.

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What should I offer?

aressign1This is probably the single most common question that buyers universally ask. After all, you want to get the property for a fair price that is not too high, but you also have other concerns that you want to address. How do you frame the offer to cover all of your concerns?

The first step, in my opinion, is to have your Realtor prepare a market analysis for the neighborhood in which the home that you like is located. You want to know what other homes have sold for. The houses that are used should have sold as recently as possible, going no further back than 6 months. They also need to be as similar as possible in age, size, and condition. There will always be a bit of a range in the value. Houses that sell at the low end usually have issues with either condition or location. Houses at the high end are in top-notch condition with recent upgrades and remodeling. Then there is the average. An average home is clean and in nice condition but does not necessarily have completely new kitchens and baths, or perhaps has upgrades that are not high-end. The home you are considering: where does it fit in this range? Knowing what the neighborhood is selling for, and having an idea of where your prospective home fits in the range, will tell you what the market is proving to be the value for the home. This method allows you to know if a property is over priced or a smokin’ deal. You also want to take into consideration the market history on the property. If the house has been on the market for an extended period of time without dropping the price, then it is obviously over-priced and the seller will need to negotiate down to get it sold. If it’s been on the market a long time, but the current price is a recent and large reduction, perhaps the seller has already come down enough to have the house at a fair-market value. And a house that is newly listed is less likely to take a dramatically lower offer. I believe the best way to estimate value is to take the time to do the market analysis. It will tell you what the house is worth in the current economic climate.

My next advice to a buyer is to decide what is important to them, price or terms. If getting the house for the absolutely best price possible is the priority, then make the offer clean in other areas. Sure, come in 10% below the list price but don’t ask for new carpeting, a closing date after your son graduates from High School next spring, and not subject to the sale of your current home. If you come in low and then ask for the moon, most sellers will get mad and reject your offer. On the other hand, if you really do need to make your offer subject to the sale of your current home, then to get a seller to work with you, you are going to need to be more generous on price. I do believe that most sellers expect to negotiate and when presented with a reasonable offer will respond in kind and try to make a deal work. But do decide if your priority is price or terms and then frame your offer to accomplish your priority.

I also feel that before a buyer can make an offer, he or she needs to see enough homes to develop a sense for value. What does a $300,000 house look like? When you see enough of them, you start to get a feeling for the market and sense for value. You can tell when a house is in better than average condition and yet priced the same as the ones that are a mess. That is a good deal. That is the best way to buy. I think it takes looking at about 20 houses for a buyer to develop a good sense for value.

Also, make sure that you are working with a Realtor who knows the neighborhood. Homes in Beaverton sell under different circumstances than homes in North Portland. You need to be aware how individual areas of town are selling. And even within Lake Oswego there are high-demand locations that sell for more money and more quickly because of their location.

Your home is likely the largest purchase you will ever make. You want to buy the home that you love, but you also want to make a sound investment, and the first step is making the right offer.

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Lake Oswego Real Estate Activity – November 24-30, 2008

Market activity typically slows down during the holidays and last weeks stats certainly reflect this.  Having said this, it is good to see that the market does have some activity.  7 new listings, 4 pendings and 4 closed sales happened last week.  While the market is slower, it is still very much happening.

NEWLY LISTED (November 24 —November 30, 2008)

ADDRESS
LIST PRICE
# BEDS
# BATHS
TOT. SQ FT
 PROP TYPE
LIST DATE
3433 MCNARY PKWY
$214,900
2
2
1,008
 CONDO
11/27/08
3834 BOTTICELLI ST
$224,900
2
2
1,055
 ATTACHD
11/24/08
600 TIPPECANOE CT
$439,800
3
2
1,812
 DETACHD
11/24/08
1189 SUNNINGDALE CT
$724,000
3
2
2,056
 DETACHD
11/26/08
51 HILLSHIRE DR
$849,900
3
2.2
4,306
 DETACHD
11/25/08
1667 VILLAGE PARK LN
$899,900
6
3.1
4,743
 DETACHD
11/24/08
1055 COUNTRY CLUB RD
$1,000,000
3
2
2,804
 DETACHD
11/24/08

PENDING SALES (November 24 —November 30, 2008)

ADDRESS
LIST PRICE
# BEDS
# BATHS
TOT. SQ FT
 PROP TYPE
DOM
668 McVey AVE
$144,850
0
1
485
 CONDO
740
455 10TH ST
$473,950
2
2
2,284
 DETACHD
180
17561 SHEPHERDS CT
$675,000
4
2.1
3,011
 DETACHD
287
13010 KNAUS RD
$1,249,500
4
3.1
4,312
 DETACHD
737

SOLD (November 17—November 23, 2008)

ADDRESS ORIG. PRICE SALE PRICE
# BEDS
# BATHS
TOT. SQ FT
 PROP TYPE
DOM
4644 LOWER DR
$136,900
$129,000
2
1.1
1,170
 CONDO
30
4000 CARMAN DR
$149,900
$135,000
2
2
869
 CONDO
22
2435 PARK RD
$749,990
$480,000
4
3
2,940
 DETACHD
302
16 NORTHVIEW CT
$599,900
$495,000
4
3.1
2,962
 ATTACHD
419

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.

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Lake Oswego Real Estate Market Activity – November 17-23, 2008

Real estate activity is chugging right along in Lake Oswego this month.

New properties hitting the market during this last week total 31. 24 are detached, single family residences.  Of those 24, the ones listing for under $500,000. total 9.

Sold properties this last week total 9.  6 are detached, single family residences.  Of those 6, the ones selling for under $500,000. total 4.

We have 3 properties pending sale, and will just have to hold our horses to see how those “sold” prices come in.

Check it out:

NEWLY LISTED (November 17 —November 23, 2008)

ADDRESS
LIST PRICE
# BEDS
# BATHS
TOT. SQ FT
 PROP TYPE
LIST DATE
44 EAGLE CREST DR
$134,900
1
1
798
 CONDO
11/17
47 EAGLE CREST DR
$149,900
2
1
932
 CONDO
11/18
15938 QUARRY RD
$167,400
2
1
991
 CONDO
11/20
16790 LAKE FOREST BLVD
$199,900
2
1
780
 DETACHD
11/16
3876 BOTTICELLI ST
$199,900
2
2
1,286
 CONDO
11/18
12846 SW BOONES FERRY RD
$249,000
2
2.1
1,136
 CONDO
11/16
5063 FOOTHILLS DR
$259,000
2
2
1,031
 CONDO
11/16
5235 OAKRIDGE RD
$324,900
3
2.1
1,576
 DETACHD
11/17
5354 LOWER DR
$339,000
3
1
1,565
 DETACHD
11/18
18530 PILKINGTON RD
$339,000
4
2
1,925
 DETACHD
11/17
4051 VIRGINIA WAY
$389,500
3
2.1
1,658
 DETACHD
11/18
6109 SUMMER WOODS
$449,000
4
2.1
2,331
 DETACHD
11/18
1307 CEDAR ST
$459,900
4
3
2,054
 DETACHD
11/18
785 5TH ST
$480,000
3
2
2,208
 DETACHD
11/17
805 COUNTRY CLUB RD
$489,900
5
2
2,722
 DETACHD
11/16
1921 PARK FOREST CT
$529,000
3
2.1
2,531
 DETACHD
11/20
4676 WINTHROP CT
$599,900
4
2.1
3,112
 DETACHD
11/17
17784 TREETOP LN
$599,900
4
3
3,468
 DETACHD
11/17
4691 SW HERITAGE LN
$639,900
4
2.1
2,888
 DETACHD
11/20
18212 INDIAN CREEK DR
$649,000
4
2.1
2,313
 DETACHD
11/18
30 WILBUR ST
$679,000
2
2.1
2,664
 ATTACHD
11/17
19285 SW Megly CT
$699,900
4
2.1
2,587
 DETACHD
11/17
14204 KIMBERLY CIR
$700,000
3
3.1
2,900
 DETACHD
11/21
19263 SW Megly CT
$749,900
4
2.1
2,743
 DETACHD
11/17
2545 DELLWOOD DR
$779,000
5
3.1
3,843
 DETACHD
11/17
19245 SW Megly CT
$789,900
4
2.1
2,884
 DETACHD
11/17
19266 SW Megly CT
$789,900
4
2.1
3,025
 DETACHD
11/16
5435 WASHINGTON CT
$849,900
4
3.1
3,323
 DETACHD
11/18
1250 Andrews RD
$849,900
4
2.1
3,137
 DETACHD
11/20
17649 WOODHURST PL
$899,000
5
4.1
5,793
 DETACHD
11/16
3136 DOUGLAS CIR
$1,289,000
4
3.1
4,022
 DETACHD
11/20

PENDING SALES (November 17 —November 23, 2008)

ADDRESS
LIST PRICE
# BEDS
# BATHS
TOT. SQ FT
 PROP TYPE
DOM
68 WHEATHERSTONE CT
$325,000
4
3.1
2,465
 CONDO
299
17079 CHERRY CREST AVE
$469,000
3
2.1
3,002
 DETACHD
17
2057 SUMMIT DR
$998,000
4
3.1
4,396
 DETACHD
522

SOLD (November 9 —November 16, 2008)

ADDRESS ORIG. PRICE SALE PRICE
# BEDS
# BATHS
TOT. SQ FT
 PROP TYPE
DOM
3680 SPRING LN
$199,900
$187,000
2
2.1
1,152
 CONDO
220
595 6TH ST
$314,800
$257,050
3
1
1,520
 DETACHD
40
22 CONDOLEA DR
$339,900
$275,000
2
2
1,454
 CONDO
36
2870 PARK RD
$379,900
$396,000
4
2.1
2,380
 DETACHD
4
20 El Greco
$549,000
$420,000
4
3
2,425
 DETACHD
354
13340 AUBURN CT
$589,000
$485,000
3
2.1
2,451
 ATTACHD
222
1012 ANDREWS RD
$590,800
$495,000
3
2
2,246
 DETACHD
133
17760 LAKE HAVEN DR
$1,169,000
$800,000
4
2.1
2,051
 DETACHD
224
4256 LAKEVIEW BLVD
$1,295,000
$950,000
3
3.1
3,117
 DETACHD
436

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.

Posted on

Lake Oswego Real Estate Market Activity – November 3-6, 2008

Things cooled off a bit, as expected, from the torrid sales report we saw a week ago.
About 13 homes went under contract or closed escrow last week.

Here is the weekly list showing Lake Oswego real estate market activity (see below the tables for additional notes):

NEWLY LISTED (November 3—November 6, 2008)

ADDRESS
LIST PRICE
# BEDS
# BATHS
TOT. SQ FT
 PROP TYPE
LIST DATE
58 GALEN ST
$133,000
1
1
689
CONDO
11/5
86 KINGSGATE RD
$146,900
2
2
849
CONDO
11/2
668 MCVEY AVE
$219,998
2
1
852
CONDO
11/3
5059 FOOTHILLS DR
$259,000
2
2
1,031
CONDO
11/4
152 RIDGEWAY RD
$299,900
2
1.1
1,794
CONDO
11/5
3 THE GROTTO
$300,000
3
2
1,688
DETACHD
11/4
5096 SW TREE ST
$334,900
3
1.1
1,410
DETACHD
11/3
5254 TIMBERGROVE ST
$374,500
4
2
1,854
DETACHD
11/4
4 BRITTEN CT
$429,000
3
2.1
1,972
ATTACHD
11/3
4 OTHELLO ST
$434,900
4
3
2,184
DETACHD
11/4
5221 ROSEWOOD ST
$435,000
3
2.1
2,226
DETACHD
11/2
17079 CHERRY CREST AVE
$469,000
3
2.1
3,002
DETACHD
11/2
17095 REBECCA LN
$499,900
3
2.1
2,258
DETACHD
11/5
17071 REBECCA LN
$504,950
4
3
2,256
DETACHD
11/5
17088 REBECCA LN
$554,900
4
2
2,507
DETACHD
11/4
12974 KNAUS RD
$599,000
3
3.1
3,792
DETACHD
11/3
668 MCVEY AVE
$599,998
3
1.1
992
CONDO
11/6
13275 TWIN CREEK CT
$639,000
4
2.1
3,041
DETACHD
11/7
1670 PINE ST
$679,987
4
3.1
3,286
DETACHD
11/4
12611 BOONES FERRY RD
$749,900
5
3.1
4,042
DETACHD
11/5
17175 KELOK RD
$929,000
3
3
2,002
DETACHD
11/3
17370 CANYON DR
$949,000
4
3.1
3,408
DETACHD
11/3
2811 ARROWHEAD CT
$1,650,000
4
3.1
3,740
DETACHD
11/8
13200 THOMA RD
$2,232,500
5
5.2
7,648
DETACHD
11/3

PENDING SALES (November 3—November 6, 2008)

ADDRESS
LIST PRICE
# BEDS
# BATHS
TOT. SQ FT
 PROP TYPE
DOM
60 GALEN ST
$116,000
1
1
550
CONDO
89
4000 CARMAN DR
$149,900
2
2
869
CONDO
22
245 CERVANTES
$177,650
2
2
1,292
ATTACHD
78
17570 SW MARDEE AVE
$284,950
3
1
1,050
DETACHD
194
1725 FERNWOOD DR
$429,000
4
2.5
1,580
DETACHD
436
4967 SUNTREE LN
$430,000
3
2.1
1,915
DETACHD
107
4378 ALBERT CIR
$824,900
3
3
3,735
DETACHD
263
16545 MAPLE CIR
$949,900
3
2.1
3,100
DETACHD
9

SOLD (October 27—November 2, 2008)

ADDRESS ORIG. PRICE SALE PRICE
# BEDS
# BATHS
TOT. SQ FT
 PROP TYPE
DOM
535 2ND ST
$425,600
$425,600
2
2
1,120
CONDO
452
18936 BRYANT RD
$1,082,000
$750,000
4
4
4,100
DETACHD
875
14381 FOSBERG RD
$1,199,000
$1,100,000
4
3.1
4,900
DETACHD
46
581 2ND ST
$1,395,000
$1,325,000
2
2.1
2,147
CONDO
484
17459 WREN CT
$1,369,000
$1,330,000
4
4
4,366
DETACHD
65

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.

Posted on

Lake Oswego Real Estate Market Activity – October 27-November 2, 2008

Whoa&#0133Market activity in Lake Oswego finished October with a flurry of closed sales.

Eighteen home sales grace the report this week, including a number of condo sales in the 555 2nd St. project in First Addition and a bunch in Westlake neighborhood, too.

Here is the weekly list showing Lake Oswego real estate market activity (see below the tables for additional notes):

NEWLY LISTED (October 27—November 2, 2008)

ADDRESS
LIST PRICE
# BEDS
# BATHS
TOT. SQ FT
 PROP TYPE
LIST DATE
4000 CARMAN DR
$144,000
1
1
767
CONDO
10/30
4 SW TOUCHSTONE DR
$199,900
3
2.1
1,350
CONDO
10/27
450 S STATE ST
$200,000
2
1
800
CONDO
11/2
668 MCVEY AVE
$269,000
1
1
626
CONDO
10/30
30 CONDOLEA DR
$319,900
2
2
1,420
ATTACHD
10/31
4458 THUNDER VISTA LN
$329,500
3
2.1
2,200
CONDO
10/29
4451 BERNARD ST
$349,950
4
2
1,800
DETACHD
10/29
1640 WORTHINGTON ST
$359,900
4
3
2,342
DETACHD
10/28
56 GREENRIDGE CT
$365,000
3
2.1
1,996
ATTACHD
11/2
18959 KRISTI WAY
$384,900
3
2
1,778
DETACHD
10/30
4760 LOWER DR
$419,500
4
3
3,252
DETACHD
10/27
5415 BAY CREEK DR
$599,950
3
2.1
2,827
DETACHD
10/31
13176 SANDALWOOD CT
$639,900
4
2.1
2,982
DETACHD
10/31
18116 PIONEER CT
$689,900
5
3
3,500
DETACHD
11/1
4043 ORCHARD DR
$699,000
4
2.1
3,339
DETACHD
10/31
4079 COLTSFOOT LN
$719,133
5
4
3,308
DETACHD
10/31
8 GARIBALDI ST
$765,000
4
3
3,850
DETACHD
10/31
14101 REDWOOD CT
$824,900
3
3.2
2,629
DETACHD
10/28
17606 WOODHURST PL
$949,000
5
3.1
4,488
DETACHD
10/28
16545 MAPLE CIR
$949,900
3
2.1
3,100
DETACHD
10/27
18475 CRESTLINE DR
$1,548,500
4
4.1
4,660
DETACHD
10/27
17951 MEADOWLARK LN
$1,549,000
4
3.2
5,065
DETACHD
10/29

PENDING SALES (October 27—November 2, 2008)

ADDRESS
LIST PRICE
# BEDS
# BATHS
TOT. SQ FT
 PROP TYPE
DOM
595 6TH ST
$314,800
3
1
1,520
DETACHD
40
642 EVERGREEN RD
$354,900
2
1
800
DETACHD
201
4292 GALEWOOD ST
$414,900
3
2.1
1,644
DETACHD
77
1130 LAUREL ST
$439,000
4
2
2,800
DETACHD
86

SOLD (October 20—October 26, 2008)

ADDRESS ORIG. PRICE SALE PRICE
# BEDS
# BATHS
TOT. SQ FT
 PROP TYPE
DOM
44 EAGLE CREST DR
$150,000
$148,000
2
1
908
CONDO
266
1764 CONIFER DR
$319,000
$305,000
3
1
1,200
DETACHD
82
14588 WILMOT WAY
$429,900
$405,000
4
3
2,238
DETACHD
34
525 2ND ST
$425,600
$425,600
2
2
1,120
CONDO
454
14300 CAMDEN LN
$550,000
$465,000
4
2.1
2,346
DETACHD
162
17162 WARREN CT
$532,500
$497,000
4
2.1
2,231
DETACHD
126
537 2ND ST
$516,800
$519,185
2
2
1,292
CONDO
201
112 D AVE
$612,900
$549,000
2
2.1
1,741
ATTACHD
253
1545 CLOVERLEAF RD
$568,840
$565,000
4
3.1
2,723
DETACHD
13
13984 CHELSEA DR
$715,000
$675,000
4
2.1
3,187
DETACHD
16
4118 GLACIER LILY ST
$888,000
$757,000
4
3.1
4,452
DETACHD
174
13719 ROGERS RD
$869,000
$800,000
4
2.1
3,204
DETACHD
28
543 2ND ST
$789,960
$826,399
2
2.1
1,816
CONDO
238
545 2ND ST
$797,355
$827,355
2
2.1
1,833
CONDO
91
565 2ND ST
$832,200
$832,200
2
2.1
1,752
CONDO
513
1420 MORNING SKY CT
$989,000
$885,000
4
3.1
3,578
DETACHD
50
2080 RIDGE POINTE DR
$1,200,000
$1,030,000
5
4
4,587
DETACHD
188
16852 ALDER CIR
$1,950,000
$1,730,000
4
3.1
2,873
DETACHD
41

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.

Posted on

Lake Oswego Real Estate Activity – October 20-26, 2008

While we aren’t seeing an epidemic in Lake Oswego, a couple short sales appear in this week’s list of newly listed properties. Short sales occur when the homeowner must sell, but owes more on the mortgage than the current market value will bear. These transactions can be tricky for both home seller and buyer.

Here is the weekly list showing Lake Oswego real estate market activity (see below the tables for additional notes):

NEWLY LISTED (October 20—October 26, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
LIST DATE
17 CRESTFIELD CT
$95,000
2
1
923
CONDO
10/22
15938 QUARRY RD
$164,500
2
1
991
CONDO
10/21
578 S STATE ST
$219,900
2
1
914
CONDO
10/22
16535 ROOSEVELT AVE
$299,000
4
2
1,495
DETACHD
10/19
68 WHEATHERSTONE CT
$325,000
4
3.1
2,465
CONDO
10/22
15255 BOONES WAY
$359,900
3
2.1
1,556
ATTACHD
10/19
4470 CHAPMAN WAY
$380,000
3
3
2,125
DETACHD
10/19
14300 SHERBROOK PL
$380,000
3
2.1
1,924
DETACHD
10/21
5973 KENNYCROFT WAY
$387,900
3
1.1
1,202
DETACHD
10/20
16964 MAPLE CIR
$449,000
2
1
744
DETACHD
10/21
353 ASH ST
$499,900
3
3.1
2,765
DETACHD
10/22
17144 WARREN CT
$547,000
4
2.1
2,725
DETACHD
10/21
17083 FERNWOOD DR
$615,000
5
3
2,868
DETACHD
10/21
605 SW Country Club RD
$624,900
5
2.1
3,170
DETACHD
10/25
13873 MELROSE PL
$669,000
4
3.1
5,294
DETACHD
10/22
18402 ANDUIN TER
$699,995
5
3.1
4,302
DETACHD
10/22
878 10TH ST
$714,000
2
2
1,380
DETACHD
10/19
17388 CEDAR RD
$994,500
2
1
2,134
DETACHD
10/19
18094 PILKINGTON — Lot 16 RD
$999,000
4
2.1
4,000
DETACHD
10/22
104 3RD ST
$1,050,000
2
2
1,151
DETACHD
10/24
17860 CRESTLINE DR
$3,300,000
4
5.2
6,810
DETACHD
10/20

PENDING SALES (October 20 —October 26, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
22 CONDOLEA DR
$329,900
2
2
1,454
CONDO
36
12251 ORCHARD HILL RD
$389,500
3
2
1,868
DETACHD
19
13036 SIERRA CT
$509,000
3
2
2,096
DETACHD
104
2435 PARK RD
$524,900
4
3
2,940
DETACHD
302
1012 ANDREWS RD
$530,000
3
2
2,246
DETACHD
133
17 CELLINI CT
$550,000
5
3.1
3,113
DETACHD
170
17760 LAKE HAVEN DR
$899,999
4
2.1
2,051
DETACHD
224

SOLD (October 13—October 19, 2008)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
4 TOUCHSTONE
$135,900
$93,000
2
2
984
CONDO
135
39 ORIOLE LN
$345,000
$295,000
2
1.1
1,310
DETACHD
206
16990 LOWER MEADOWS DR
$515,000
$367,500
3
2.1
2,000
DETACHD
600
2600 BREE CT
$500,000
$385,000
4
2.1
2,895
DETACHD
193
5475 Willow Court
$509,000
$450,000
3
2.1
2,438
ATTACHD
2811 PARK RD
$625,000
$525,000
4
2.1
2,248
DETACHD
91
539 2ND ST
$874,000
$543,600
2
2
1,339
CONDO
532
12986 KNAUS RD
$849,900
$580,000
4
4
3,202
DETACHD
526

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.

Posted on

Lake Oswego Real Estate Activity – October 13-19, 2008

More properties opened or closed escrow last week than entered the market as new listings. Here is your weekly fix of Lake Oswego real estate market activity (see below the tables for additional notes):

NEWLY LISTED (October 13—October 19, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
LIST DATE
47 EAGLE CREST DR
$105,000
1
1
672
CONDO
10/17
4000 CARMAN DR
$149,900
2
2
870
CONDO
10/15
36 CERVANTES CIR
$189,000
2
1.1
912
CONDO
10/14
3433 MCNARY PARKWAY
$189,900
2
2.1
1,208
CONDO
10/12
195 OSWEGO SMT
$279,900
2
2
1,506
CONDO
10/16
4320 SUNSET DR
$310,000
3
1.1
1,399
DETACHD
10/15
18728 KRISTI WAY
$315,000
3
1
1,095
DETACHD
10/14
4211 WOODSIDE CIR
$325,000
3
2
1,688
CONDO
10/13
4861 LAMONT WAY
$339,900
3
2
1,440
DETACHD
10/14
1685 MAPLELEAF RD
$365,000
3
2
1,433
DETACHD
10/12
1685 CLOVERLEAF RD
$369,000
3
2.1
1,722
DETACHD
10/14
16006 KIMBALL AVE
$465,000
3
2
1,800
RES-MFG
10/12
684 2ND ST
$574,056
3
2.1
1,406
ATTACHD
10/12
696 2ND ST
$588,336
3
2.1
1,473
ATTACHD
10/12
3254 DUNCAN DR
$624,900
5
3.1
3,997
DETACHD
10/14
4691 CHELSEA LN
$629,900
4
2.1
3,102
DETACHD
10/15
672 2ND ST
$714,000
3
2.1
1,779
ATTACHD
10/12
401 ASH ST
$825,000
5
4
5,320
DETACHD
10/12
17177 OLD RIVER DR
$1,050,000
3
3.1
3,129
DETACHD
10/16
1913 CHERYL CT
$1,499,900
4
4.1
5,791
DETACHD
10/18

PENDING SALES (October 13—October 19, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
595 6TH ST
$314,800
3
1
1,520
DETACHD
24
2870 PARK RD
$379,900
4
2.1
2,380
DETACHD
4
5562 ROYAL OAKS DR.
$494,500
4
2.1
2,342
DETACHD
229
13340 AUBURN CT
$495,000
3
2.1
2,451
ATTACHD
222
16 NORTHVIEW CT
$550,000
4
3.1
2,962
ATTACHD
419
1837 CEDAR CT
$599,900
5
3
2,625
DETACHD
250
5698 LA MESA CT
$619,900
4
2.1
2,652
DETACHD
114
4076 COLTSFOOT LN
$622,000
4
3.1
3,882
DETACHD
126
4064 ORCHARD DR
$699,900
4
2.1
3,600
DETACHD
362
5384 Washington CT
$769,900
4
3.1
3,246
DETACHD
415
2680 GLEN EAGLES RD
$999,000
3
3
3,000
DETACHD
405
13701 SW KNAUS RD
$1,199,000
5
4.1
5,730
DETACHD
219

SOLD (October 6—October 13, 2008)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
86 KINGSGATE RD
$185,000
$155,000
2
2
938
CONDO
127
86 KINGSGATE RD
$179,900
$171,500
2
2
924
CONDO
60
5225 JEAN RD
$239,900
$232,000
3
2
1,500
CONDO
6
8 BRITTEN CT
$265,000
$240,000
2
2
1,175
ATTACHD
86
28 GREENRIDGE CT
$294,499
$267,000
2
1.1
1,900
ATTACHD
122
2751 SUMMIT DR
$565,900
$389,900
3
2
2,278
DETACHD
396
1123 ERICKSON ST
$620,000
$460,000
4
3
2,893
DETACHD
166
107 3RD ST
$495,000
$470,000
3
2
1,204
CONDO
29
10 GROUSE TER
$528,900
$520,000
4
3.1
3,462
DETACHD
46
17577 BLUE HERON CT
$549,000
$522,438
5
3
2,980
DETACHD
132
858 10TH ST
$639,000
$623,000
3
2.1
2,205
DETACHD
95
5853 SOUTHWOOD DR
$789,900
$630,000
5
2.1
3,707
DETACHD
314
5647 BAY CREEK DR
$665,000
$640,000
5
2.1
3,000
DETACHD
15
14027 CHELSEA DR
$799,000
$660,000
4
2.1
3,092
DETACHD
301
5287 LANGFORD LN
$799,500
$715,000
3
2.1
2,951
DETACHD
452

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.

Posted on

Lake Oswego Real Estate Activity – October 6-12, 2008

Sellers beware. This week’s SOLD properties averaged nearly 20% price discounts from their original list price and 160 days on market.

Some of them appear to have had hugely inflated seller expectations initially. To be sure, every situation has its own story, but a strong pricing strategy makes a huge difference in buyer perception and ultimately, market time.

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

NEWLY LISTED (October 5—October 12, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
LIST DATE
65 GALEN ST
$135,000
1
1
689
CONDO
10/7
47 EAGLE CREST DR
$149,900
2
1
932
CONDO
10/7
44 EAGLE CREST DR
$154,900
3
2
1,085
CONDO
10/7
86 KINGSGATE RD
$164,900
2
2
849
CONDO
10/10
12868 BOONES FERRY RD
$349,900
2
2.1
1,136
ATTACHD
10/6
6 SUMMIT RIDGE CT
$375,000
2
2.1
1,750
ATTACHD
10/5
12251 ORCHARD HILL RD
$389,500
3
2
1,868
DETACHD
10/5
4051 VIRGINIA WAY
$445,000
4
2.1
1,658
DETACHD
10/7
5869 RIDGETOP CT
$580,000
3
2.1
3,080
DETACHD
10/10
1921 PARK FOREST CT
$624,900
4
2.1
2,531
DETACHD
10/11
13581 GOODALL RD
$650,000
3
2
1,220
DETACHD
10/9
5441 DENTON DR
$650,000
4
2.1
3,335
DETACHD
10/5
3886 TAMARACK LN
$699,900
4
3.1
4,010
DETACHD
10/5
15939 TWIN FIR RD
$799,000
3
2
2,480
DETACHD
10/9
840 Evergreen RD
$875,000
4
2.1
2,765
DETACHD
10/5
17644 WOODHURST PL
$880,000
4
2.1
4,539
DETACHD
10/8
15847 SPRINGBROOK CT
$938,000
3
3
2,705
DETACHD
10/5
610 9TH ST
$1,225,000
4
3.1
3,690
DETACHD
10/6
657 OAK MEADOW DR.
$1,395,000
4
3.1
4,371
DETACHD
10/7

PENDING SALES (October 6—October 12, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
4644 LOWER DR
$129,900
2
1.1
1,170
CONDO
30
44 EAGLE CREST DR
$150,000
2
1
908
CONDO
266
3836 BOTTICELLI ST
$175,000
2
2
1,055
CONDO
344
4087 JEFFERSON PKWY
$225,000
2
2.1
1,851
ATTACHD
176
18951 ARROWWOOD AVE
$339,000
3
1.1
1,384
DETACHD
3
5456 Willow Court
$429,000
3
2.1
2,400
ATTACHD
17845 HILLSIDE WAY
$579,500
5
3
2,820
DETACHD
263
801 NORTHSHORE RD
$879,900
4
3
2,144
DETACHD
6

SOLD (September 29—October 5, 2008)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
6882 MONTAUK CIR
$157,000
$157,000
2
1
924
CONDO
23
200 BURNHAM RD
$369,850
$250,000
2
2
1,334
CONDO
28
5829 SW BENFIELD CT
$347,800
$289,750
5
2.1
1,744
DETACHD
115
820 BOCA RATAN DR
$464,900
$321,000
3
3.1
2,220
DETACHD
10
5207 ROSEWOOD ST
$399,900
$347,000
3
2
1,438
DETACHD
119
17239 REBECCA LN
$414,900
$389,100
4
2.1
1,970
DETACHD
292
1790 YARMOUTH CIR
$499,000
$400,000
2
2
1,551
DETACHD
135
18281 WOOD THRUSH CIR
$448,500
$439,900
4
2.1
2,296
DETACHD
102
4729 CAMBRIDGE CT
$648,000
$500,000
2
2.1
3,056
ATTACHD
140
13300 FOX RUN
$700,000
$665,000
4
2.1
2,954
DETACHD
38
5413 LANGFORD LN
$879,000
$715,000
3
2.1
2,891
DETACHD
520
17257 BRYANT RD
$1,550,000
$1,125,000
5
3.2
4,789
DETACHD
381

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.