Lake Oswego Real Estate Activity – August 25-31, 2008

Late August results for the Lake Oswego real estate market show a spark of market activity with 19 homes sale pending or closed in the past two weeks. We are seeing some significant discounting on some properties, highlighting a “buyer’s market” characteristic.

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

NEWLY LISTED (August 25 – 31, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
4 TOUCHSTONE
$109,900
2
2
984
CONDO
8/24
5831 SEVILLE AVE
$199,900
2
1
1,320
DETACHD
8/24
52 GALEN ST
$209,900
2
2
995
CONDO
8/26
16790 LAKE FOREST BLVD
$275,000
2
1
780
DETACHD
8/26
14401 SHERBROOK PL
$389,500
3
2.1
1,828
DETACHD
8/24
6291 SW HARRINGTON AVE
$399,900
3
2
1,472
DETACHD
8/25
1695 MEADOWS DR
$407,500
4
3
2,185
ATTACHD
8/26
1509 HEMLOCK ST
$419,000
4
3
2,310
DETACHD
8/28
14588 WILMOT WAY
$429,900
5
3
2,238
DETACHD
8/27
4760 LOWER DR
$435,000
3
3
3,252
DETACHD
8/27
5228 COVENTRY CT
$480,000
4
2.1
2,382
DETACHD
8/24
5474 BAY CREEK DR
$549,000
3
2.1
2,322
DETACHD
8/26
3721 TEMPEST DR
$549,900
3
2.1
2,572
DETACHD
8/30
17 CELLINI CT
$595,000
5
3.1
3,113
DETACHD
8/26
56 SPINOSA
$599,000
4
3.1
3,808
DETACHD
8/24
16373 BONAIRE AVE
$649,000
3
2.1
2,400
DETACHD
8/25
805 COUNTRY CLUB RD
$649,900
2
2
2,722
DETACHD
8/25
4676 WINTHROP CT
$649,900
4
2.1
3,112
DETACHD
8/27
569 7TH ST
$699,900
2
4
3,186
DETACHD
8/26
24 INDEPENDENCE AVE
$714,900
6
3.1
3,676
DETACHD
8/26
17890 KELOK RD
$749,000
4
2.1
3,023
DETACHD
8/28
15422 BOONES WAY
$879,000
4
2.1
2,694
ATTACHD
8/29
1272 SW ZIVNEY LN
$942,000
5
3
2,658
DETACHD
8/24
17649 WOODHURST PL
$1,275,000
5
4.1
5,793
DETACHD
8/25

PENDING SALES (August 25 – 31, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
4821 SW MADRONA ST
$130,000
1
1
360
DETACHD
71
44 EAGLE CREST DR
$154,900
2
1
908
CONDO
28
3101 MCNARY PKWY
$264,700
3
2.1
1,992
CONDO
408
819 BOCA RATAN DR
$299,900
3
3
3,282
DETACHD
270
1000 UPPER DEVON LN
$329,900
3
2.1
2,872
DETACHD
19
2955 WEMBLEY PARK RD
$448,000
4
2
2,620
DETACHD
140
5677 GRAND OAKS DR
$629,900
4
2.1
3,074
DETACHD
77
4256 LAKEVIEW BLVD
$995,000
3
3.1
3,117
DETACHD
436
17257 BRYANT RD
$1,169,900
5
3.2
4,789
DETACHD
381
2200 PRESTWICK RD
$1,200,000
4
2.2
3,356
DETACHD
133
1175 LAKE SHORE RD
$1,579,000
3
3.1
2,878
DETACHD
124

SOLD (August 18 – 24, 2008)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
1528 CEDAR ST
$429,900
$328,000
3
1.1
2,015
DETACHD
184
791 2ND ST
$450,000
$350,000
2
1
1,032
DETACHD
148
16121 SW KIMBALL AVE
$399,900
$355,000
3
2
1,596
DETACHD
76
4284 WEST BAY RD
$439,900
$400,000
3
2
1,539
DETACHD
62
1210 WELLS ST
$450,000
$455,000
5
3.1
4,494
DETACHD
16
310 DURHAM ST
$549,000
$505,000
3
2.1
1,940
ATTACHD
30
14062 CHELSEA DR
$729,000
$650,000
4
2.1
2,974
DETACHD
68
18263 ANDUIN TER
$795,000
$700,000
4
2.1
3,103
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.

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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