Lake Oswego Real Estate Activity – September 22-28, 2008

Real estate activity in Lake Oswego is experiencing a late summer/early fall resurgence as 24 new properties come on the market last week, while 8 homes go sale pending and 12 houses close escrow two weeks ago.

This little bump in transactions is similar to the Portland metro market as a whole, which I think will approach 70% of 2007’s activity level, as opposed to the 65% we’ve seen throughout the year.

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

NEWLY LISTED (September 22-28, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
181 OSWEGO SUMMIT
$214,900
2
2
1,383
CONDO
9/25
5101 JEAN RD
$295,000
3
1
1,012
DETACHD
9/21
3 THE GROTTO
$312,000
2
2
1,688
DETACHD
9/24
18881 PILKINGTON RD
$335,000
3
2
1,252
DETACHD
9/24
5142 ROSEWOOD ST
$339,900
4
2.1
1,784
DETACHD
9/21
57 GREENRIDGE CT
$349,900
2
2
1,314
ATTACHD
9/26
17304 MARJORIE AVE
$364,900
3
1.1
1,340
DETACHD
9/21
2638 GREENTREE RD
$399,900
4
2
2,373
DETACHD
9/23
12103 ORCHARD HILL WAY
$429,000
4
2.1
2,332
DETACHD
9/22
5562 ROYAL OAKS DR.
$494,500
4
2.1
2,342
DETACHD
9/23
18212 INDIAN CREEK DR
$649,000
4
2.1
2,313
DETACHD
9/25
18148 PIONEER CT
$799,000
5
3
3,542
DETACHD
9/27
2317 STONEHURST CT
$849,950
4
2.1
4,455
DETACHD
9/21
4378 Albert CIR
$899,000
3
3
3,735
DETACHD
9/24
17259 LOWENBERG TER
$939,900
4
2.1
2,955
DETACHD
9/23
1776 OAK ST
$1,125,000
4
3.1
4,012
DETACHD
9/22
2600 DELLWOOD DR
$1,149,000
4
3
3,690
DETACHD
9/23
17251 CEDAR RD
$1,229,900
3
2.1
3,175
DETACHD
9/23
13010 KNAUS RD
$1,249,500
4
3.1
4,312
DETACHD
9/22
13371 ATWATER LN
$1,499,000
4
3
4,795
DETACHD
9/22
260 PINE VALLEY RD
$1,650,000
4
3.1
3,900
DETACHD
9/21
3178 DOUGLAS CIR
$1,650,000
5
4.1
5,256
DETACHD
9/21
16771 MAPLE CIR
$1,850,000
3
3
2,074
DETACHD
9/23
2793 POPLAR WAY
$1,995,000
4
5.1
6,300
DETACHD
9/25

PENDING SALES (September 22-28, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
8 BRITTEN CT
$249,900
2
2
1,175
ATTACHD
86
5829 SW BENFIELD CT
$297,400
5
2.1
1,744
DETACHD
115
2751 SUMMIT DR
$389,900
3
2
2,278
DETACHD
396
10 GROUSE TER
$528,900
4
3.1
3,462
DETACHD
46
5474 BAY CREEK DR
$549,000
3
2.1
2,322
DETACHD
292
112 D AVE
$579,900
2
2.1
1,741
ATTACHD
253
18064 JENIFERS WAY
$749,000
4
2.1
2,859
DETACHD
131
4118 GLACIER LILY ST
$799,990
4
3.1
4,452
DETACHD
295

SOLD (September 15-21, 2008)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
35 CRESTFIELD CT
$150,000
$125,000
2
1
923
CONDO
75
44 EAGLE CREST DR
$159,000
$154,900
2
1
908
CONDO
28
1000 UPPER DEVON LN
$329,900
$375,000
3
2.1
2,872
DETACHD
19
12724 ALTO PARK RD
$700,000
$400,000
3
2
1,820
DETACHD
193
7 Del Prado ST
$469,900
$413,000
4
3
2,232
DETACHD
168
5207 COVENTRY CT
$525,000
$420,000
3
2
1,973
DETACHD
468
13332 VERMEER DR
$399,900
$425,000
4
3
2,382
DETACHD
30
27 BECKET ST
$619,000
$525,000
3
2
2,615
DETACHD
356
5677 GRAND OAKS DR
$649,900
$610,000
4
2.1
3,074
DETACHD
77
13268 DEERFIELD CT
$689,900
$634,000
4
2.1
2,895
DETACHD
49
4102 CHAD DR
$848,950
$650,000
4
2.1
3,054
DETACHD
103
5804 SUNCREEK DR
$769,000
$732,000
5
2.1
3,090
DETACHD
8

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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