Market Activity Update – March 2nd – 8th, 2009

Lake Oswego saw 13 new properties hit the market last week (these are properties that are brand new on the market -or- have been off the market for a minimum of 30 days). There were actually 27 properties showing “new” on RMLS in Lake Oswego and as you can see, only 13 of them were truly new listings. We had 3 go pending, and 4 that closed.

There are all told, 300 residential properties for sale in Lake Owego on RMLS right now ranging from $76,500. to $19,500,000.

Now that we are into Daylight Savings Time, and are seeing the first hints that Spring is on the way, market activity typically begins to increase.  There are many reasons for this, but the beautiful flowering of trees and gardens we’ll see shortly, teasers of sunny stretches (that make us think it is Summer already!), and of course the perception of longer days are not to be underestimated… I call these “human factors”.  But then, all home buying and selling is based on human factors. Speaking of which…  Is there a change you have been wanting to make in your life through buying and/or selling a home?  If so, we would of course be happy to serve you in making your dreams a reality.  Feel free to call or email anytime…  We love hearing from our local and out-of-state readers, and enjoy meeting you and getting you settled in Lake Oswego!

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

NEWLY LISTED (March 2—March 8, 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
44 EAGLE CREST DR $124,950 1 1 798 CONDO 3/4/2009
86 KINGSGATE RD $161,000 2 2 840 CONDO 3/2/2009
48 EAGLE CREST DR $208,000 2 2 1,489 CONDO 3/8/2009
197 OSWEGO SMT $264,197 2 2 1,383 CONDO 3/3/2009
605 Ash ST $279,900 3 2 1,528 DETACHD 3/4/2009
2001 BONNIEBRAE DR $299,000 3 2.1 1,819 ATTACHD 3/2/2009
1140 HALLINAN CT $339,895 3 2 1,875 DETACHD 3/8/2009
5785 SW CARMAN DR $364,800 3 1.1 1,934 DETACHD 3/4/2009
907 BULLOCK ST $369,950 4 2 2,020 DETACHD 3/4/2009
5675 CHILDS RD $419,000 2 2.1 1,644 DETACHD 3/5/2009
2838 GREENTREE RD $429,950 4 2.1 1,781 DETACHD 3/3/2009
550 MIDDLECREST RD $749,900 3 2.1 2,240 DETACHD 3/4/2009
100 3RD ST $2,495,000 3 3.1 3,600 DETACHD 3/2/2009

PENDING SALES (March 2—March 8, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQFT
PROP TYPE
DOM
Address List Price # Beds # Baths Tot. SF Prop Type CDOM
5063 FOOTHILLS DR $230,000 2 2 991 CONDO 8
3190 DUNCAN DR $289,900 3 2.1 2,401 DETACHD 80
1265 ROCKINGHORSE LN $444,000 4 3 2,402 DETACHD 237

SOLD (March 2—March 8, 2009)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address O/Price Close Price # Beds # Baths Tot. SF Prop Type CDOM
136 OSWEGO SMT $142,000 $140,000 1 1 764 CONDO 10
3433 MCNARY PARKWAY $189,900 $167,000 2 2.1 1,208 CONDO 105
95 KINGSGATE RD $325,000 $314,500 3 2.1 1,669 DETACHD 51
353 ASH ST $409,900 $409,000 3 3.1 2,765 DETACHD 96

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.

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