Market Activity Report ~ April 27th- May 3rd, 2009

We’re seeing activity at all phases and in all price ranges. Take a look at the spread- New listings, Pending sales, and Sold properties are coming in well represented from the lower to the higher ends of the price spectrum, and more higher-end homes are coming on the market. What we want to see is that “Sold” number start to climb, and this week we are at 8 of them, with 15 in Pending status, and 17 New properties coming on the market.

We’re also seeing that same trend continuing of properties achieving Pending status after only a week to 2 months, while the remainder of them are properties that have been on the market for 200 & 300+ days. Dianne and I both believe this is a “priced-right” signal, in that newer listings are priced to market demand, and more seasoned listings are finally at prices that meet the buyer where the buyer is comfortable.

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

NEWLY LISTED (April 27—May 3, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
Address List Price # Beds # Baths Total SF Prop Type List Date
4000 CARMAN DR $149,500 2 2 935 CONDO 4/28/2009
5051 FOOTHILLS DR $209,900 2 2 991 CONDO 4/30/2009
4325 COUNTRY WOODS CT $334,900 3 2 1,346 DETACHD 4/27/2009
1858 SOUTHSHORE BLVD $449,900 4 2 1,762 DETACHD 4/27/2009
4070 WESTBAY RD $449,996 3 2 1,828 DETACHD 5/1/2009
2 PIMLICO TER $479,900 4 2.1 2,301 DETACHD 4/27/2009
17144 Warren CT $529,000 4 2.1 2,725 DETACHD 4/27/2009
13500 TWIN CREEK LN $572,500 4 2.1 3,049 DETACHD 5/2/2009
4076 Orchard DR $719,000 4 3.1 3,991 DETACHD 4/30/2009
1785 PALISADES TERRACE DR $960,000 5 4.1 5,052 DETACHD 5/1/2009
17814 MARYLCREEK DR $985,000 4 3.1 4,307 DETACHD 5/1/2009
3940 Canal RD $999,900 4 3.1 3,922 DETACHD 5/3/2009
900 FAIRWAY RD $1,094,000 4 3.1 3,508 DETACHD 4/28/2009
2778 GLENMORRIE DR $1,750,000 5 4.3 6,263 DETACHD 5/3/2009
3917 SOUTHSHORE BLVD $2,390,000 3 4.1 3,975 DETACHD 5/1/2009
1719 LAKE FRONT RD $3,888,850 4 5.1 5,251 DETACHD 5/3/2009
1901 PALISADES TERRACE DR $5,950,000 5 4.1 7,284 DETACHD 4/27/2009

PENDING SALES (April 27-May 3, 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
4000 CARMAN DR $144,000 2 2 932 CONDO 4/19/2009 8
16446 INVERURIE RD $259,900 3 1 2,100 DETACHD 1/21/2009 303
15450 SW KIMBALL CT $260,000 4 1.1 1,104 DETACHD 10/4/2008 208
4724 SW FIRWOOD RD $279,900 3 1.1 1,240 DETACHD 7/7/2008 296
2130 WEMBLEY PARK RD $299,900 3 1.1 1,544 DETACHD 1/14/2009 280
6025 KENNY ST $299,900 3 1.1 1,258 DETACHD 4/16/2009 11
605 COUNTRY CLUB RD $399,900 4 2.1 3,422 DETACHD 3/28/2009 163
2 OTHELLO ST $405,000 4 3 2,265 DETACHD 11/18/2008 166
2957 GLEN EAGLES RD $429,900 4 3 3,288 DETACHD 2/3/2009 87
54 AQUINAS ST $499,900 3 2.1 2,802 DETACHD 4/7/2009 25
569 6TH ST $550,000 4 2 2,168 DETACHD 4/22/2009 359
5868 SUNCREEK DR $659,000 4 2.1 3,174 DETACHD 2/23/2009 68
5392 SOUTHWOOD DR $774,900 5 3 3,871 DETACHD 4/15/2009 14
3515 UPPER DR $1,098,000 4 3.1 4,061 DETACHD 3/27/2009 275
18253 Siena DR $1,197,950 5 4 4,281 DETACHD 4/11/2008 382

SOLD (April 27-May 3, 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
47 EAGLE CREST DR $139,900 $130,000 2 1 947 CONDO 1/30/2009 56
3844 BOTTICELLI ST $219,900 $219,373 2 2 1,132 CONDO 3/31/2009 5
17079 CHERRY CREST AVE $430,000 $390,000 3 2.1 3,002 DETACHD 11/3/2008 154
1009 CUMBERLAND PL $525,000 $395,000 4 3 2,294 DETACHD 11/12/2008 332
4676 WINTHROP CT $639,900 $525,000 4 2.1 3,112 DETACHD 11/18/2008 172
5772 BAY CREEK DR $599,000 $543,000 4 3 3,242 DETACHD 2/5/2009 58
14133 AMBERWOOD CIR $850,000 $740,000 4 2.1 3,200 DETACHD 6/12/2008 278
18475 CRESTLINE DR $1,548,500 $1,420,000 4 4.1 4,660 DETACHD 10/27/2008 148

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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