Market Activity Report ~ September 14 – 20, 2009

It’s really interesting… tis the season for “freshening” listings I guess… There were 28 properties listed as New this last week & only 13 of them actually were.  It bears noting that Dianne and I go through the properties and remove the ones that are not actually new listings so that our readers can really see what properties have just come on market. I personally make an exception for properties that have been off the market for 30 or more days… It seems to me as though if someone has taken their property off the market for that time, they have probably been working on the property & changing something about it, so I go ahead in those cases & list them as New again.  I also noticed that many of the “freshened” listings (not in the table below) have changed Realtors.  Although it is then technically a new listing, it is not a new property on the market for our readers’ purposes. It is worth noting that the property is what Buyers are looking for… not the Realtor, and if it is listed in the RMLS and the Realtor has been doing a good job of exposing it online, following up on showings etc., it is (in my opinion) a mistaken notion that switching Realtors is going to help sell the property.  It is more likely that the things the Seller has control over, i.e. price and the appearance of the property, will make the difference.  The listing that was on the market yesterday with one Realtor and back on today with another is pretty much the same property, and Buyers know that. Just a few musings for what they’re worth : )

Last week we saw, as mentioned, 13 New properties come on market.  16 went to Pending status, and 5 Sold.

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

NEWLY LISTED (Sept. 14—20, 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
12 CERVANTES CIR $105,000 2 1.1 912 CONDO 9/15/2009
668 MCVEY AVE $239,900 3 1.1 985 CONDO 9/17/2009
136 TOUCHSTONE TER $350,000 3 2.1 1,996 DETACHD 9/17/2009
114 TOUCHSTONE TER $389,000 3 2.1 2,080 ATTACHD 9/14/2009
15547 PARTRIDGE DR $389,900 3 3 2,266 DETACHD 9/14/2009
16901 LAKERIDGE DR $435,000 3 3 2,080 DETACHD 9/17/2009
5717 BONITA RD $439,000 5 2 2,572 DETACHD 9/18/2009
4311 ORCHARD WAY $564,900 4 2.1 3,082 DETACHD 9/14/2009
19101 INDIAN CREEK AVE $619,500 2 2.1 2,794 DETACHD 9/15/2009
1809 HEADLEE LN $1,125,000 2 2.1 3,836 DETACHD 9/14/2009
753 LAKESHORE RD $1,385,000 3 3.1 2,562 DETACHD 9/16/2009
13 NANSEN SMT $1,500,000 4 4.1 4,625 DETACHD 9/19/2009
17281 KELOK RD $1,550,000 4 3 2,682 DETACHD 9/18/2009

PENDING SALES (Sept 14 -20, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address List Price # Beds # Baths Total SF Prop Type CDOM
10 CONDOLEA DR $240,000 2 2 1,312 ATTACHD 398
19138 PILKINGTON deep flag RD 254500 – 259000 3 1.1 1,099 DETACHD 133
5 PEACOCK PL $299,950 4 2.1 1,760 DETACHD 169
16964 SW GASSNER LN $335,000 3 3 2,208 DETACHD 100
5037 CENTERWOOD ST $349,000 3 1.1 1,340 DETACHD 98
19 TOUCHSTONE $399,000 4 3 2,789 DETACHD 107
31 DA VINCI ST $399,900 4 2.1 2,232 DETACHD 34
41 HILLSHIRE DR $427,000 4 3 2,670 DETACHD 437
3 CELLINI CT $429,000 4 2.1 2,531 DETACHD 240
1660 CAMPUS WAY $475,000 4 3 2,042 DETACHD 4
2330 DELLWOOD DR $495,000 5 3.1 3,468 DETACHD 4
4691 CHELSEA LN $564,900 4 2.1 3,102 DETACHD 585
559 2ND ST $600,000 2 2 1,529 CONDO
7 CELLINI CT $659,000 5 3.1 3,560 DETACHD 10
570 7TH ST $665,000 3 2.1 2,528 DETACHD 265
2600 DELLWOOD DR $699,900 4 3 3,690 DETACHD 486

SOLD (Sept 14-20, 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 CDOM
5318 RED LEAF ST $309,950 $319,950 3 2 1,460 DETACHD 27
799 COUNTRY CLUB RD $700,000 $500,000 6 2.1 4,410 DETACHD 784
4387 LORDS LN $875,000 $650,000 3 2.1 3,040 DETACHD 544
1933 SUMMIT DR $1,675,000 $1,550,000 5 4.1 4,925 DETACHD 26
4313 WESTBAY RD $2,775,000 $2,100,000 4 3.1 4,000 DETACHD 193

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, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings.

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