Market Activity Report for Nov. 30th to Dec. 6th, 2009

With just 5 pending sales and 8 closed sales last week, activity seems to be settling into the slower months of winter. However, we still had 20 new listings (not refreshed, truly new). At this time of year, people typically hold off on putting their house up for sale until after the holidays. To list your home now, you have got to be pretty motivated. I am suspicious that some of these homes are in financial trouble. I also know that corporations often move employees during the holidays if they are trying to close out a corporate year that matches the calendar year. Whatever the cause, we are back to more new listings than sales activity.

Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (Nov. 30—Dec 6, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
Address List Price # BR # BTHS Total SF Prop Type List Date
59 GALEN ST $99,000 1 1 550 CONDO 12/2/2009
334 CERVANTES CIR $144,900 2 1 832 CONDO 12/4/2009
75 GALEN ST $159,900 2 2 995 CONDO 12/1/2009
4 TOUCHSTONE $190,000 3 2.1 1,351 CONDO 12/1/2009
287 CERVANTES $195,000 3 1.1 1,144 CONDO 12/4/2009
45 SW EAGLE CREST DR $205,000 3 2 1,348 CONDO 12/2/2009
100 LEONARD ST $264,900 2 2 1,364 CONDO 12/3/2009
16890 CORTEZ CT $324,900 4 3 2,016 DETACHD 12/4/2009
1841 CLOVERLEAF RD 349000 5 3 2,186 DETACHD 12/1/2009
837 OAK ST 380000 3 2 2,816 ATTACHD 11/30/2009
15 CHURCHILL DOWNS 380000 4 2 2,014 ATTACHD 11/30/2009
17942 SAINT CLAIR DR 524900 4 2.1 2,533 DETACHD 12/1/2009
1250 PINE ST 539000 4 2.1 2,856 DETACHD 12/3/2009
339 6TH ST 599900 3 3.1 2,258 ATTACHD 12/1/2009
18081 WESTMINSTER DR 599950 4 2.1 2,713 DETACHD 12/1/2009
15393 DIAMOND HEAD RD 756400 4 2.1 3,192 DETACHD 12/2/2009
1010 HOODVIEW LN 875000 4 3 3,058 DETACHD 11/30/2009
17802 SW Marylcreek DR 887900 3 4 3,825 DETACHD 12/6/2009
18175 PILKINGTON RD 899900 4 3.1 3,164 DETACHD 12/1/2009
444 6TH ST 1095000 4 4.1 4,541 DETACHD 12/1/2009

PENDING SALES (Nov. 30 -Dec 6, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address List Price # BR # BTHS Total SF Prop Type CDOM
668 MCVEY AVE $143,550 3 1.1 992 CONDO 59
5077 W SUNSET DR $299,900 2 2.1 1,720 ATTACHD 102
4051 VIRGINIA WAY $339,900 3 2.1 1,658 DETACHD 58
2753 VALE CT $402,000 3 3 2,786 DETACHD 31
1575 IVY CT $515,000 4 3 2,432 DETACHD 56

SOLD (Nov. 30-Dec 6, 2009)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address O/Price Close Price # BR # BTHS Total SF Prop Type CDOM
4 TOUCHSTONE CT $137,900 $105,000 3 2.1 1,350 CONDO 371
14 POLONIUS ST $300,000 $288,000 4 3 2,754 DETACHD 254
5096 SW TREE ST $334,900 $318,000 3 1.1 1,410 DETACHD 462
1990 WEMBLEY PARK RD $399,900 $390,000 4 3 3,162 DETACHD 27
2981 VALE CT $512,450 $475,500 5 2.1 3,516 DETACHD 436
5382 ROYAL OAKS DR $555,000 $492,500 4 2.1 2,970 DETACHD 194
135 FURNACE ST $709,900 $647,000 2 2.1 1,927 CONDO 97
827 8TH ST $898,000 $835,000 5 3.1 3,852 DETACHD 38

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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