Lake Oswego Market Activity ~ Jan. 18-24, 2010

There were 16 New, 10 Pending, and 4 Sold properties during last week’s Monday – Sunday period according to RMLS.  (Note: RMLS data is based on data input by Listing Agents up to the date/time of our writing this post.  This means that there is the -possibility- that something might have sold or gone pending and not been entered into RMLS yet, but these things are generally entered right away, so the RMLS data we compile & share is pretty accurate.)

We have been seeing an increase in Buyer activity according to RMLS lockbox stats as well.  This is to be expected as rates are still low (though starting to increase a bit), FHA is still only requiring a low of  3.5% down (though this is supposed to increase significantly in the summertime) and the tax credits are in full force, coming with an April deadline. All this means that “looking” is starting now for those serious about finding that special property either as a First-Time Buyer, or one who is “Moving Up” (meaning: having been in their home for at least 5 years and buying under $800,000.).  Tax credits are $8,000 & $6,500. respectively.

Here’ your data for last week  (see below the tables for additional notes):
NEWLY LISTED (Jan. 18—Jan. 24, 2010)

Address List Price # Beds # Baths Total SF Prop Type List Date
44 EAGLE CREST DR $139,000 1 1 798 CONDO 1/20/2010
4 TOUCHSTONE $185,000 3 2.1 1,351 CONDO 1/20/2010
4322 BOTTICELLI ST $279,900 2 2.1 2,043 CONDO 1/23/2010
4372 WOODSIDE CIR $284,900 2 2 1,178 ATTACHD 1/18/2010
4 THE GROTTO $289,000 3 2.1 1,534 DETACHD 1/24/2010
4717 FIRWOOD RD $319,000 8 3 2,502 DETACHD 1/22/2010
4730 FIRWOOD RD $375,000 4 2 2,124 DETACHD 1/23/2010
2245 GLEN HAVEN RD $379,000 3 1.1 1,276 DETACHD 1/20/2010
8 POLONIUS $385,000 3 2 1,760 DETACHD 1/22/2010
15965 INVERURIE RD $385,000 4 2 1,915 DETACHD 1/22/2010
1571 WOODLAND TER $450,000 4 2 2,400 DETACHD 1/19/2010
19203 SW Megly Ct $589,900 5 3.1 3,595 DETACHD 1/22/2010
727 6TH ST $895,000 4 2 2,884 DETACHD 1/20/2010
356 9TH ST $1,175,000 4 3.1 3,647 DETACHD 1/21/2010
18735 BRYANT RD $1,181,900 5 3.1 5,597 DETACHD 1/18/2010
95 IRON MOUNTAIN BLVD $1,950,000 5 4.1 4,818 DETACHD 1/21/2010

PENDING SALES (Jan. 18 – Jan. 24, 2010)

Address List Price # Beds # Baths Total SF Prop Type CDOM
45 SW EAGLE CREST DR $205,000 3 2 1,348 CONDO 50
192 RIDGEWAY RD $209,900 2 1 1,659 CONDO 148
4447 GOLDEN LN $229,000 2 2.1 1,980 ATTACHD 531
17350 BLUE HERON RD $330,000 4 2.1 2,880 DETACHD 9
2650 DELLWOOD DR $410,000 4 3 3,238 DETACHD 295
4651 HASTINGS PL $454,900 4 2.1 2,215 DETACHD 15
2000 WEMBLEY PARK RD $540,000 4 3 2,660 DETACHD 89
5310 WASHINGTON CT $624,900 4 3.1 3,328 DETACHD 878
1505 COUNTRY CLUB RD $682,500 6 4.1 5,463 DETACHD 229
2201 HAZEL RD $1,399,000 4 3.5 5,446 DETACHD 605

SOLD (Jan. 18 – Jan. 24, 2010)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
4000 SW CARMAN DR $154,900 $143,500 2 2 925 CONDO 137
14431 SHERBROOK PL $299,900 $284,000 4 3 3,284 DETACHD 365
5506 ROYAL OAKS DR $399,900 $410,000 4 3 2,317 DETACHD 19
34 HILLSHIRE DR $598,000 $510,000 3 2.1 3,822 DETACHD 699

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.

2 Replies to “Lake Oswego Market Activity ~ Jan. 18-24, 2010”

  1. Wow, those really are “hyper-local” home sales stats! Good job…. 699 CDOM sounds like they must have adjusted the price a few times, and I bet the agent is very happy it finally sold 😉

  2. Doug,
    Yes, this particular home is a great one in a great neighborhood. It originally went on the market in January of 2008 at $799,000. And of course it just sold at $510,000… this for nearly 4000SF of house, built in 1983 on a .28 acre lot in Lake Oswego….. We’re seeing the ones that have been on the market a long time moving now, as well as new ones that are priced right from the get go. Signs of the times!

Leave a Reply

Your email address will not be published.