Market Activity for Aug 29 to Sept 4, 2011

Even with the Labor Day weekend last week, Lake Oswego saw quite a bit of real estate activity. 15 new listings came onto the market, 14 houses went pending, and 20 houses became closed sales. The high volume of closed sales versus new listings is likely a reflection of people wanting to move in before the start of the school year.

Also interesting, to me, was the percentage of the activity that was condos and attached homes. Condos and attached homes were 33% of the new listings, 57% of the pending sales, and 45% of the closed sales.

Last, I have to point out the 2 closed sales at $1,400,000 and $1,422,500 that sold in just 51 days and 2 days.

These are some rather positive numbers.

See below for further details:

NEWLY LISTED (August 28 to September 4, 2011)

Address Type Price Sq FT BR Baths
47 Eagle Crest Dr #26 Condo $74,900 932 2 1
3 Oswego Summit #3 Condo $124,900 1212 2 2
19221 Redwing Ct Detached $329,500 1374 3 2
4946 Mulholland Dr Attached $389,900 2584 3 2.5
1238 Hemlock St Detached $399,900 1548 3 2
510 2nd St Condo $410,000 1520 2 2.5
4725 Cambridge Ct Attached $425,000 3056 2 2.5
5842 Meadowcreek Ct Detached $449,900 2309 3 2.5
5686 Charles Circle Detached $499,900 3246 4 3
33 Westridge Dr Detached $538,000 3864 5 3.5
1278 Hida A Way Ln Detached $549,000 2632 4 2.5
13354 Twin Creek Ln Detached 579,000 3134 5 2.5
18175 Pilkington Rd Detached $635,000 3164 4 3.5
1495 Woodland Terr Detached $725,000 3960 4 2.5
18202 Bella Terra Dr Detached $1,145,000 3863 4 3.5

PENDING SALES (August 29 to September 4, 2011, 2011)

Address Type Price Sq Ft BR Baths CDOM
12 Crestfield Ct Condo $48,100 552 1 1 50
47 Eagle Crest Dr #3 Condo $56,000 932 2 1 491
58 Galen St Condo $70,000 689 1 1 375
169 Oswego Summit Condo $89,900 1383 2 2 486
215 Cervantes Condo $134,999 1100 2 2 44
23 Wheatherstone Attached $135,000 1692 3 2.5 32
3924 Carman Dr Attached $145,000 1139 2 2.5 363
16443 Inverurie Rd Detached $180,000 1480 4 2 5
191 Oswego Summit #191 Condo $189,000 1506 2 2 115
16546 Bonaire Ave Detached $219,900 1064 3 1 5
1510 Spruce St Detached $269,000 1242 3 2 47
4405 Oakridge Rd Lot 20 Attached $410,160 2004 3 2.5 0
3811 Childs Rd Detached $417,000 2006 3 2.5 101
19330 Riverwood Ln Detached $618,900 3367 4 3.5 0

SOLD (August 29 to September 4, 2011, 2011)

Address Orig. Price Sold Price Type Sq Ft CDOM
47 Eagle Crest Dr #48 $89,500 $47,900 Condo 696 351
4000 Carmen Dr #101 $119,000 $112,000 Condo 869 5
5225 Jean Rd #307 $165,000 $140,000 Condo 1100 210
5061 Foothills Dr G $199,000 $163,000 Condo 991 272
4316 Botticelli St $209,000 $167,000 Condo 2098 114
4322 Botticelli St $315,000 $230,000 Condo 2043 440
55 Northshore Rd #7 $500,000 $267,500 Condo 1478 1193
5368 Tree St $269,000 $279,000 Detached 1850 121
880 Boca Ratan Dr $399,900 $280,000 Detached 2364 281
2089 Glenmorrie Dr $425,000 $329,500 Detached 1551 412
16 Grouse Terr $395,000 $378,000 Detached 2532 11
4958 Bilford Ln $379,900 $386,000 Detached 1968 3
1677 Laurel St $425,000 $420,000 Detached 2445 117
173 Furnace St $619,900 $505,000 Condo 2220 334
17911 Hillside Dr $569,000 $550,000 Detached 3330 11
554 5th St $699,000 $625,000 Attached 2166 177
4155 Canal Rd $850,000 $750,000 Detached 3736 56
3168 Douglas Circle $899,900 $899,900 Detached 4331 0
17860 Crestline Dr $1,475,000 $1,400,000 Detached 6810 51
17313 Blue Heron Rd $1,495,000 $1,422,500 Detached 3480 2

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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