A Guide to Lake Oswego Real Estate and Community
Dianne,  Linda & Whitney

Brought to you by Dianne Gregoire, Linda Rossi and Whitney Gregoire, brokers with Oregon First, a professional real estate company licensed with the Oregon Real Estate Agency.

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Market Activity Dec 19-25, 2016

As you can imagine, we are in the midst of the slow market for real estate, and yet I find it interesting that the activity remains consistent with last week’s numbers being very similar to the week prior. I suspect this week will be similar as well. Then we will see the build up begin with inventory building and buyer’s buying. The first couple of weeks of January are likely to still be a bit slower as everyone gets back to their routines, but by mid January, and certainly by February, it will really take off. This is a good time to buy a home for two reasons: less competition so less likelihood of bidding wars, and low interest rates.

Last week in Lake Oswego we had 4 new listings, 11 properties go to pending status, and 12 closed sales.

Following is the breakdown for you according to RMLS:

New on the Market(Dec 19-25, 2016)

Address Type Price BR Baths Sq Ft
4 Touchstone #87 Condo $175,000 2 2 984
37 Touchstone Detached $445,000 4 3 2573
2155 Ridgewood Rd Detached $799,000 4 3 3454
505 Iron Mountain Blvd Detached $1,595,000 5 4 3015

Pending Sales (Dec 19-25, 2016)

Address Type Price BR Baths Sq Ft CDOM
1368 Boca Ratan Dr Attached $325,000 3 2 1611 60
4724 Firwood Rd Detached $405,000 3 1.5 1240 4
5717 Bonita Rd Detached $459,000 5 2 2572 176
4739 Rembrandt Ln Detached $485,000 3 2.5 1954 22
655 2nd St Attached $499,000 2 2 1457 32
1225 Cornell St Detached $514,999 3 2 1395 7
4920 Centerwood St Detached $557,500 3 2.5 2072 175
17920 Meadowlark Ln Detached $675,000 4 2.5 2716 33
429 6th St Detached $1,049,000 4 2.5 3205 48
1976 Highlands Loop Detached $1,795,000 4 3.5 4597 460
15508 Diamond Head Rd Detached $2,850,000 3 4 3900 185

Sold/Closed (Dec 19-25, 2016)

Address Type List Price Sold Price Sq Ft CDOM
131 Oswego Summit Condo $200,000 $190,000 1212 57
94 Greenridge Ct Attached $364,900 $364,900 1,752 57
17311 Mandi Ln Detached $379,000 $379,000 1,935 115
580 2nd St Attached $459,000 $452,000 1464 72
14798 Davis Ln Attached $479,900 $460,000 1698 61
550 2nd St Condo $500,000 $482,000 1540 13
1709 Meadows Dr Detached $497,000 $505,000 2288 15
1501 Woodland Terr Detached $649,900 $649,900 3,992 30
17700 Leafy Ln Detached $779,500 $750,000 3666 76
15501 Diamond Head Rd Detached $995,000 $930,000 2353 187
1666 Lake Front Rd Detached $1,279,000 $1,225,000 3183 27
1415 Skyland Dr Detached $1,450,000 $1,250,000 3859 0

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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