Based upon the numbers from last week’s market activity, I think we are seeing a contraction in the market place. In Lake Oswego we had 11 properties come onto the market, 8 move into pending status, and 14 sold/closed sales. The silver lining is that of the 8 pending sales, 6 sold in less than a week. So buyers are out there and they are ready to make a move.
I also want to say that Linda and I have been in this business long enough, through 9/11 and the great recession, to know that real estate never stops. This is because people’s lives happen. Babies are born, folks get divorced or transferred, life does not stop. If you need to make a move, you can still do that. Linda and I will do everything in our power to make your move as smooth as possible. We are here to help.
Following is the breakdown for you according to RMLS:
New on the Market (March 23-29, 2020)
| Address | Type | Price | BR | Baths | Sq Ft |
| 42 Cervantes Circle | Condo | $195,000 | 2 | 1.5 | 912 |
| 5225 Jean Rd #208 | Condo | $265,000 | 2 | 2 | 1100 |
| 16250 Pacific Hwy #59 | Condo | $359,900 | 2 | 2 | 1305 |
| 5237 Dawn St | Detached | $494,800 | 3 | 5-Jan | 1412 |
| 4900 Indian Creek Ct | Detached | $624,900 | 4 | 3 | 2124 |
| 934 Ash St | Detached | $724,900 | 4 | 2.5 | 1982 |
| 620 1st St | Attached | $750,000 | 3 | 3.5 | 1916 |
| 14655 Uplands Dr | Detached | $899,000 | 3 | 2 | 2462 |
| 13005 Sierra Vista Dr | Detached | $899,900 | 4 | 2.5 | 3448 |
| 1658 Village Park Ln | Detached | $1,258,000 | 4 | 3.5+.5 | 4634 |
| 16793 Graef Circle | Detached | $2,695,000 | 4 | 3.5 | 4220 |
Pending Sales (March 23-29, 2020)
| Address | Type | Price | BR | Baths | Sq Ft | CDOM |
| 15490 Brianne Ct | Attached | $329,000 | 2 | 2.5 | 1250 | 5 |
| 6313 Alyssa Terr | Attached | $389,000 | 3 | 2.5 | 1546 | 1 |
| 731 Clara Ct | Detached | $629,000 | 4 | 2.5 | 2700 | 1 |
| 17200 Canal Circle | Detached | $665,000 | 3 | 1.5 | 1774 | 6 |
| 4036 Melissa Dr | Detached | $849,900 | 4 | 3.5 | 3118 | 2 |
| 17896 Kelok Rd | Detached | $859,000 | 6 | 6 | 4093 | 212 |
| 2025 Wembley Park Rd | Detached | $899,900 | 3 | 2.5 | 2700 | 204 |
| 324 4th St | Attached | $625,000 | 2 | 2.5 | 1731 | 3 |
Sold/Closed (March 23-29, 2020)
| Address | Type | List Price | Sold Price | Sq Ft | CDOM |
| 86 Kingsgate Rd | Condo | $269,900 | $249,000 | 938 | 25 |
| 3834 Botticelli St | Condo | $279,500 | $273,000 | 1,055 | 239 |
| 750 1st ST B3 | Condo | $395,000 | $395,000 | 1546 | 7 |
| 68 Greenridge Ct | Attached | $515,000 | $414,000 | 2868 | 293 |
| 14442 Orchard Springs Rd | Condo | $539,000 | $520,000 | 1400 | 62 |
| 308 4th St | Attached | $625,000 | $625,000 | 1731 | 90 |
| 18 Northview Ct | Attached | $675,000 | $640,000 | 2671 | 21 |
| 780 2nd St | Detached | $699,900 | $696,600 | 1536 | 3 |
| 4771 Avery Ln | Detached | $725,000 | $785,000 | 2536 | 5 |
| 5533 Kenny St | Detached | $799,000 | $810,000 | 2900 | 5 |
| 5340 Greystoke Dr | Detached | $1,095,000 | $1,043,750 | 2955 | 34 |
| 19175 Stafford Rd Lot 4 | Detached | $1,529,950 | $1,500,000 | 4524 | 388 |
| 19175 East Side Rd | Detached | $1,400,000 | $1,270,000 | 5276 | 657 |
| 707 Lake Shore Rd | Detached | $1,925,000 | $1,725,000 | 2992 | 98 |
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.