Market Activity Jan 18-24, 2021

The real estate market is really heating up. Buyers are out in hordes wanting to take advantage of the lowest interest rates in decades. They have gotten themselves pre-approved and are ready to go. The issue is, inventory is incredibly low. For every property that comes on the market, there are half a dozen buyers ready to buy. The result? Houses are selling fast, often with multiple offers. It is very much a sellers market. With multiple offers houses are frequently selling at or over the list price. So yes, this late winter and spring market truly is an amazing time to sell your house.

In Lake Oswego last week we had 6 properties come onto the market, 12 move into pending status with an accepted offer, and 16 closed sales.

See below for RMLS data and an explanation of this chart.

New on the Market Jan 18-24, 2021

AddressTypePriceBRBathsSq Ft
16250 Pacific Hwy #59Condo$319,000221305
2574 Palisades Crest DrDetached$975,00042.5+.54563
17311 Canyon DrDetached$1,099,500635376
667 Lake Bay CtDetached$1,899,90043.53616
1340 Cherry LnDetached$2,145,00044.5+.55922
16470 Phantom Bluff CtDetached$2,695,00044.55188

Pending sales Jan 18-24, 2021

AddressTypePriceBRBathsSq FtCDOM
5225 Jean Rd #510Condo$305,0002211005
456 5th StCondo$450,00021.510921
1238 Laurel StDetached$524,9003214852
1920 Southshore BlvdDetached$569,9003213138
6126 Frost LnDetached$749,0005324979
4264 West Bay RdDetached$799,0003213082
4850 Lower DrDetached$825,00043270011
2145 Summit DrDetached$1,000,00042.5+.5311148
975 Schukart LnDetached$1,198,00042.54449350
16234 Waluga DrDetached$1,349,00053.5313086
701 4th StDetached$1,450,00032.5278643
3735 Upper DrDetached$2,000,000444056137

Closed/Sold Jan 18-24, 2021

AddressTypeList PriceSold PriceSq FtCDOM
42 Cervantes CircleCondo$189,000$185,0009124
7200 Montauk CircleCondo$219,900$228,0009683
47 Eagle Crest Dr #62Condo$249,000$233,000102677
668 McVey Ave #85Condo$274,900$290,0009924
4047 Jefferson PkwyCondo$330,000$346,00012281
27 Bloch TerrAttached$425,000$442,00019723
15012 Twin Fir RdDetached$599,900$610,0003372
18861 Indian Springs CircleDetached$635,000$645,00016492
17012 Crestview DrDetached$699,000$699,00027504
5228 Lower DrDetached$850,000$839,9502723101
802 Clara CtDetached$850,000$875,00028863
3000 Brookside RdDetached$999,950$950,000160050
6 Essex CtDetached$998,000$998,000433842
5055 Lakeview BlvdDetached$1,298,000$1,245,000360728
1200 Lake Garden CtDetached$1,400,000$1,400,000334716
3509 Lanewood StDetached$1,799,000$1,790,9003830114

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.

Market Activity October 19-25, 2020

We had a burst of new listings in Lake Oswego last week with 23 properties coming onto the market. That’s about 30% more than recent previous weeks. We also had 20 properties that accepted offers and went into pending status. 20 properties became closed sales. Those numbers are very balanced. I’d call the market stable from every angle.

See below for an explanation of the RMLS data.

New listings October 19-25, 2020

AddressTypePriceBRBathsSq Ft
4000 Carman Dr #79Condo$270,00022993
16377 Kimball StDetached$389,000311200
206 Greenridge DrAttached$475,000321392
16246 Parker RdDetached$479,900321280
98 Kingsgate RdDetached$510,00032.51727
15500 Boones WayDetached$535,000321309
1705 Conifer DrDetached$539,00031.51850
127 Greenwood RdDetached$550,000311201
4362 Galewood StDetached$558,00032.51684
621 9th StDetached$649,000222214
17061 Crestview DrDetached$649,900422216
1202 Spruce StDetached$735,00022.51706
1604 Country Club RdDetached$800,00043.53878
5185 Woodcrest LnDetached$835,00032.52554
1216 Spruce StDetached$840,00032.52066
6 Yorick StDetached$849,950533116
17649 Woodhurst PlDetached$1,000,00064.55669
6441 Mission CtDetached$1,165,000433201
6155 McEwan RdDetached$1,250,000533728
312 9th StDetached$1,350,00032.52686
16234 Waluga DrDetached$1,395,00053.53130
45 Nanson SummitDetached$1,430,00044.55874
1132 Troon RdDetached$2,450,00043.54165

Pending sales October 19-25, 2020

AddressTypePriceBRBathsSq FtCDOM
4615 Lakeview BlvdCondo$242,5001175337
668 McVey Ave #65Condo$315,0001163638
5059 Foothills Dr ECondo$325,0002299127
5626 Fernbrook WayDetached$489,00031.5125059
5136 Jean RdDetached$495,00032141221
13679 Johnson TerraceDetached$515,000219176
4102 Buck Brush LnDetached$697,0004322053
4045 Melissa DrDetached$699,90042.5252940
17897 Sundown CtDetached$699,90053375599
312 4th StAttached$720,00022.5173122
12436 Orchard Hill RdDetached$725,00042.528918
7 Falstaff StDetached$729,00052.524841
5124 Rosewood StDetached$739,90043.5351639
634 Carrera LnDetached$750,00042.532824
13947 Majestic CtDetached$799,90043.528223
13453 Streamside DrDetached$839,00032.529325
14360 Trillium CtDetached$860,000533558122
6463 Mission CtDetached$1,165,00033.53547290
3131 Wembly Park RdDetached$1,344,50043.53597147
289 G AveDetached$1,499,00063.54193160

Sold/closed Sales October 19-25, 2020

AddressTypeList PriceSold PriceSq FtCDOM
126 Oswego SummitCondo$195,000$190,00076430
4000 Carmen Dr A-16Condo$264,900$257,0001,02548
4642 Lower DrCondo$275,000$260,000126033
213 Oswego SummitCondo$312,700$312,70013834
6073 Harrington AveDetached$429,900$414,000105034
16878 Canyon DrDetached$599,500$599,500229836
5885 Dove CtDetached$599,900$610,00017957
18706 Bryant RdDetached$655,000$630,000248999
2 Mozarteum CtDetached$705,000$715,00021924
5335 Westfield CtDetached$899,900$826,000312225
2146 Summit DrDetached$850,000$830,00025923
18857 Indian Springs CircleDetached$839,900$842,90025729
17931 Meadowlark LnDetached$899,900$889,900438514
3200 Upper DrDetached$900,000$900,00025424
19457 35th CtDetached$959,000$915,000353840
3343 Fir Ridge RdDetached$1,100,000$975,000343023
717 8th StDetached$1,235,000$1,133,800258454
3080 Westview CircleDetached$1,299,000$1,273,000347338
17522 Bryant RdDetached$1,399,000$1,325,000354539
13744 Knaus RdDetached$1,450,000$1,450,00036678

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.