Market Activity February 15-22, 2021

I think that the fact that our current real estate market is lacking inventory is pretty well known. There are many more buyers trying to buy homes than there are homes for sale. Preparing this market activity report a first has happened. Last week in Lake Oswego there was just one new listing. In all of the many years that Linda and I have been writing the blotter, I don’t recall that this has happened before. Hopefully it’s just a fluke and in the coming weeks the inventory will start to build up to meet the spring demand. Last week there were also 12 properties that accepted offers and went into pending status, as well as 18 closed/sold houses.

See below for RMLS data explanations

New on the market February 15-22, 2021

AddressTypePriceBRBathsSq Ft
4832 Redwing WayDetached$599,900321472

Pending sales February 15-21, 2021

AddressTypePriceBRBathsSq FtCDOM
100 Kerr Pkwy #5Condo$169,00011617171
3930 Lake Grove Ave 1BCondo$215,0002195811
4320 Botticelli ST #11Attached$309,90022.5+.5226018
16880 Cortez CtDetached$599,9003323133
5091 Tualata LnDetached$625,0003215006
853 E AveDetached$650,000217506
19603 River Run DrDetached$800,00042.526566
15606 Manchester DrDetached$849,90032.526563
1920 Park Forest AveDetached$1,125,00033267919
17884 Kelok RdDetached$1,229,00043.5412419
2230 Wembley Park RdDetached$1,785,00054.5460736
907 Terrace DrDetached$2,875,00064.5+.5+.57296128

Closed/Sold February 15-22, 2021

AddressTypeList PriceSold PriceSq FtCDOM
3872 Botticelli StCondo$289,900$293,0001171124
16250 Pacific Hwy #59Condo$319,000$319,0001,3059
5225 Jean Rd #510Condo$305,000$335,00011005
750 1st St E34Condo$335,000$335,00013503
16250 Pacific Hwy #73Condo$319,000$341,000130587
18667 Benfield AveDetached$485,000$529,00014145
17104 Canal CircleDetached$650,000$625,000141636
1427 Greentree CircleDetached$605,000$650,00022395
17160 Wall StDetached$850,000$888,00032462
2145 Summit DrDetached$1,000,000$1,000,000311148
4146 Chad DrDetached$1,099,900$1,030,0003637143
54 Wilbur StAttached$1,247,000$1,170,000360079
18460 Ray Ridge DrDetached$1,249,000$1,224,000376934
72 Nansen SummitDetached$1,369,000$1,240,00044857
978 10th StDetached$1,495,000$1,400,000257825
3175 Douglas CircleDetached$1,425,000$1,500,00054003
13594 Goodall RdDetached$1,700,000$1,700,00037320
16470 Phantom Bluff CtDetached$2,695,000$2,684,515518811

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