Lake Oswego Real Estate Blog
Dianne and I wish you the VERY BEST as we feel the seasons start to change. Enjoy all of it… every little bit!
Here are some Market Notes for you~
According to the RMLS Market Action Report for August 2011, the combined area of Lake Oswego and West Linn reported:
According to the RMLS Market Action Report for July 2011, the combined area of Lake Oswego and West Linn reported:
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