While we aren’t seeing an epidemic in Lake Oswego, a couple short sales appear in this week’s list of newly listed properties. Short sales occur when the homeowner must sell, but owes more on the mortgage than the current market value will bear. These transactions can be tricky for both home seller and buyer.
Here is the weekly list showing Lake Oswego real estate market activity (see below the tables for additional notes):
NEWLY LISTED (October 20—October 26, 2008)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
LIST DATE
|
| 17 CRESTFIELD CT |
$95,000
|
2
|
1
|
923
|
CONDO |
10/22
|
| 15938 QUARRY RD |
$164,500
|
2
|
1
|
991
|
CONDO |
10/21
|
| 578 S STATE ST |
$219,900
|
2
|
1
|
914
|
CONDO |
10/22
|
| 16535 ROOSEVELT AVE |
$299,000
|
4
|
2
|
1,495
|
DETACHD |
10/19
|
| 68 WHEATHERSTONE CT |
$325,000
|
4
|
3.1
|
2,465
|
CONDO |
10/22
|
| 15255 BOONES WAY |
$359,900
|
3
|
2.1
|
1,556
|
ATTACHD |
10/19
|
| 4470 CHAPMAN WAY |
$380,000
|
3
|
3
|
2,125
|
DETACHD |
10/19
|
| 14300 SHERBROOK PL |
$380,000
|
3
|
2.1
|
1,924
|
DETACHD |
10/21
|
| 5973 KENNYCROFT WAY |
$387,900
|
3
|
1.1
|
1,202
|
DETACHD |
10/20
|
| 16964 MAPLE CIR |
$449,000
|
2
|
1
|
744
|
DETACHD |
10/21
|
| 353 ASH ST |
$499,900
|
3
|
3.1
|
2,765
|
DETACHD |
10/22
|
| 17144 WARREN CT |
$547,000
|
4
|
2.1
|
2,725
|
DETACHD |
10/21
|
| 17083 FERNWOOD DR |
$615,000
|
5
|
3
|
2,868
|
DETACHD |
10/21
|
| 605 SW Country Club RD |
$624,900
|
5
|
2.1
|
3,170
|
DETACHD |
10/25
|
| 13873 MELROSE PL |
$669,000
|
4
|
3.1
|
5,294
|
DETACHD |
10/22
|
| 18402 ANDUIN TER |
$699,995
|
5
|
3.1
|
4,302
|
DETACHD |
10/22
|
| 878 10TH ST |
$714,000
|
2
|
2
|
1,380
|
DETACHD |
10/19
|
| 17388 CEDAR RD |
$994,500
|
2
|
1
|
2,134
|
DETACHD |
10/19
|
| 18094 PILKINGTON — Lot 16 RD |
$999,000
|
4
|
2.1
|
4,000
|
DETACHD |
10/22
|
| 104 3RD ST |
$1,050,000
|
2
|
2
|
1,151
|
DETACHD |
10/24
|
| 17860 CRESTLINE DR |
$3,300,000
|
4
|
5.2
|
6,810
|
DETACHD |
10/20
|
PENDING SALES (October 20 —October 26, 2008)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| 22 CONDOLEA DR |
$329,900
|
2
|
2
|
1,454
|
CONDO |
36
|
| 12251 ORCHARD HILL RD |
$389,500
|
3
|
2
|
1,868
|
DETACHD |
19
|
| 13036 SIERRA CT |
$509,000
|
3
|
2
|
2,096
|
DETACHD |
104
|
| 2435 PARK RD |
$524,900
|
4
|
3
|
2,940
|
DETACHD |
302
|
| 1012 ANDREWS RD |
$530,000
|
3
|
2
|
2,246
|
DETACHD |
133
|
| 17 CELLINI CT |
$550,000
|
5
|
3.1
|
3,113
|
DETACHD |
170
|
| 17760 LAKE HAVEN DR |
$899,999
|
4
|
2.1
|
2,051
|
DETACHD |
224
|
SOLD (October 13—October 19, 2008)
| ADDRESS | ORIG. PRICE | SALE PRICE |
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| 4 TOUCHSTONE |
$135,900
|
$93,000
|
2
|
2
|
984
|
CONDO |
135
|
| 39 ORIOLE LN |
$345,000
|
$295,000
|
2
|
1.1
|
1,310
|
DETACHD |
206
|
| 16990 LOWER MEADOWS DR |
$515,000
|
$367,500
|
3
|
2.1
|
2,000
|
DETACHD |
600
|
| 2600 BREE CT |
$500,000
|
$385,000
|
4
|
2.1
|
2,895
|
DETACHD |
193
|
| 5475 Willow Court |
$509,000
|
$450,000
|
3
|
2.1
|
2,438
|
ATTACHD | |
| 2811 PARK RD |
$625,000
|
$525,000
|
4
|
2.1
|
2,248
|
DETACHD |
91
|
| 539 2ND ST |
$874,000
|
$543,600
|
2
|
2
|
1,339
|
CONDO |
532
|
| 12986 KNAUS RD |
$849,900
|
$580,000
|
4
|
4
|
3,202
|
DETACHD |
526
|
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.