Lake Oswego saw 14 new properties hit the market last week. We had 6 go pending, and 5 that closed. Looks like some steady activity is continuing.
I think it’s interesting to note that some of the older inventory is moving, and some of the newer inventory is moving rather quickly, relatively speaking, as evidenced by 3 pending sales that had been on the market for over 8 months, and one other achieving pending status in just 7 days! The other two were on the market for less than 3 months before getting to pending status. As for sold/closed properties- one of the 5 had been on the market for over 11 months prior to sale, but we had one sell in about 2 weeks, and 2 that had been on the market for 5 & a just a little over 5 months.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (February 2—February 8, 2009)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
LIST DATE
|
| Address | List Price | # Beds | # Baths | Tot. SF | Prop Type | List Date |
| 45 OSWEGO Summit | $139,900 | 1 | 1 | 764 | CONDO | 2/2/2009 |
| 3882 BOTTICELLI ST | $224,900 | 3 | 2 | 1,224 | ATTACHD | 2/3/2009 |
| 204 CERVANTES CIR | $259,000 | 3 | 1.1 | 1,138 | CONDO | 2/3/2009 |
| 790 BOCA RATAN DR | $269,900 | 3 | 2 | 2,112 | DETACHD | 2/6/2009 |
| 17304 MARJORIE AVE | $333,000 | 3 | 1.1 | 1,340 | DETACHD | 2/3/2009 |
| 1685 MAPLELEAF RD | $365,000 | 3 | 2 | 1,433 | DETACHD | 2/2/2009 |
| 1299 HIDE A WAY LN | $425,000 | 3 | 2 | 1,893 | DETACHD | 2/8/2009 |
| 1510 FERNWOOD DR | $595,000 | 5 | 3 | 3,291 | DETACHD | 2/4/2009 |
| 2957 GLEN EAGLES RD | 599000 | 4 | 3 | 3,288 | DETACHD | 2/3/2009 |
| 5772 BAY CREEK DR | 599000 | 4 | 3 | 3,242 | DETACHD | 2/5/2009 |
| 17879 HILLSIDE DR | 674900 | 3 | 3 | 3,049 | DETACHD | 2/5/2009 |
| 1991 COUNTRY CLUB RD | 879000 | 4 | 4 | 3,414 | DETACHD | 2/6/2009 |
| 17460 Wren CT | 1495000 | 4 | 3.1 | 3,300 | DETACHD | 2/8/2009 |
| 4313 WESTBAY RD | 2775000 | 4 | 3.1 | 4,000 | DETACHD | 2/2/2009 |
PENDING SALES (February 2—February 8, 2009)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| Address | List Price | # Beds | # Baths | Tot. SF | Prop Type | List Date | CDOM |
| 44 EAGLE CREST DR | $114,950 | 1 | 1 | 798 | CONDO | 1/29/2009 | 7 |
| 95 KINGSGATE RD | $310,000 | 3 | 2.1 | 1,669 | DETACHD | 12/14/2008 | 51 |
| 5291 CHINOOK CT | $375,000 | 7 | 3 | 2,331 | DETACHD | 12/8/2008 | 286 |
| 4761 LAMONT WAY | $390,000 | 3 | 2 | 1,816 | DETACHD | 11/13/2008 | 83 |
| 1555 BAY VIEW LN | $995,000 | 4 | 4.1 | 4,775 | DETACHD | 1/19/2009 | 277 |
| 13200 THOMA RD | $1,995,000 | 5 | 5.2 | 7,648 | DETACHD | 11/4/2008 | 504 |
SOLD (February 2—February 8, 2009)
| ADDRESS | ORIG. PRICE | SALE PRICE |
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| Address | O/Price | Close Price | # Beds | # Baths | Tot. SF | Prop Type | List Date | CDOM |
| 3668 SPRING LN | $199,900 | $164,400 | 2 | 2 | 1,120 | CONDO | 1/6/2009 | 16 |
| 4206 WOODSIDE CIR | $284,900 | $284,900 | 2 | 2 | 1,799 | ATTACHD | 8/3/2008 | 151 |
| 1640 WORTHINGTON ST | $359,900 | $335,500 | 4 | 3 | 2,342 | DETACHD | 10/28/2008 | 66 |
| 5079 W SUNSET DR | $458,650 | $365,000 | 2 | 2.1 | 1,760 | ATTACHD | 7/25/2008 | 336 |
| 13217 FOX RUN | $610,000 | $508,200 | 4 | 3 | 2,706 | DETACHD | 6/23/2008 | 160 |
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.