Market Activity Report – February 2-8, 2009

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.

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