Last week brought 19 new listings onto the market, 13 pending sales, and 9 closed sales. This week I noticed four really interesting new listings. As you know, Linda and I weed out the “new” listings that are simply old listings with new listing numbers. So each week we research the market history to report on properties that really are new on the market. This week there are several new listings that were pulled off the market months ago and are now being re-listed at drastically reduced prices. I’m not talking about a minor price reduction, I’m talking about slashing the price. In two cases the houses are now on the market as bank foreclosures, and in two cases it looks to me like home owners who are saying “What’s it going to take to get my house sold?” Here are the reductions: 18064 Jenifers Way, reduced $150,000; 2000 Wembly Park, reduced $325,000; 702 Terrace, reduced $420,000; and 830 Cabana, reduced $727,000. These are incredible price reductions and represent real investment opportunities.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (Oct. 19—Oct.25, 2009)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
LIST DATE
|
| Address | Close Price | List Price | # BR | # BTHS | Total SF | Prop Type | List Date | |
| 47 EAGLE CREST DR | $148,000 | 3 | 1 | 1,024 | CONDO | 10/19/2009 | ||
| 16790 LAKE FOREST BLVD | $179,000 | 2 | 1 | 780 | DETACHD | 10/25/2009 | ||
| 16535 ROOSEVELT AVE | $259,000 | 3 | 2 | 1,495 | DETACHD | 10/19/2009 | ||
| 5225 JEAN RD | $259,900 | 2 | 2 | 1,400 | CONDO | 10/23/2009 | ||
| 16546 BONAIRE AVE | $274,900 | 3 | 1 | 1,064 | DETACHD | 10/19/2009 | ||
| 14300 SHERBROOK PL | $354,500 | 3 | 2.1 | 1,924 | DETACHD | 10/22/2009 | ||
| 17755 HILL WAY | $364,900 | 4 | 3 | 1,831 | DETACHD | 10/22/2009 | ||
| 16018 WALUGA DR | $415,000 | 4 | 2 | 2,200 | DETACHD | 10/20/2009 | ||
| 3402 LAKE GROVE AVE | 442000 | 3 | 2 | 1,686 | DETACHD | 10/25/2009 | ||
| 702 TERRACE DR | 475000 | 3 | 3 | 3,429 | DETACHD | 10/23/2009 | ||
| 209 HIDALGO ST | 498000 | 4 | 2.1 | 2,620 | DETACHD | 10/21/2009 | ||
| 17670 MARYLBROOK DR | 499000 | 3 | 2.1 | 3,067 | DETACHD | 10/22/2009 | ||
| 2000 WEMBLEY PARK RD | 540000 | 4 | 3 | 2,660 | DETACHD | 10/21/2009 | ||
| 18064 JENIFERS WAY | 599000 | 3 | 2.1 | 2,859 | DETACHD | 10/23/2009 | ||
| 830 CABANA LN | 668250 | 4 | 3.1 | 3,029 | DETACHD | 10/20/2009 | ||
| 13278 ROGERS RD | 695000 | 3 | 2.1 | 2,964 | DETACHD | 10/19/2009 | ||
| 13315 HIDDEN BAY CT | 729000 | 5 | 2.1 | 3,671 | DETACHD | 10/23/2009 | ||
| 548 RIDGEWAY RD | 1195000 | 4 | 3 | 2,830 | DETACHD | 10/19/2009 | ||
| 1626 ENGLEWOOD DR | 1750000 | 4 | 2.2 | 5,690 | DETACHD | 10/19/2009 |
PENDING SALES (Oct. 19 -Oct. 25, 2009)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| Address | List Price | # BR | # BTHS | Total SF | Prop Type | CDOM | |||
| 4 TOUCHSTONE | $119,900 | 2 | 2 | 984 | CONDO | 43 | |||
| 3930 LAKE GROVE AVE | $144,900 | 2 | 1 | 952 | CONDO | 28 | |||
| 73 OSWEGO SMT | $159,900 | 2 | 2 | 1,212 | CONDO | 440 | |||
| 4948 SW MEADOWS AVE | $229,000 | 3 | 2 | 2,491 | DETACHD | 122 | |||
| 3497 DEVONSHIRE DR | $259,900 | 3 | 2 | 1,556 | ATTACHD | 145 | |||
| 5347 RED LEAF ST | $329,000 | 3 | 2 | 1,456 | DETACHD | 14 | |||
| 5096 SW TREE ST | $334,900 | 3 | 1.1 | 1,410 | DETACHD | 462 | |||
| 17366 CARDINAL DR | $425,000 | 4 | 2.1 | 2,107 | DETACHD | 56 | |||
| 13584 TWIN CREEK LN | $449,900 | 4 | 2.1 | 2,615 | DETACHD | 2 | |||
| 410 LAUREL ST | $464,500 | 4 | 2.1 | 2,064 | DETACHD | 138 | |||
| 13175 THOMA RD | $579,900 | 3 | 2 | 1,920 | DETACHD | 8 | |||
| 19463 LORNA LN | $805,000 | 4 | 3.1 | 4,024 | DETACHD | 6 | |||
| 13083 SW KNAUS RD | $2,295,000 | 5 | 4.1 | 4,900 | DETACHD | 598 |
SOLD (Oct. 19-Oct. 25, 2009)
| ADDRESS | ORIG. PRICE | SALE PRICE |
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| Address | O/Price | Close Price | # BR | # BTHS | Total SF | Prop Type | CDOM | ||
| 340 CERVANTES CIR | $120,000 | $105,000 | 2 | 1.1 | 912 | CONDO | 122 | ||
| 15230 BOONES WAY | $164,900 | $158,500 | 2 | 2 | 1,185 | CONDO | 77 | ||
| 195 OSWEGO SMT | $279,900 | $183,700 | 2 | 2 | 1,506 | CONDO | 343 | ||
| 5 PEACOCK PL | $330,000 | $289,500 | 4 | 2.1 | 1,760 | DETACHD | 169 | ||
| 17860 Sundown CT | $499,900 | $320,000 | 4 | 3.1 | 3,480 | DETACHD | 136 | ||
| 14141 GOODALL RD | $359,900 | $375,000 | 3 | 2.1 | 1,754 | DETACHD | 91 | ||
| 19 TOUCHSTONE | $415,000 | $390,000 | 4 | 3 | 2,789 | DETACHD | 107 | ||
| 5329 Langford LN | $725,000 | $719,000 | 3 | 2.1 | 2,962 | DETACHD | 302 | ||
| 1708 VILLAGE PARK LN | 899000 | 889000 | 4 | 2.1 | 3,211 | DETACHD | 13 |
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.