Last Week Lake Oswego saw 15 New properties enter the market, 6 move to Pending status, and 3 Closed sales.
See below for further details according to RMLS:
NEWLY LISTED (Feb 7-13, 2011)
| Address | Type | Price | Sq FT | BR | Baths |
| 88 Cervantes | Condo | $129,900 | 912 | 2 | 1.5 |
| 45 Eagle Crest Dr #308 | Condo | $169,000 | 1124 | 2 | 2 |
| 16250 Pacific Hwy #44 | Condo | $275,000 | 2 | 2 | 1305 |
| 14418 Orchard Springs Rd | Detached | $358,900 | 3 | 2.5 | 1710 |
| 14402 Orchard Springs Rd | Detached | $399,900 | 5 | 3 | 2175 |
| 29 Walking Woods Dr | Detached | $410,000 | 3 | 2 | 2311 |
| 785 5th St | Detached | $445,000 | 3 | 2 | 2112 |
| 12751 Sierra Vista Dr | Detached | $469,900 | 3 | 2 | 2097 |
| 17764 Kelok Rd | Detached | $542,000 | 4 | 3 | 2729 |
| 5088 Woodcrest Ln | Detached | $599,900 | 4 | 2.5 | 3056 |
| 5463 Denton Dr | Detached | $739,000 | 4 | 2.5 | 3553 |
| 5811 Stewart Glenn Ct | Detached | $749,000 | 4 | 2.5 | 3721 |
| 13090 Knaus Rd | Detached | $769,900 | 4 | 3.5 | 3504 |
| 17833 Marylcreek Dr | Detached | $775,000 | 5 | 4.5 | 5495 |
| 14066 Goodall Rd | Detached | $1,050,000 | 4 | 3.5 | 4220 |
PENDING SALES (Feb 7-13, 2011)
| Address | Type | Price | Sq Ft | BR | Baths | CDOM |
| 103 3rd St | Condo | $259,000 | 1006 | 2 | 2 | 288 |
| 4821 Dawn Ave | Detached | $324,999 | 1955 | 3 | 2 | 50 |
| 4703 Cambridge Ct | Attached | $412,000 | 2914 | 3 | 2.5 | 438 |
| 5157 Denton Dr | Detached | $659,900 | 3087 | 4 | 2.5 | 174 |
| 17424 Bryant Rd | Detached | $699,000 | 3278 | 4 | 4 | 1701 |
| 1309 Horseshoe Curve | Detached | $849,000 | 3087 | 4 | 3 | 58 |
SOLD (Feb 7-13, 2011)
| Address | Orig. Price | Sold Price | Type | Sq Ft | CDOM |
| 790 Boca Ratan Dr | $269,900 | $230,000 | Detached | 2112 | 284 |
| 691 G Ave | $620,000 | $620,000 | Detached | 2789 | 24 |
| 15459 Village Dr | $695,000 | $625,000 | Detached | 3059 | 88 |
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
I don’t like the news that 15 properties have entered your list to be sold. Are those from forecloseure? Or there is a trend of moving out of the Lake Oswego area that’s why houses are being sold?
15 new listings for the week is about average. If you go back through the weekly reports, you’ll see that this is pretty much how it goes. We get the occasional week with fewer, and in the spring a few weeks with many more. So I am not alarmed by 15 new listings. It isn’t an indication of increasing foreclosures. After seeing your comment, I went back into the data. Of the 15 houses, only 1 is a foreclosure.
What bothered me this week was seeing the pending sales back down. It doesn’t matter how many are coming onto the market as long as a similar number is selling. Last week only had 6 houses go pending. That is a drop from the activity of January and even December. So we have hit a little lull.
The market does fluctuate. I want to see the pendings go back up.
And an FYI. Linda and I go through the data and do not include “refreshed” listings. These are listings that grow old and get re-listed with new MLS numbers. We try to reflect genuinely “new” listings. If I had included all of the listings posting as new in the RMLS, there would be 29.
Thanks for reading.