Market Activity for Feb. 7-13, 2011

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

2 Replies to “Market Activity for Feb. 7-13, 2011”

  1. 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.

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