Market Activity for May 16-22, 2011

Last week in Lake Oswego 21 new listings came onto the market, 19 houses became pending sales, and 15 sales closed. I always look for an interesting bit of information as I put together these reports. What stood out this week was the fact that of the 15 closed sales, 8 sold in less than 30 days, of which 2 sold in less than a week. So there are signs of life in this real estate market. A house that is well priced and in the right condition will sell quickly.
See below for further details (data derived from RMLS):

NEWLY LISTED (May 16-22, 2011)

Address Type Price Sq FT BR Baths
322 Cervantes Cir Condo $99,990 832 2 1
4057 Jefferson Pkwy Attached $157,000 1228 3 2.5
3878 Botticelli St Attached $199,000 1171 3 2
15471 Brianne Ct Attached $249,900 1204 2 2.5
6138 Kenny St Detached $289,900 1190 3 1.5
755 5th St Detached $349,000 927 2 1
17071 Rebecca Ln Detached $399,900 2020 4 3
4727 Cambridge Ct Attached $399,900 2914 2 2.5
4737 Lakeview Blvd Detached $439,000 2546 4 2.5
3811 Childs Rd Detached $450,000 2006 3 2.5
46 Touchstone Detached $465,000 2271 4 3
14 Northview Ct Detached $475,000 2863 4 3.5
18 Morningview Cir Detached $540,000 2931 3 2.5
14390 Pfeifer Dr Detached $639,900 3337 5 3
14600 Pfeifer Way Detached $675,000 3462 4 2.5
4076 Orchard Dr Detached $759,000 3991 4 3.5
16827 Scott Ct Detached 829,000 3952 4 3.5
2917 Westview Cir Detached $1,150,000 4470 5 4.5
590 Oak Meadows Dr Detached $1,190,000 4584 4 4.5
3149 Douglas Cir Detached $1,195,000 5237 5 3.5+.5
17618 Crestline Dr Detached $1,495,000 6317 4 3.5+.5

PENDING SALES (May 16-22, 2011)

Address Type Price Sq Ft BR Baths CDOM
16250 Pacific Hwy #71 Condo $114,900 1305 2 2 50
20 Cervantes Cir Condo $136,500 912 2 1.5 34
218 Cervantes Condo $149,000 1320 2 1.5 65
5110 Lakeview Blvd Detached $239,500 1340 3 2 455
3 Saint Helens Cir Detached $249,500 1472 2 2 82
17401 Hill Way Detached $249,900 1597 3 2 90
1740 Kilkenny Dr Detached $274,999 2000 4 2.5 45
4235 Harvey Way Detached $279,000 1384 3 2 556
9 Churchill Downs Detached $339,900 1914 3 2 13
1270 Hida A Way Ln Detached $350,000 1907 3 2.5 19
960 Lake Forest Dr Detached $419,900 2838 3 2 424
4398 Glacier Lily St Detached $425,000 2936 4 2.5 67
1831 Kilkenny Dr Detached $425,000 2597 5 3 8
14674 Rainbow Dr Detached $449,000 3108 4 3 206
5287 Langford Ln Detached $599,900 2972 4 2.5 342
12387 Clara Ln Detached $750,000 3547 4 3 19
17471 Cardinal Dr Detached $899,900 3181 4 3.5 178
1115 Northshore Rd Detached $1,250,000 4330 4 4.5 385
14001 Goodall Rd Detached $1,329,000 5397 4 3.5 48

SOLD (May 16-22, 2011)

Address Orig. Price Sold Price Type Sq Ft CDOM
3930 Lake Grove Ave 4A $109,000 $103,500 Condo 952 11
200 Burnham Rd #203 $115,000 $105,000 Condo 1160 6
100 Leonard St #3 $249,000 $220,000 Condo 1364 23
4382 Woodside Cir $275,000 $254,900 Attached 1250 37
928 Lake Front Rd $345,000 $285,000 Detached 2300 127
1459 Greentree Cir $310,000 $307,000 Detached 1683 156
1925 Mapleleaf Ct $389,900 $405,000 Detached 2096 3
1416 Cherry Crest Dr $439,900 $412,000 Detached 2792 45
4978 Bilford Ln $449,000 $440,000 Detached 2456 19
19319 SW Dogwood Ct $519,900 $480,000 Detached 3105 307
3885 Upper Dr $729,000 $499,000 Detached 3122 342
1088 Westward Ho Rd $648,000 $550,000 Detached 1837 86
5 Cellini Ct $697,000 $629,000 Detached 4895 323
17301 Bergis Farm Dr $1,060,000 $990,000 Detached 4737 12
17960 Crestline Dr $1,375,000 $1,250,000 Detached 3251 16

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

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