Market Activity April 15-21, 2013

There were some interesting things about last week’s market activity that popped out at me. First, condominium sales are picking up pretty aggressively. Several complexes that I have been following have had recent sales SIGNIFICANTLY higher in value than just a year ago. I attribute this to the fact that the foreclosures are sold and actual market value is taking over. The other trend I am noticing is houses that sat on the market, did not sell, were taken off the market a year or two ago, are now being re-listed and selling quickly.

Lake Oswego had 34 new listings last week, 26 pending sales, and 9 closed transactions.

Here are further details regarding last week’s Market Activity, according to RMLS:

NEW SALES (Apr 15-21, 2013):

Address Type Price BR Bths SF
4000 Carman Dr #60 Condo $165,000 2 2 866
4075 Jefferson Pkwy #18 Condo $172,500 2 2.5 1182
16250 Pacific Hwy #64 Condo $225,000 2 2 1305
15472 Brianne Ct Attached $239,000 2 2.5 1208
52 Greenridge Ct Attached $275,000 3 2.5 2524
14854 Twin Fir Rd Detached $297,500 3 2 1287
5686 Washington Ct Detached $310,000 2 2 1342
14 Polonius St Detached $329,900 4 4 2828
5753 Windfield Loop Detached $330,000 3 2 1503
825 Oak St Detached $359,000 3 2 1350
6173 Washington Ct Detached $370,000 2 2 1440
17521 Hill Way Detached $375,000 3 2 2283
821 Evergreen Rd Detached $394,900 2 1 920
1467 Greentree Circle Detached $420,000 3 2 1896
8 Hotspur St Detached $450,000 3 2.5 1954
5570 Kilchurn Ave Detached $649,900 4 2.5 2931
816 9th St Detached $650,000 4 3 3033
2002 Cedar Ct Detached $659,000 3 2 2945
14350 Meadow Grass St Detached $674,900 4 3 3329
13210 Deerfield Detached $679,900 4 2.5 3341
1876 Palisades Lake Ct Detached $694,900 3 2.5 3178
17450 Treetop Way Detached $695,000 4 3 3752
13100 Boones Ferry Rd Detached $695,000 3 2 2370
19201 Maree Ct Detached $749,000 5 2.5 4070
17485 Brookhurst Dr Detached $749,500 4 3.5 4550
13836 Amberwood Circle Detached $769,000 3 2.5 3985
3600 Southshore Blvd Detached $824,900 3 2.5 2117
3012 Rivendell Rd Detached $900,000 5 4.5 4607
760 7th St Detached $969,000 4 4.5 4536
SW Ash St Detached $1,200,000 4 3.5 3600
18325 Crestline Dr Detached $1,275,000 5 4 5784
17485 Cardinal Dr Detached $1,325,000 4 3.5 3406
705 Terrace Dr Detached $1,795,000 4 3.5 3686
2500 Glen Eagles Rd Detached $2,295,000 5 4.5 5565

PENDING SALES (Apr 15-21, 2013)

Address Type Price BR Baths SF DOM
4 Touchstone #152 Condo $135,000 3 2.5 1351 35
206 Oswego Summit Condo $175,000 2 2 1506 71
4417 Thunder Vista Ln Condo $179,000 2 2.5 1455 49
51 Greenridge Ct Attached $205,000 2 2 1348 10
5813 SW Kennycroft Way Detached $222,000 3 1 1182 3
5056 Foothills Dr D Condo $259,000 2 2 1252 47
72 Greenridge Ct Attached $269,000 3 3 1824 7
63 Greenridge Ct Attached $270,000 3 2 1788 1
2256 Glenmorrie Dr Detached $299,500 3 2 1628 87
769 2nd St Detached $310,000 3 1 1200 497
18903 Terry Ave Detached $339,000 3 2 1236 65
1720 Mapleleaf Rd Detached $369,000 3 2 1584 2
497 Livingood Ln Detached $375,000 3 2.5 2144 87
13242 Vermeer Dr Detached $408,000 3 2.5 2100 8
618 5th St Detached $425,000 4 2.5 2320 201
16168 Lake Forest Blvd Detached $449,900 4 3 2276 34
7 Westminster Dr Detached $499,950 5 3 2974 7
1131 Devon Ln Detached $599,900 3 3.5 3179 230
16723 Bonaire Ave Detached $619,500 4 3 2847 6
1921 Glenmorrie Ln Detached $624,000 3 3 2375 116
1579 Bay View Ln Detached $659,698 4 3 4685 117
1222 Glenmorrie Dr Detached $699,999 4 3 2875 49
19371 SW Riverwood Ln Detached $875,600 4 4.5 5048 244
1000 Upper Devon Ln Detached $895,000 4 3.5 3535 472
752 8th St Detached $969,000 4 3.5 4550 495
1075 Chandler Rd Detached $1,495,000 5 4.5 5710 5

SOLD (Apr 15-21, 2013)

Address Type List Price Closed Price Sq Ft CDOM
100 Kerr Pkwy #26 Condo $69,900 $67,000 617 32
18959 Kristi Way Detached $350,000 $350,000 1778 33
2 Sherwood Ct Detached $509,995 $405,000 3306 305
19226 Megan Pl Detached $549,500 $500,000 3,392 264
2830 Park Rd Detached $524,900 $510,000 3115 7
831 Northshore Rd Detached $800,000 $785,000 2113 348
1291 Lake Garden Ct Detached $897,500 $897,500 3254 268
661 6th St Detached $795,000 $927,738 2741 232
399 Furnace St Attached $2,150,000 $1,585,000 3664 379

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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