As you know, Linda and I share the task of writing our Market Activity Report and I do one every other week. I find it very important as it has me reflecting on trends and allows me to really have a reading of the changes in the market. What I noticed this week is twofold. First, condos are hot. They are selling like crazy. This is probably because they tend to be less expensive and the words less expensive are hard to come by these days. Second, the surge in inventory that typically happens as we get into spring hasn’t happened yet. The volume of new listings this past week was nearly identical to what it was two weeks ago. At the same time, pending sales seem to be ticking up. This is a formula for increasing prices. It’s a great time to sell a house in Lake Oswego!
Last week in Lake Oswego we had 15 homes enter the market, 26 moving into pending status, and 17 sold/closed properties.
Following is the breakdown for you according to RMLS:
New on the Market (March 26-April 1, 2018)
Address | Type | Price | BR | Baths | Sq Ft |
52 Oswego Summit | Condo | $204,900 | 1 | 1 | 705 |
4391 Upper Dr | Detached | $549,000 | 4 | 2.5 | 1740 |
5835 Ridgetop Ct | Detached | $675,000 | 4 | 2.5 | 2375 |
58 Aquinas St | Detached | $699,900 | 5 | 33 | 3721 |
12777 Sierra Vista Dr | Detached | $714,000 | 4 | 2.5 | 3144 |
17606 Woodhurst Pl | Detached | $789,900 | 5 | 3.5 | 4707 |
17941 Meadowlark Ln | Detached | $849,000 | 4 | 3.5 | 3905 |
2420 Palisades Crest Dr | Detached | $929,000 | 5 | 2.5 | 3471 |
15545 Village Park Ct | Detached | $935,000 | 4 | 2.5 | 2745 |
5566 Luce Ln | Detached | $990,000 | 5 | 3 | 3088 |
13613 Provincial Hill Way | Detached | $1,075,000 | 5 | 3.5 | 4327 |
17224 Greentree Ave | Detached | $1,279,900 | 4 | 4 | 3545 |
4146 Lakeview Blvd | Detached | $1,500,000 | 4 | 3.5 | 3279 |
1655 Leslie Ln | Detached | $1,725,000 | 4 | 3.5 | 4805 |
1955 Highlands Loop | Detached | $1,995,000 | 4 | 4.5 | 4012 |
Pending Sales (March 26-April 1, 2018)
Address | Type | Price | BR | Baths | Sq Ft | CDOM |
32 Oswego Summit | Condo | $169,900 | 1 | 1 | 752 | 176 |
4647 Lakeview Blvd D-1 | Condo | $179,000 | 1 | 1 | 753 | 171 |
199 Oswego Summit | Condo | $194,000 | 2 | 2 | 1506 | 41 |
45 Eagle Crest Dr #510 | Condo | $246,900 | 1 | 1 | 830 | 32 |
4053 Jefferson Pkwy | Condo | $275,000 | 2 | 2.5 | 1462 | 37 |
5061 Foothills Dr A | Condo | $309,500 | 2 | 2 | 991 | 140 |
6 Britten Ct | Attached | $374,900 | 2 | 1.5 | 1317 | 46 |
6243 SW Dawn Ct | Detached | $429,900 | 3 | 1.5 | 1254 | 5 |
5861 Benfield Ct | Detached | $449,000 | 4 | 2 | 1557 | 34 |
1760 Oak St | Detached | $459,900 | 5 | 2 | 1680 | 1 |
17323 Ashley Ct | Attached | $525,000 | 4 | 2.5 | 2117 | 137 |
8 Sherwood Ct | Detached | $529,900 | 3 | 3.5 | 3212 | 93 |
1660 Woodland Terr | Detached | $538,400 | 4 | 3 | 2728 | 42 |
3827 Bass Ln | Detached | $589,000 | 4 | 2.5 | 2302 | 25 |
13758 Regency Ct | Detached | $615,000 | 3 | 2.5 | 1986 | 155 |
2220 Hillside Dr | Detached | $625,000 | 3 | 2.5 | 2201 | 3 |
17915 Ridge Lake Dr | Detached | $650,000 | 4 | 3.5 | 3304 | 394 |
343 3rd St | Detached | $685,000 | 3 | 3.5 | 2044 | 5 |
16731 Alder Circle | Detached | $699,000 | 3 | 2.5 | 2301 | 7 |
5585 Kilchurn Ave | Detached | $724,900 | 5 | 2.5 | 2929 | 2 |
706 2nd St | Detached | $1,159,900 | 4 | 2.5 | 2737 | 173 |
13587 Meadowcreek Ln | Detached | $1,195,000 | 4 | 2.5 | 3200 | 178 |
505 Iron Mountain Blvd | Detached | $1,245,000 | 5 | 4 | 3015 | 462 |
1925 Childs Rd | Detached | $1,290,000 | 5 | 4.5 | 5207 | 125 |
3914 Edens Edge Dr | Detached | $1,548,000 | 5 | 5.5+.5 | 6635 | 11 |
4262 Upper Dr | Detached | $1,590,000 | 4 | 3.5 | 4096 | 38 |
Sold/Closed (March 26-April 1, 2018)
Address | Type | List Price | Sold Price | Sq Ft | CDOM |
58 Galen St | Condo | $164,000 | $159,000 | 689 | 18 |
4 Touchstone #130 | Condo | $215,000 | $200,000 | 984 | 19 |
86 Oswego Summit | Condo | $225,000 | $225,000 | 1,140 | 2 |
200 Burnham Rd #208 | Condo | $279,000 | $227,500 | 1320 | 195 |
16250 Pacific Hwy #60 | Condo | $249,900 | $239,900 | 1305 | 34 |
18440 Sandpiper Circle | Detached | $350,000 | $325,000 | 1447 | 28 |
16538 Carnegie Ave | Detached | $389,900 | $375,000 | 1182 | 267 |
6030 Shakespeare St | Detached | $429,900 | $432,000 | 1056 | 337 |
40 Nova Ct | Detached | $519,900 | $513,000 | 2308 | 15 |
14595 Sherbrook Pl | Detached | $569,500 | $530,000 | 2028 | 78 |
1895 Greentree Rd | Detached | $580,000 | $540,000 | 2861 | 139 |
16 El Greco St | Detached | $639,000 | $639,000 | 2826 | 3 |
3665 Olson Ct | Detached | $695,000 | $660,000 | 2517 | 82 |
4729 Lakeview Blvd | Detached | $679,000 | $665,000 | 2551 | 75 |
16034 Inverurie Rd | Detached | $839,900 | $865,300 | 3305 | 18 |
1130 Oak Terrace | Detached | $949,000 | $922,500 | 3729 | 0 |
14128 Goodall Rd | Detached | $1,090,000 | $1,083,000 | 2960 | 2 |
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.