Market Activity Dec 25-31, 2023

I think last week, the week between Christmas and New Year’s, is probably the slowest week of the year for real estate activity. Yet, real estate still happens. In Lake Oswego there were 2 new listings, one of which sold quickly, and appears in this report as a pending sale. There were 3 pending sales, and, impressively, there were 10 closed sales.

The reason that real estate still happens, even on the slowest week of the year, is because life still happens. People get married, get new jobs, have babies, life goes on. There is literally no time of the year that isn’t a good time to buy a house or to sell a house.

See below for RMLS data.

New Listings Dec 25-31, 2023

AddressTypePriceBedroomsBathsSq Feet
4 Touchstone #143Condo$270,00032.51350

Pending Sales Dec 25-31, 2023

AddressTypePriceBedroomsBathsSq FeetDOM
1621 Ash StDetached$699,9003218873
2348 Overlook DrDetached$963,00053256783
4360 Westbay RdDetached$1,245,00043263630

Sold/Closed Dec 25-31, 2023

AddressTypeList PriceClosed PriceSq FeetCDOM
86 Kingsgate Rd #22Condo$335,000$299,500924125
4621 Lakeview Blvd C3Condo$329,900$331,500117812
141 Touchstone CtAttached$589,000$575,000206690
16240 Parker RdDetached$679,000$650,0001454269
5270 Red Leaf RdDetached$700,000$670,000133047
6050 Childs RdDetached$900,000$850,000212917
18368 Tamaway DrDetached$1,150,000$1,130,000374140
3324 Sabina CtDetached$1,250,000$1,212,50025507
4974 Cascara LnDetached$1,285,000$1,285,00034762
5309 Denton DrDetached$1,620,000$1,465,000362626

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.