I think we are at an interesting juncture in the real estate market. We have all heard of a “buyer’s” market, where buyers are in control, and a “seller’s” market, where sellers get what they want. I think right now our market is very balanced. I look at the closed and pending sales from last week, combined they equal 41 properties, and 13 of them, about 25%, sold in less than 2 weeks. 11 took more than 3 months to sell. Bottom line is price your property right and you will sell quickly and likely have a very smooth transaction. Over pricing leads to extended market time. That is just how it works.
Last week in Lake Oswego we had 17 new listings, 21 properties go into pending status, and 20 closed/sold homes.
Following is the breakdown for you according to RMLS:
New on the Market (Sept 10-16, 2018)
| Address | Type | Price | BR | Baths | Sq Ft |
| 100 Kerr Parkway #19 | Condo | $169,900 | 1 | 1 | 617 |
| 6925 Montauk Circle | Condo | $215,000 | 2 | 1 | 927 |
| 4 Touchstone #155 | Condo | $219,900 | 3 | 2.5 | 1351 |
| 5225 Jean Rd | Condo | $264,900 | 2 | 2 | 1098 |
| 4043 Jefferson Parkway | Condo | $289,900 | 2 | 2.5 | 1182 |
| 110 Kingsgate Rd | Detached | $494,900 | 3 | 2.5 | 1669 |
| 14311 Sherbrook Pl | Detached | $498,000 | 3 | 2 | 1702 |
| 63 Greenridge Ct | Attached | $549,000 | 3 | 2 | 1789 |
| 17 Laurel St | Detached | $575,000 | 3 | 1.5 | 3096 |
| 6474 Frost St | Detached | $649,900 | 4 | 2.5 | 2216 |
| 6123 Frost Ln | Detached | $650,000 | 4 | 2.5 | 2338 |
| 1010 Upper Devon Ln | Detached | $699,000 | 4 | 2.5 | 3066 |
| 6044 Clairmont Ct | Detached | $989,900 | 4 | 2.5 | 3430 |
| 1813 Palisades Lake Ct | Detached | $1,015,000 | 5 | 3.5 | 4119 |
| 19114 35th Pl | Detached | $1,200,000 | 4 | 4.5 | 5447 |
| 19025 Hilltop | Detached | $1,975,000 | 5 | 4 | 5015 |
| 4101 Southshore Blvd | Detached | $3,995,000 | 3 | 3.5 | 3707 |
Pending Sales (Sept 10-16, 2018)
| Address | Type | Price | BR | Baths | Sq Ft | CDOM |
| 39 Oswego Summit | Condo | $220,000 | 2 | 2 | 1212 | 88 |
| 4652 Lower Dr | Condo | $220,000 | 2 | 1.5 | 1170 | 64 |
| 1033 Hallinan St | Detached | $414,900 | 3 | 1 | 936 | 16 |
| 4301 Collins Way | Detached | $519,000 | 3 | 2 | 1617 | 21 |
| 17310 Canyon Dr | Detached | $550,000 | 5 | 3 | 2716 | 106 |
| 775 Boca Ratan Dr | Detached | $550,000 | 4 | 3.5 | 2710 | 113 |
| 553 6th St | Detached | $579,000 | 1 | 1 | 1876 | 38 |
| 36 Westridge Dr | Detached | $584,999 | 4 | 3 | 2803 | 59 |
| 145 Del Prado St | Detached | $600,000 | 3 | 2 | 2137 | 25 |
| 17036 Crestview Dr | Detached | $620,000 | 4 | 3 | 2768 | 91 |
| 13055 Princeton Ct | Detached | $625,000 | 4 | 2.5 | 3142 | 42 |
| 4515 Oakridge Rd | Attached | $630,000 | 3 | 2.5 | 1981 | 124 |
| 5700 Ridgetop Ct | Detached | $674,000 | 4 | 2.5 | 2737 | 8 |
| 17436 Wren Ct | Detached | $715,000 | 3 | 3 | 2311 | 32 |
| 2013 Ridgewood Rd | Detached | $734,300 | 4 | 2.5 | 3181 | 79 |
| 350 6th ST | Detached | $749,000 | 3 | 3 | 2329 | 70 |
| 4896 Hastings Dr | Detached | $799,900 | 4 | 2.5 | 2785 | 2 |
| 452 7th St | Detached | $1,050,000 | 4 | 2.5 | 2600 | 61 |
| 2277 Summit Dr | Detached | $1,150,000 | 4 | 3.5 | 4659 | 66 |
| 3817 Upper Dr | Detached | $1,629,000 | 4 | 3.5 | 4246 | 3 |
| 2090 Crest Dr | Detached | $1,695,000 | 3 | 2.5 | 3258 | 59 |
Sold/Closed (Sept 10-16, 2018)
| Address | Type | List Price | Sold Price | Sq Ft | CDOM |
| 92 Oswego Summit | Condo | $175,000 | $175,000 | 764 | 2 |
| 109 Oswego Summit | Condo | $234,900 | $237,900 | 1212 | 4 |
| 236 Ridgeway Rd 16A | Condo | $250,000 | $250,000 | 914 | 10 |
| 5225 Jean Rd #501 | Condo | $349,900 | $349,900 | 1500 | 6 |
| 9 Oriole Ln | Detached | $429,000 | $411,000 | 1928 | 159 |
| 16060 Bonaire Ave | Detached | $389,000 | $450,000 | 960 | 3 |
| 1660 Woodland Terrace | Detached | $509,000 | $497,090 | 2728 | 188 |
| 17141 Hofer Ct | Detached | $515,000 | $530,750 | 2076 | 5 |
| 1459 Greentree Circle | Detached | $595,000 | 550000% | 1716 | 29 |
| 2401 Hillside Dr | Detached | $649,900 | $649,900 | 3342 | 15 |
| 1435 Greentree Circle | Detached | $650,000 | $650,000 | 2269 | 2 |
| 55 Northshore Rd #1 | Condo | $759,000 | $765,000 | 2750 | 54 |
| 17682 Stafford Rd | Detached | $975,000 | $975,000 | 3313 | 74 |
| 1828 Egan Way | Detached | $1,195,000 | $1,050,000 | 3779 | 340 |
| 1563 Bay View Ln | Detached | $1,740,000 | $1,057,000 | 5615 | 396 |
| 790 Terrace Dr | Detached | $1,195,000 | $1,112,500 | 3734 | 125 |
| 17210 Cedar Rd | Detached | $2,095,000 | $1,875,000 | 2813 | 40 |
| 260 Iron Mountain Blvd | Detached | $2,798,000 | $2,400,000 | 6048 | 802 |
| 13188 Twin Creek Ct | Detached | $859,000 | $850,000 | 3480 | 20 |
| 418 Northshore Rd | Detached | $1,098,000 | $935,000 | 2838 | 190 |
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.