The real estate market is really heating up. Buyers are out in hordes wanting to take advantage of the lowest interest rates in decades. They have gotten themselves pre-approved and are ready to go. The issue is, inventory is incredibly low. For every property that comes on the market, there are half a dozen buyers ready to buy. The result? Houses are selling fast, often with multiple offers. It is very much a sellers market. With multiple offers houses are frequently selling at or over the list price. So yes, this late winter and spring market truly is an amazing time to sell your house.
In Lake Oswego last week we had 6 properties come onto the market, 12 move into pending status with an accepted offer, and 16 closed sales.
See below for RMLS data and an explanation of this chart.
New on the Market Jan 18-24, 2021
Address
Type
Price
BR
Baths
Sq Ft
16250 Pacific Hwy #59
Condo
$319,000
2
2
1305
2574 Palisades Crest Dr
Detached
$975,000
4
2.5+.5
4563
17311 Canyon Dr
Detached
$1,099,500
6
3
5376
667 Lake Bay Ct
Detached
$1,899,900
4
3.5
3616
1340 Cherry Ln
Detached
$2,145,000
4
4.5+.5
5922
16470 Phantom Bluff Ct
Detached
$2,695,000
4
4.5
5188
Pending sales Jan 18-24, 2021
Address
Type
Price
BR
Baths
Sq Ft
CDOM
5225 Jean Rd #510
Condo
$305,000
2
2
1100
5
456 5th St
Condo
$450,000
2
1.5
1092
1
1238 Laurel St
Detached
$524,900
3
2
1485
2
1920 Southshore Blvd
Detached
$569,900
3
2
1313
8
6126 Frost Ln
Detached
$749,000
5
3
2497
9
4264 West Bay Rd
Detached
$799,000
3
2
1308
2
4850 Lower Dr
Detached
$825,000
4
3
2700
11
2145 Summit Dr
Detached
$1,000,000
4
2.5+.5
3111
48
975 Schukart Ln
Detached
$1,198,000
4
2.5
4449
350
16234 Waluga Dr
Detached
$1,349,000
5
3.5
3130
86
701 4th St
Detached
$1,450,000
3
2.5
2786
43
3735 Upper Dr
Detached
$2,000,000
4
4
4056
137
Closed/Sold Jan 18-24, 2021
Address
Type
List Price
Sold Price
Sq Ft
CDOM
42 Cervantes Circle
Condo
$189,000
$185,000
912
4
7200 Montauk Circle
Condo
$219,900
$228,000
968
3
47 Eagle Crest Dr #62
Condo
$249,000
$233,000
1026
77
668 McVey Ave #85
Condo
$274,900
$290,000
992
4
4047 Jefferson Pkwy
Condo
$330,000
$346,000
1228
1
27 Bloch Terr
Attached
$425,000
$442,000
1972
3
15012 Twin Fir Rd
Detached
$599,900
$610,000
3372
18861 Indian Springs Circle
Detached
$635,000
$645,000
1649
2
17012 Crestview Dr
Detached
$699,000
$699,000
2750
4
5228 Lower Dr
Detached
$850,000
$839,950
2723
101
802 Clara Ct
Detached
$850,000
$875,000
2886
3
3000 Brookside Rd
Detached
$999,950
$950,000
1600
50
6 Essex Ct
Detached
$998,000
$998,000
4338
42
5055 Lakeview Blvd
Detached
$1,298,000
$1,245,000
3607
28
1200 Lake Garden Ct
Detached
$1,400,000
$1,400,000
3347
16
3509 Lanewood St
Detached
$1,799,000
$1,790,900
3830
114
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.
