I think that the fact that our current real estate market is lacking inventory is pretty well known. There are many more buyers trying to buy homes than there are homes for sale. Preparing this market activity report a first has happened. Last week in Lake Oswego there was just one new listing. In all of the many years that Linda and I have been writing the blotter, I don’t recall that this has happened before. Hopefully it’s just a fluke and in the coming weeks the inventory will start to build up to meet the spring demand. Last week there were also 12 properties that accepted offers and went into pending status, as well as 18 closed/sold houses.
See below for RMLS data explanations
New on the market February 15-22, 2021
| Address | Type | Price | BR | Baths | Sq Ft |
| 4832 Redwing Way | Detached | $599,900 | 3 | 2 | 1472 |
Pending sales February 15-21, 2021
| Address | Type | Price | BR | Baths | Sq Ft | CDOM |
| 100 Kerr Pkwy #5 | Condo | $169,000 | 1 | 1 | 617 | 171 |
| 3930 Lake Grove Ave 1B | Condo | $215,000 | 2 | 1 | 958 | 11 |
| 4320 Botticelli ST #11 | Attached | $309,900 | 2 | 2.5+.5 | 2260 | 18 |
| 16880 Cortez Ct | Detached | $599,900 | 3 | 3 | 2313 | 3 |
| 5091 Tualata Ln | Detached | $625,000 | 3 | 2 | 1500 | 6 |
| 853 E Ave | Detached | $650,000 | 2 | 1 | 750 | 6 |
| 19603 River Run Dr | Detached | $800,000 | 4 | 2.5 | 2656 | 6 |
| 15606 Manchester Dr | Detached | $849,900 | 3 | 2.5 | 2656 | 3 |
| 1920 Park Forest Ave | Detached | $1,125,000 | 3 | 3 | 2679 | 19 |
| 17884 Kelok Rd | Detached | $1,229,000 | 4 | 3.5 | 4124 | 19 |
| 2230 Wembley Park Rd | Detached | $1,785,000 | 5 | 4.5 | 4607 | 36 |
| 907 Terrace Dr | Detached | $2,875,000 | 6 | 4.5+.5+.5 | 7296 | 128 |
Closed/Sold February 15-22, 2021
| Address | Type | List Price | Sold Price | Sq Ft | CDOM |
| 3872 Botticelli St | Condo | $289,900 | $293,000 | 1171 | 124 |
| 16250 Pacific Hwy #59 | Condo | $319,000 | $319,000 | 1,305 | 9 |
| 5225 Jean Rd #510 | Condo | $305,000 | $335,000 | 1100 | 5 |
| 750 1st St E34 | Condo | $335,000 | $335,000 | 1350 | 3 |
| 16250 Pacific Hwy #73 | Condo | $319,000 | $341,000 | 1305 | 87 |
| 18667 Benfield Ave | Detached | $485,000 | $529,000 | 1414 | 5 |
| 17104 Canal Circle | Detached | $650,000 | $625,000 | 1416 | 36 |
| 1427 Greentree Circle | Detached | $605,000 | $650,000 | 2239 | 5 |
| 17160 Wall St | Detached | $850,000 | $888,000 | 3246 | 2 |
| 2145 Summit Dr | Detached | $1,000,000 | $1,000,000 | 3111 | 48 |
| 4146 Chad Dr | Detached | $1,099,900 | $1,030,000 | 3637 | 143 |
| 54 Wilbur St | Attached | $1,247,000 | $1,170,000 | 3600 | 79 |
| 18460 Ray Ridge Dr | Detached | $1,249,000 | $1,224,000 | 3769 | 34 |
| 72 Nansen Summit | Detached | $1,369,000 | $1,240,000 | 4485 | 7 |
| 978 10th St | Detached | $1,495,000 | $1,400,000 | 2578 | 25 |
| 3175 Douglas Circle | Detached | $1,425,000 | $1,500,000 | 5400 | 3 |
| 13594 Goodall Rd | Detached | $1,700,000 | $1,700,000 | 3732 | 0 |
| 16470 Phantom Bluff Ct | Detached | $2,695,000 | $2,684,515 | 5188 | 11 |
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