Last week in Lake Oswego there were 16 new listings, 8 houses that went pending, and 2 closed sales. A trend I have been watching appears to be continuing. When I look at Days on the Market, it seems like houses are either selling very quickly or very slowly. 3 of the 7 pending sales went into escrow in a week or less of market time. 3 more sold within about 2 months. The last two had extended market time of 236 and 426 days. Of the closed sales, one sold in 4 days and one sold in 243 days. I think this is reflective of changing attitudes of sellers. People who listed their homes in late 2007 and early 2008 are being stubborn about accepting the decline in values that has occured and are either sitting on high prices or dropping prices in such away that they are behind the market trends. Whereas sellers listing today, who are listening to their Realtor and pricing their homes at values that will meet market conditions, are realizing quick sales at or near their asking prices. Buyers are smart. They are watching the market and recognizing value when they see it. Correct pricing is King.
NEWLY LISTED (March 9—March 15, 2009)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
LIST DATE
|
| Address | List Price | # BR | # BTHS | Total SF | Prop Type | List Date | ||
| 4 TOUCHSTONE | $159,900 | 3 | 2.1 | 1,350 | ATTACHD | 3/11/2009 | ||
| 4000 CARMAN DR | $184,500 | 2 | 2 | 1,100 | CONDO | 3/9/2009 | ||
| 166 OSWEGO SMT | $229,900 | 2 | 2 | 1,506 | CONDO | 3/13/2009 | ||
| 668 MCVEY AVE | $260,000 | 3 | 1.1 | 985 | CONDO | 3/12/2009 | ||
| 140 TOUCHSTONE CT | $339,900 | 3 | 2.1 | 1,964 | ATTACHD | 3/12/2009 | ||
| 4366 WOODSIDE CIR | $349,000 | 3 | 2 | 1,762 | ATTACHD | 3/12/2009 | ||
| 16890 CORTEZ CT | $349,000 | 4 | 3 | 2,016 | DETACHD | 3/13/2009 | ||
| 4420 GOLDEN LN | $349,000 | 3 | 3.1 | 2,165 | ATTACHD | 3/10/2009 | ||
| 5402 CARMAN DR | 369900 | 3 | 1 | 1,720 | DETACHD | 3/9/2009 | ||
| 45 TANGLEWOOD DR | 399999 | 5 | 3.1 | 3,166 | DETACHD | 3/12/2009 | ||
| 1462 Worthington ST | 424000 | 4 | 3 | 1,800 | DETACHD | 3/9/2009 | ||
| 2961 DELLWOOD DR | 525000 | 3 | 3 | 2,476 | DETACHD | 3/14/2009 | ||
| 2550 SOUTHSHORE BLVD | 550000 | 4 | 3.1 | 3,472 | DETACHD | 3/11/2009 | ||
| 1699 VILLAGE PARK LN | 675000 | 3 | 2.2 | 2,936 | DETACHD | 3/9/2009 | ||
| 115 BERWICK RD | 998000 | 4 | 3.1 | 4,000 | DETACHD | 3/13/2009 | ||
| 356 9TH ST | 1199000 | 3 | 3.1 | 3,647 | DETACHD | 3/10/2009 |
PENDING SALES (March 9—March 15, 2009)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQFT
|
PROP TYPE |
DOM
|
| Address | List Price | # BR | # BTHS | Total SF | Prop Type | CDOM | |||
| 4 TOUCHSTONE | $76,500 | 3 | 2.1 | 1,351 | CONDO | 7 | |||
| 127 OSWEGO SMT | $184,900 | 2 | 2 | 1,212 | CONDO | 0 | |||
| 5487 TUALATA CT | $259,000 | 3 | 2 | 1,200 | DETACHD | 236 | |||
| 790 BOCA RATAN DR | $259,900 | 3 | 2 | 2,112 | DETACHD | 35 | |||
| 1140 HALLINAN CT | $339,895 | 3 | 2 | 1,875 | DETACHD | 3 | |||
| 845 LAKE FOREST DR | $399,000 | 3 | 1.1 | 1,359 | DETACHD | 68 | |||
| 662 9 th ST | $975,000 | 5 | 3.1 | 4,108 | DETACHD | 63 | |||
| 14066 Goodall RD | $1,629,000 | 4 | 3.1 | 4,220 | DETACHD | 426 |
SOLD (March 9—March 15, 2009)
| ADDRESS | ORIG. PRICE | SALE PRICE |
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| Address | O/Price | Close Price | # BR | # BTHS | Total SF | Prop Type | CDOM | ||
| 16978 CANAL CIR | $350,000 | $350,000 | 3 | 2 | 1,962 | DETACHD | 4 | ||
| 22 HOTSPUR ST | $799,000 | $627,325 | 6 | 3.1 | 4,259 | DETACHD | 243 |
Criteria: Statistics given above are obtained from the Realtor’s Multiple Listing Service by searching condos, attached homes, manufactured homes and detached homes in the 97034 and the 97035 zip codes. DOM means Days on the Market and CDOM means Cumulative Days on the Market.