Last week brought 11 new listings to Lake Oswego, 12 Pending sales, and 12 closed sales. Interesting to me was that all of the new listings are around 500k or less. That is the price range that is selling best. There is a very direct impact, in my opinion, on the sales activity that has been created by the First-time Homebuyer Tax Credit that is part the Federal Government’s stimulus package. No, I don’t think a first-time buyer will be buying a $500,000 house. But I do think the houses that are $350,000 or less will be in large part purchased by first-time buyers. And the homeowners who sell those will either buy again or choose to rent. So there may be some push up to the homes priced just up from the $350,000 range. The tax credit requires that buyers close on their purchase by the end of November. So for this week’s new listings, I would think that they are well positioned for a quick sale if they a in nice condition and priced correctly.
Having said all of that about last week’s new listings, I also make note of the sale at 890 Lakeshore: $2,275,000 and it sold in just 13 days, for full price.
(see below the tables for additional notes):
NEWLY LISTED (August 10—August 16, 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 | $179,500 | 2 | 2 | 984 | CONDO | 8/13/2009 | ||
| 5354 LOWER DR | $309,000 | 3 | 1 | 1,565 | DETACHD | 8/10/2009 | ||
| 406 8th ST | $365,000 | 3 | 1.1 | 2,437 | DETACHD | 8/13/2009 | ||
| 16240 PARKER RD | $374,700 | 3 | 2 | 1,454 | DETACHD | 8/15/2009 | ||
| 18922 REDWING WAY | $379,900 | 4 | 2 | 2,076 | DETACHD | 8/12/2009 | ||
| 15580 PARTRIDGE DR | $398,000 | 4 | 2.1 | 2,245 | DETACHD | 8/13/2009 | ||
| 31 DA VINCI ST | $424,900 | 4 | 2.1 | 2,232 | DETACHD | 8/13/2009 | ||
| 17221 ROBB PL | $427,500 | 3 | 2 | 1,812 | DETACHD | 8/13/2009 | ||
| 138 KINGSGATE RD | 435000 | 3 | 2.1 | 1,600 | DETACHD | 8/12/2009 | ||
| 17886 TUALATA AVE | 468500 | 4 | 2 | 1,994 | DETACHD | 8/10/2009 | ||
| 939 SUNNY HILL DR | 515000 | 4 | 2.1 | 3,254 | DETACHD | 8/15/2009 |
PENDING SALES (August 10-August 16, 2009)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| Address | List Price | # BR | # BTHS | Total SF | Prop Type | CDOM | |||
| 14431 SHERBROOK PL | $249,900 | 4 | 3 | 2,605 | DETACHD | 254 | |||
| 17928 ROYAL CT | $269,900 | 3 | 2 | 1,272 | DETACHD | 111 | |||
| 5 PEACOCK PL | $299,950 | 4 | 2.1 | 1,760 | DETACHD | 135 | |||
| 4 WHEATHERSTONE | $334,950 | 3 | 2.1 | 1,692 | CONDO | 86 | |||
| 16695 GLENWOOD CT | $449,000 | 4 | 3 | 3,104 | DETACHD | 336 | |||
| 3355 UPPER DR | $470,000 | 4 | 2 | 3,205 | DETACHD | 23 | |||
| 2981 VALE CT | $475,000 | 5 | 2.1 | 3,516 | DETACHD | 436 | |||
| 14121 GABRIELLE CT | $609,000 | 4 | 2.1 | 3,006 | DETACHD | 55 | |||
| 5501 RACHEL LN | 679900 | 4 | 2.2 | 3,509 | DETACHD | 623 | |||
| 5831 SUNCREEK DR | 685000 | 4 | 2.1 | 2,733 | DETACHD | 27 | |||
| 18051 KELOK RD | 799000 | 5 | 3.1 | 3,670 | DETACHD | 401 | |||
| 1149 LAKESHORE RD | 1150000 | 4 | 2.1 | 2,660 | DETACHD | 143 |
SOLD (August 10-August 16, 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 | ||
| 82 OSWEGO SMT | $220,000 | $210,000 | 2 | 2 | 1,212 | CONDO | 82 | ||
| 16501 LAKE FOREST BLVD | $319,900 | $299,900 | 3 | 1 | 1,429 | DETACHD | 52 | ||
| 5214 LOWER DR | $659,000 | $356,000 | 4 | 2.1 | 2,904 | DETACHD | 547 | ||
| 12537 27TH PL | $369,000 | $369,500 | 4 | 2.1 | 2,375 | DETACHD | 12 | ||
| 1462 Worthington ST | $424,000 | $395,000 | 4 | 3 | 1,800 | DETACHD | 108 | ||
| 17144 Warren CT | $585,000 | $500,000 | 4 | 2.1 | 2,725 | DETACHD | 335 | ||
| 2161 HILLSIDE CT | $699,900 | $519,900 | 4 | 3 | 3,347 | DETACHD | 357 | ||
| 645 COUNTRY CLUB RD | $975,000 | $750,000 | 4 | 2.1 | 3,262 | DETACHD | 570 | ||
| 17259 LOWENBERG TER | $999,900 | 770000 | 4 | 2.1 | 2,955 | DETACHD | 662 | ||
| 943 SW ATWATER RD | $1,435,000 | 930000 | 4 | 2.1 | 3,874 | DETACHD | 331 | ||
| 3155 DOUGLAS CIR | $1,379,000 | 965000 | 5 | 3.2 | 4,517 | DETACHD | 385 | ||
| 890 LAKESHORE RD | 2275000 | 2275000 | 3 | 3.1 | 3,200 | DETACHD | 0 |
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.