Late August results for the Lake Oswego real estate market show a spark of market activity with 19 homes sale pending or closed in the past two weeks. We are seeing some significant discounting on some properties, highlighting a “buyer’s market” characteristic.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (August 25 – 31, 2008)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
LIST DATE
|
| 4 TOUCHSTONE |
$109,900
|
2
|
2
|
984
|
CONDO |
8/24
|
| 5831 SEVILLE AVE |
$199,900
|
2
|
1
|
1,320
|
DETACHD |
8/24
|
| 52 GALEN ST |
$209,900
|
2
|
2
|
995
|
CONDO |
8/26
|
| 16790 LAKE FOREST BLVD |
$275,000
|
2
|
1
|
780
|
DETACHD |
8/26
|
| 14401 SHERBROOK PL |
$389,500
|
3
|
2.1
|
1,828
|
DETACHD |
8/24
|
| 6291 SW HARRINGTON AVE |
$399,900
|
3
|
2
|
1,472
|
DETACHD |
8/25
|
| 1695 MEADOWS DR |
$407,500
|
4
|
3
|
2,185
|
ATTACHD |
8/26
|
| 1509 HEMLOCK ST |
$419,000
|
4
|
3
|
2,310
|
DETACHD |
8/28
|
| 14588 WILMOT WAY |
$429,900
|
5
|
3
|
2,238
|
DETACHD |
8/27
|
| 4760 LOWER DR |
$435,000
|
3
|
3
|
3,252
|
DETACHD |
8/27
|
| 5228 COVENTRY CT |
$480,000
|
4
|
2.1
|
2,382
|
DETACHD |
8/24
|
| 5474 BAY CREEK DR |
$549,000
|
3
|
2.1
|
2,322
|
DETACHD |
8/26
|
| 3721 TEMPEST DR |
$549,900
|
3
|
2.1
|
2,572
|
DETACHD |
8/30
|
| 17 CELLINI CT |
$595,000
|
5
|
3.1
|
3,113
|
DETACHD |
8/26
|
| 56 SPINOSA |
$599,000
|
4
|
3.1
|
3,808
|
DETACHD |
8/24
|
| 16373 BONAIRE AVE |
$649,000
|
3
|
2.1
|
2,400
|
DETACHD |
8/25
|
| 805 COUNTRY CLUB RD |
$649,900
|
2
|
2
|
2,722
|
DETACHD |
8/25
|
| 4676 WINTHROP CT |
$649,900
|
4
|
2.1
|
3,112
|
DETACHD |
8/27
|
| 569 7TH ST |
$699,900
|
2
|
4
|
3,186
|
DETACHD |
8/26
|
| 24 INDEPENDENCE AVE |
$714,900
|
6
|
3.1
|
3,676
|
DETACHD |
8/26
|
| 17890 KELOK RD |
$749,000
|
4
|
2.1
|
3,023
|
DETACHD |
8/28
|
| 15422 BOONES WAY |
$879,000
|
4
|
2.1
|
2,694
|
ATTACHD |
8/29
|
| 1272 SW ZIVNEY LN |
$942,000
|
5
|
3
|
2,658
|
DETACHD |
8/24
|
| 17649 WOODHURST PL |
$1,275,000
|
5
|
4.1
|
5,793
|
DETACHD |
8/25
|
PENDING SALES (August 25 – 31, 2008)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| 4821 SW MADRONA ST |
$130,000
|
1
|
1
|
360
|
DETACHD |
71
|
| 44 EAGLE CREST DR |
$154,900
|
2
|
1
|
908
|
CONDO |
28
|
| 3101 MCNARY PKWY |
$264,700
|
3
|
2.1
|
1,992
|
CONDO |
408
|
| 819 BOCA RATAN DR |
$299,900
|
3
|
3
|
3,282
|
DETACHD |
270
|
| 1000 UPPER DEVON LN |
$329,900
|
3
|
2.1
|
2,872
|
DETACHD |
19
|
| 2955 WEMBLEY PARK RD |
$448,000
|
4
|
2
|
2,620
|
DETACHD |
140
|
| 5677 GRAND OAKS DR |
$629,900
|
4
|
2.1
|
3,074
|
DETACHD |
77
|
| 4256 LAKEVIEW BLVD |
$995,000
|
3
|
3.1
|
3,117
|
DETACHD |
436
|
| 17257 BRYANT RD |
$1,169,900
|
5
|
3.2
|
4,789
|
DETACHD |
381
|
| 2200 PRESTWICK RD |
$1,200,000
|
4
|
2.2
|
3,356
|
DETACHD |
133
|
| 1175 LAKE SHORE RD |
$1,579,000
|
3
|
3.1
|
2,878
|
DETACHD |
124
|
SOLD (August 18 – 24, 2008)
| ADDRESS | ORIG. PRICE | SALE PRICE |
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| 1528 CEDAR ST |
$429,900
|
$328,000
|
3
|
1.1
|
2,015
|
DETACHD |
184
|
| 791 2ND ST |
$450,000
|
$350,000
|
2
|
1
|
1,032
|
DETACHD |
148
|
| 16121 SW KIMBALL AVE |
$399,900
|
$355,000
|
3
|
2
|
1,596
|
DETACHD |
76
|
| 4284 WEST BAY RD |
$439,900
|
$400,000
|
3
|
2
|
1,539
|
DETACHD |
62
|
| 1210 WELLS ST |
$450,000
|
$455,000
|
5
|
3.1
|
4,494
|
DETACHD |
16
|
| 310 DURHAM ST |
$549,000
|
$505,000
|
3
|
2.1
|
1,940
|
ATTACHD |
30
|
| 14062 CHELSEA DR |
$729,000
|
$650,000
|
4
|
2.1
|
2,974
|
DETACHD |
68
|
| 18263 ANDUIN TER |
$795,000
|
$700,000
|
4
|
2.1
|
3,103
|
DETACHD |
359
|
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.
If links to ACTIVE properties do not bring up property information, the listing may no longer be active, but rather expired, cancelled, pending, or sold.