Sellers beware. This week’s SOLD properties averaged nearly 20% price discounts from their original list price and 160 days on market.
Some of them appear to have had hugely inflated seller expectations initially. To be sure, every situation has its own story, but a strong pricing strategy makes a huge difference in buyer perception and ultimately, market time.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (October 5—October 12, 2008)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
LIST DATE
|
| 65 GALEN ST |
$135,000
|
1
|
1
|
689
|
CONDO |
10/7
|
| 47 EAGLE CREST DR |
$149,900
|
2
|
1
|
932
|
CONDO |
10/7
|
| 44 EAGLE CREST DR |
$154,900
|
3
|
2
|
1,085
|
CONDO |
10/7
|
| 86 KINGSGATE RD |
$164,900
|
2
|
2
|
849
|
CONDO |
10/10
|
| 12868 BOONES FERRY RD |
$349,900
|
2
|
2.1
|
1,136
|
ATTACHD |
10/6
|
| 6 SUMMIT RIDGE CT |
$375,000
|
2
|
2.1
|
1,750
|
ATTACHD |
10/5
|
| 12251 ORCHARD HILL RD |
$389,500
|
3
|
2
|
1,868
|
DETACHD |
10/5
|
| 4051 VIRGINIA WAY |
$445,000
|
4
|
2.1
|
1,658
|
DETACHD |
10/7
|
| 5869 RIDGETOP CT |
$580,000
|
3
|
2.1
|
3,080
|
DETACHD |
10/10
|
| 1921 PARK FOREST CT |
$624,900
|
4
|
2.1
|
2,531
|
DETACHD |
10/11
|
| 13581 GOODALL RD |
$650,000
|
3
|
2
|
1,220
|
DETACHD |
10/9
|
| 5441 DENTON DR |
$650,000
|
4
|
2.1
|
3,335
|
DETACHD |
10/5
|
| 3886 TAMARACK LN |
$699,900
|
4
|
3.1
|
4,010
|
DETACHD |
10/5
|
| 15939 TWIN FIR RD |
$799,000
|
3
|
2
|
2,480
|
DETACHD |
10/9
|
| 840 Evergreen RD |
$875,000
|
4
|
2.1
|
2,765
|
DETACHD |
10/5
|
| 17644 WOODHURST PL |
$880,000
|
4
|
2.1
|
4,539
|
DETACHD |
10/8
|
| 15847 SPRINGBROOK CT |
$938,000
|
3
|
3
|
2,705
|
DETACHD |
10/5
|
| 610 9TH ST |
$1,225,000
|
4
|
3.1
|
3,690
|
DETACHD |
10/6
|
| 657 OAK MEADOW DR. |
$1,395,000
|
4
|
3.1
|
4,371
|
DETACHD |
10/7
|
PENDING SALES (October 6—October 12, 2008)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| 4644 LOWER DR |
$129,900
|
2
|
1.1
|
1,170
|
CONDO |
30
|
| 44 EAGLE CREST DR |
$150,000
|
2
|
1
|
908
|
CONDO |
266
|
| 3836 BOTTICELLI ST |
$175,000
|
2
|
2
|
1,055
|
CONDO |
344
|
| 4087 JEFFERSON PKWY |
$225,000
|
2
|
2.1
|
1,851
|
ATTACHD |
176
|
| 18951 ARROWWOOD AVE |
$339,000
|
3
|
1.1
|
1,384
|
DETACHD |
3
|
| 5456 Willow Court |
$429,000
|
3
|
2.1
|
2,400
|
ATTACHD | |
| 17845 HILLSIDE WAY |
$579,500
|
5
|
3
|
2,820
|
DETACHD |
263
|
| 801 NORTHSHORE RD |
$879,900
|
4
|
3
|
2,144
|
DETACHD |
6
|
SOLD (September 29—October 5, 2008)
| ADDRESS | ORIG. PRICE | SALE PRICE |
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| 6882 MONTAUK CIR |
$157,000
|
$157,000
|
2
|
1
|
924
|
CONDO |
23
|
| 200 BURNHAM RD |
$369,850
|
$250,000
|
2
|
2
|
1,334
|
CONDO |
28
|
| 5829 SW BENFIELD CT |
$347,800
|
$289,750
|
5
|
2.1
|
1,744
|
DETACHD |
115
|
| 820 BOCA RATAN DR |
$464,900
|
$321,000
|
3
|
3.1
|
2,220
|
DETACHD |
10
|
| 5207 ROSEWOOD ST |
$399,900
|
$347,000
|
3
|
2
|
1,438
|
DETACHD |
119
|
| 17239 REBECCA LN |
$414,900
|
$389,100
|
4
|
2.1
|
1,970
|
DETACHD |
292
|
| 1790 YARMOUTH CIR |
$499,000
|
$400,000
|
2
|
2
|
1,551
|
DETACHD |
135
|
| 18281 WOOD THRUSH CIR |
$448,500
|
$439,900
|
4
|
2.1
|
2,296
|
DETACHD |
102
|
| 4729 CAMBRIDGE CT |
$648,000
|
$500,000
|
2
|
2.1
|
3,056
|
ATTACHD |
140
|
| 13300 FOX RUN |
$700,000
|
$665,000
|
4
|
2.1
|
2,954
|
DETACHD |
38
|
| 5413 LANGFORD LN |
$879,000
|
$715,000
|
3
|
2.1
|
2,891
|
DETACHD |
520
|
| 17257 BRYANT RD |
$1,550,000
|
$1,125,000
|
5
|
3.2
|
4,789
|
DETACHD |
381
|
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.