Market Activity – March 3-9, 2008

Activity in the Lake Oswego real estate market continues at a brisk pace…well, new listings are brisk anyway.

For the week, there were 31 new listings, 11 homes under contract, and 5 closed sales.

Here are the Lake Oswego real estate market statistics for the week March 3 through March 9 (look to the bottom for definitions and research criteria):

New Listings

Address List Price Tot Beds Tot Baths Tot Sq Ft Prop Type List Date
45 EAGLE CREST DR
$189,000
2
2
1,046
CONDO
3/6
5225 JEAN RD
$209,900
2
2
1,100
CONDO
3/6
3836 BOTTICELLI ST
$215,000
2
2
1,055
CONDO
3/3
3680 SPRING LN
$219,900
2
2.1
1,152
CONDO
3/2
214 OSWEGO SMT
$259,900
2
2
1,506
ATTACHD
3/3
19 MOUNTAIN CIR
$329,000
2
2
1,364
ATTACHD
3/6
1400 PARRISH ST
$339,000
3
2.1
1,880
CONDO
3/3
4852 LAMONT WAY
$339,900
3
2
1,773
DETACHD
3/7
15446 STEPHANIE CT
$347,750
3
2.1
1,582
ATTACHD
3/8
18307 SW LONGFELLOW AVE
$374,900
3
2
1,457
DETACHD
3/5
14584 DORIS AVE
$399,900
3
2
1,500
DETACHD
3/3
17239 REBECCA LN
$414,900
4
2.1
1,970
DETACHD
3/2
25 Churchill Downs
$439,500
4
3
2,195
DETACHD
3/5
666 3RD ST
$494,950
3
1.1
1,759
DETACHD
3/2
14 PREAKNESS CT
$495,000
2
2.1
2,047
ATTACHD
3/7
13340 AUBURN CT
$559,900
3
2.1
2,451
ATTACHD
3/6
57 CONDOLEA TER
$565,000
2
2.1
2,172
CONDO
3/3
39 SPINOSA
$574,900
3
2.1
2,561
DETACHD
3/2
1162 LAKESHORE RD
$599,000
2
1.1
1,248
DETACHD
3/6
149 Del Prado
$599,900
4
3.1
3,808
DETACHD
3/5
12974 Knaus RD
$649,000
3
3.1
3,792
DETACHD
3/2
490 IRON MOUNTAIN BLVD
$649,000
2
2
2,246
DETACHD
3/6
12821 SIERRA VISTA DR
$685,900
5
3.1
3,610
DETACHD
3/5
691 7TH ST
$729,000
2
2
2,424
DETACHD
3/5
5642 LA MESA CT
$779,000
4
2.1
3,361
DETACHD
3/5
5501 RACHEL LN
$969,000
3
2.2
3,509
DETACHD
3/2
5513 RACHEL (Lot 2) LN
$989,000
3
2.1
3,149
DETACHD
3/6
13701 SW KNAUS RD
$1,235,000
4
4.1
5,730
DETACHD
3/7
771 SW COUNTRY CLUB RD
$1,250,000
5
2.1
4,410
DETACHD
3/5
2300 SW CHILDS RD
$1,400,000
4
2
3,183
DETACHD
3/4
1097 CHANDLER RD
$1,829,000
4
4.1
5,313
DETACHD
3/4

Pending Sales

Address List Price Tot Beds Tot Baths Tot Sq Ft Prop Type DOM
4640 LOWER DR
$169,000
2
1.1
1,170
CONDO
217
48 OSWEGO SMT
$189,900
2
2
1,140
CONDO
133
5275 OAKRIDGE RD
$349,900
3
2
1,267
DETACHD
4
1530 ASH ST
$395,000
3
2
1,887
DETACHD
11
3 TANGLEWOOD DR
$415,000
3
3
2,879
DETACHD
10
2400 PARK RD
$419,000
4
2.1
1,960
DETACHD
254
820 BOCA RATAN DR
$439,000
4
3.1
2,810
DETACHD
190
4200 UPPER DR
$450,000
3
1
1,371
DETACHD
192
19166 OLSON AVE
$465,000
4
3
2,996
DETACHD
140
785 9TH ST
$649,000
3
2.1
2,477
DETACHD
313
17364 BRYANT RD
$769,900
4
3
3,043
DETACHD
205

Sold Properties

Address Sale Price Tot Beds Tot Baths Tot Sq Ft Prop Type DOM
3930 LAKE GROVE AVE
$154,900
2
1
952
CONDO
3
534 S STATE ST
$190,000
1
1
829
CONDO
86
14590 WILMOT WAY
$400,000
3
2.1
1,929
DETACHD
2
13188 TWIN CREEK CT
$715,000
4
2.1
3,480
DETACHD
40
15647 VILLAGE DR
$995,000
4
2.1
2,940
DETACHD
56

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.

Welcome to PropertyBlotter!

Welcome to the premier edition of the Property Blotter!

This blog is intended to be a fun and useful forum pertaining to real estate issues in the City of Lake Oswego. It will bring you information that directly reflects current market conditions.

Art in Lakeview VillageIt will also provide you with history of the area and insights into Lake Oswego’s vibrant community. You will find plenty of statistics and details about houses currently for sale and recently sold. You will also find neighborhood profiles and featured homes. And, yes, you’ll get commentary on local events and neighborhood happenings.

What you will not find is endless self-promotion and unneeded advertising. This is going to be a place to learn about Lake Oswego real estate and not a place that will waste your time. We don’t care for that sort of thing any more than you do.

And just who are we and why do we have any right to be doing this? We are Realtors with Oregon First Real Estate. We have each lived in Lake Oswego for some time and have been directly a part of this community. Between us we have 30 years of experience selling real estate in this fine community. Between us we have lived in Lake Oswego for 20 years. Our children have attended school here. We participated in sports here. We volunteered with local non-profits here. We know this town.

Lake Oswego is an amazing place to live. It is also seriously misunderstood. Yes, there are million-dollar homes in Lake Oswego. But more than money, Lake Oswego is a town that has people who care. It has always had great schools and so attracts families looking for excellent public schools. There are modest homes as well as lakeside estates

If we are doing our job right, you’ll come away from this blog feeling like you know a bit more about what prices of homes are like, what is going on with local businesses, and what it is about LO that makes it a great place to live and to work. If you currently live here, you’ll know more about what your home may be worth. If you are thinking about moving here, you’ll know more about what to expect when you buy a home and what this community is like as a place to live.

So come along with us on this blog-mobile. It is going to be a great journey.