Market Activity Report November 1-7, 2010

Last week Lake Oswego had 14 New listings, 14 Pending sales, and 10 Closed sales, according to RMLS.

See below for further details:

NEWLY LISTED (Nov. 1-7, 2010)

Address Price Sq Feet BR Baths Type
57 Galen St $77,000 689 1 1 Condo
16250 Pacific Hwy #47 $109,900 1305 2 1 Condo
194 Ridgeway Rd 11B $205,000 1659 2 1 Condo
5056 Foothills Dr G $225,000 1252 2 2 Condo
4314 Botticelli St $229,000 2098 2 2.5 Condo
18530 Pilkington Rd $244,900 1925 3 2 Detached
1818 Country Club Rd $269,000 1596 4 2 Detached
18700 Wood Duck Way $429,900 2158 4 2 Detached
4705 Lakeview Blvd $539,990 2700 3 2.5 Detached
5836 Suncreek Dr $599,000 2500 4 2 Detached
17157 Blue Heron Rd $689,000 2749 5 3 Detached
3056 Wembly Park Rd $695,000 2611 4 2.1 Detached
2990 Glen Eagles $795,000 3650 4 2.5 Detached
12512 Shelby Ct $799,999 4975 4 4.5 Detached

PENDING SALES (Nov. 1-7, 2010)

Address Price Type BR Baths Sq Feet
37 Crestfield Ct $69,900 Condo 2 1 923
45 Eagle Crest #320 $109,900 Condo 1 1 768
3433 McNary Pkwy #408 $119,900 Condo 2 2 1008
464 5th St $197,715 Condo 2 2 1092
692 2nd St $259,000 Detached 3 1 1700
2602 Orchard Hill Pl $399,000 Detached 3 3 2568
17187 Carlson Ct $405,000 Detached 4 3 2082
17640 Treetop Way $447,000 Detached 4 3 2718
14370 Pfeiffer Dr $629,000 Detached 4 3 3318
1225 Lake Garden Ct $699,995 Detached 4 3.5+.5 3558
15578 Village Dr $799,000 Detached 3 3 3630
3155 Douglas Circle $925,000 Detached 5 3.5+.5 4517
2111 Hazel Rd $1,089,000 Detached 4 5 4894
670 Iron Mt. Blvd $1,250,000 Detached 4 3.5+.5 5208

SOLD (Nov. 1-7, 2010)

Address Original Price Closed Price Type Sq Feet CDOM
668 McVey #54 $140,000 $140,000 Condo 992 5
3508 Red Cedar Way $249,000 $220,000 Detached 1386 3
1462 Greentree $435,000 $362,500 Detached 2507 123
17670 Marylbrook Dr $499,000 $500,000 Detached 3067 77
550 Middlecrest Rd $624,900 $550,000 Detached 2240 187
571 2nd St #307 $739,500 $559,000 Condo 1561 626
18263 Anduin Terrace $625,000 $565,000 Detached 3100 92
17467 Westview Dr $727,900 $695,000 Detached 3774 4
844 5th St $829,000 $795,000 Detached 2590 32
16772 Alder Circle $1,995,000 $1,799,000 Detached 3151 154

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

Market Activity Report Oct 25-31, 2010

Last week Lake Oswego had 17 New listings, 11 Pending sales, and 15 Closed sales according to RMLS.

See below for further details:

NEWLY LISTED (Oct 25-31, 2010)

Address List Price # Beds # Baths Total SF Prop Type
4000 CARMAN DR 102 $119,950 2 2 866 CONDO
1547 BOCA RATAN DR $198,000 2 1.1 1008 CONDO
186 OSWEGO SMT 186 $212,000 2 2 1506 CONDO
1659 OAK ST $299,900 3 2.1 2224 DETACHD
18407 DEER OAK CIR $319,000 4 2 1812 DETACHD
16990 LOWER MEADOWS DR $379,000 3 2.1 2000 DETACHD
1960 MAPLELEAF RD $379,900 3 2 1426 DETACHD
4208 ALBERT CIR $400,950 4 3 2777 DETACHD
36 NORTHVIEW CT $449,000 3 3.1 2573 ATTACHD
1711 HIGHLAND DR $459,000 3 2.1 1926 DETACHD
775 BOCA RATAN DR $469,000 4 3.1 2727 DETACHD
19443 KOKANEE CT $499,900 4 2.1 2812 DETACHD
5035 ROSEWOOD ST $549,900 4 3.1 3206 DETACHD
14674 RAINBOW DR $618,000 4 3 3058 DETACHD
15459 VILLAGE DR $695,000 4 3.1 3059 DETACHD
19575 35TH CT $1,195,000 4 3 4181 DETACHD
163 IRON MOUNTAIN BLVD $1,200,000 4 3.1 4314 DETACHD

PENDING SALES (Oct 25-31, 2010)

Address List Price # Beds # Baths Total SF Prop Type CDOM
33 CRESTFIELD CT 33 $64,900 1 1 689 CONDO 282
20 CERVANTES CIR $79,900 2 1.1 912 CONDO 8
6120 SHAKESPEARE ST $185,000 3 1.1 999 DETACHD 177
4717 FIRWOOD RD $229,000 8 3 2502 DETACHD 277
4948 MEADOWS RD $259,900 3 2 2491 DETACHD 72
1520 LABURNUM WAY $299,000 4 2 1724 DETACHD 464
28 PREAKNESS CT $349,000 5 4 2871 DETACHD 452
17712 CARDINAL CT $368,000 4 3 2146 DETACHD 203
17890 KELOK RD $417,900 4 2.1 3095 DETACHD 753
3943 TEMPEST DR $599,000 4 2.1 3714 DETACHD 119
5001 DENTON DR $759,000 4 2.1 3303 DETACHD 2

SOLD (Oct 25-31, 2010)

Address Orig Price Closed Price # Beds # Baths Total SF Prop Type CDOM
2 MOUNTAIN CIR $160,000 $110,000 2 1.1 1504 ATTACHD 21
200 BURNHAM RD 103 $174,900 $115,000 1 1 752 CONDO 162
5225 JEAN RD 104 $155,000 $136,000 2 2 1400 CONDO 118
34 CONDOLEA DR $228,000 $187,500 2 2 1420 CONDO 174
848 6th ST $425,000 $250,000 2 1 1648 DETACHD 413
743 10th ST $325,000 $290,000 2 1 1019 DETACHD 16
1070 HALLINAN $379,900 $314,000 3 1.1 1653 DETACHD 65
19242 TERRY AVE $395,000 $325,000 4 2 1872 DETACHD 185
5376 ROSEWOOD ST $394,900 $339,498 3 2.1 2457 ATTACHD 150
1000 ATWATER RD $389,900 $378,000 4 3 2200 DETACHD 3
5747 VICTORIA CT $489,950 $460,000 4 2.1 2432 DETACHD 0
14246 KIMBERLY CIR $615,000 $605,000 4 2.1 3520 DETACHD 52
1641 ENGLEWOOD DR $775,000 $665,000 4 2.1 4204 DETACHD 59
4123 CHAD DR $769,950 $675,000 4 3.1 3836 DETACHD 155
16461 CHAPIN WAY $779,900 $708,000 4 2.1 4271 DETACHD 488

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

More Market Data

  • A comparison of Sept ’10 and the previous month in Portland Metro shows an increase in Closed Sales of 1.3%
  • Average sales price in Portland Metro fell by 3.5% comparing  Sept. 2009 with Sept 2010.
  • Comparing the 3rd quarter of 2009 with 3rd quarter 2010, Closed Sales in Portland Metro dropped 24.7%
  • Comparing the 3rd quarter of 2009 with 3rd quarter 2010, Metro Listings increased by 1.2%
  • Average Metro Closed Price in Sept 2010 was $279,900
  • Average Lake Oswego/West Linn Closed Price in Sept 2010 was $432,200
  • Metro “Time on Market” for Sept 2010 was 131 days
  • Lake Oswego/West Linn “Time on Market” for Sept 2010 was 186 days
  • Metro Active Listings as of Sept 2010 was 14, 714
  • Lake Oswego/West Linn Active Listings as of Sept 2010 were 1,025
  • From Oct 1, ’09 to Sept 30 ’10, Lake Oswego/West Linn Average  Sale Prices declined by 9.3%
  • Portland Metro saw 1,399 Closed Sales in Sept. 2010
  • Lake Oswego and West Linn saw 71 Closed Sales in Sept 2010
  • All data derived from RMLS Market Action Report

Market Activity for October 18-24, 2010

I can really feel the change of seasons. With that it always seems like the market starts to slow. I am seeing a slow down of new listings with just 14, but 14 pending sales and 8 closed sales is on pace with what we have been seeing since the end of summer.

See below for further details:

NEWLY LISTED (Oct 18-24, 2010)

Address List Price Bedrooms Baths Sq feet Prop Type
20 CERVANTES CIR $79,900 2 1.5 912 CONDO
5061 FOOTHILLS DR $199,000 2 2 991 CONDO
18244 PILKINGTON RD $254,900 3 1.5 1,200 DETACHD
5852 LAKEVIEW CT $259,000 3 1 1,032 DETACHD
1 EAGLE CREST DR $259,900 3 2 1,265 DETACHD
4141 COBB WAY $279,900 3 2 1,236 DETACHD
3684 RED CEDAR WAY $289,900 3 2.5 1,830 DETACHD
4281 CHAPMAN WAY $301,907 3 2.5 2,010 DETACHD
4500 GALEWOOD ST 420000 3 3 2,408 DETACHD
13819 PROVINCIAL HILL DR 449000 4 2.5 2,096 DETACHD
875 PALISADES TERRACE DR 499000 4 3 2,165 DETACHD
19019 BRYANT RD 739900 4 3.5 3,326 DETACHD
16847 GREENBRIER RD 1595000 3 2.5+.5 2,315 DETACHD
939 TERRACE DR 1850000 4 3.5 4,780 DETACHD

PENDING SALES (Oct 18-24, 2010)

Address List Price Bedrooms Baths Sq feet Prop Type
16 MOUNTAIN CIR $129,900 2 2 1,065 ATTACHD
200 BURNHAM RD $139,000 2 2 1,325 CONDO
221 CERVANTES $144,000 2 1.5 1,180 CONDO
1416 CHERRY CREST DR $259,000 5 3 2,559 DETACHD
37 BLOCH TER $300,000 3 2.5 1,972 ATTACHD
743 10th ST $325,000 2 1 1,019 DETACHD
1899 WOODLAND TER $369,000 5 3.5 3,031 DETACHD
72 CONDOLEA WAY $375,000 2 2.5 2,958 CONDO
3885 UPPER DR 469000 4 2.5 3,122 DETACHD
5758 CHARLES CIR 479900 3 2 2,371 DETACHD
4709 Lakeview BLVD 549900 4 2.5 2,725 DETACHD
4685 UPPER DR 550000 3 2 3,341 DETACHD
563 2ND ST 635000 2 2.5 1,748 CONDO
16990 ALDER CIR 640000 3 2.5 1,926 DETACHD

SOLD (Oct 18-24, 2010)

Address Original Price Close Price CDOM Sq Feet Prop Type BR BTHS
200 BURNHAM RD $264,000 $137,500 866 1,335 CONDO 2 2
1496 BOCA RATAN DR $249,000 $249,000 3 1,403 ATTACHD 3 1.5
2634 ORCHARD HILL PL $449,500 $423,500 13 2,573 DETACHD 3 2.5
5553 KILCHURN AVE $679,900 $640,000 25 3,274 DETACHD 4 2.5
5657 VICTORIA CT $689,900 $645,000 45 3,421 DETACHD 4 3
490 COUNTRY CLUB RD $999,999 $750,000 115 3,052 DETACHD 5 4
17537 CARDINAL DR $895,000 $800,000 407 5,282 DETACHD 5 4
2569 GLEN EAGLES PL $1,349,000 $1,115,000 114 4,591 DETACHD 5 4.5+.5

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

Foreclosure Freeze/Shortsales/Market Conditions

The news has been full of headlines about the new crisis in the mortgage industry, this time affecting foreclosures. So it seems like an opportune time to look at not only foreclosures, but also shortsales and the latest market update from RMLS.

The Foreclosure Freeze
There is now discussion that the foreclosure process, which has pretty much swamped the big lenders like Bank of America and Wells Fargo, has been mishandled. The accusation is that the paperwork involved in the foreclosures was often reviewed and processed by unqualified people and by people who did not read what they were signing. I do not know if this is true or not, but I do know that I have counseled people who are in foreclosure who have not only felt powerless, but have felt that the bank was not answering their letters, returning their phone calls, or being responsive. Obviously there is going to be anger for a person in this position. That combined with the current media coverage does make me feel that we will see litigation.

Gregor Watson, a principal with McKinley Partners, recently gave a best to worst case assessment of what this means:
Best case: this is only a technical glitch. It will require some re-tooling of the process, but the process will get back on track and foreclosures will resume. This is needed to allow the glut of foreclosures to work their way through the market and then be out of the inventory.
Medium case: people will enter into significant litigation that could take years to sort out. This could slow and extend the downturn of the housing market.
Worst case: the housing market is brought to a halt because Title Companies refuse to insure mortgages involving foreclosed homes. (This would not bring the entire market to a halt: simply the foreclosures. Still, a big problem)

On the positive side the Philidelphia Inquirer reported yesterday that Bank of America intends to begin resuming foreclosure proceedings stating that they have a legal right to do so despite accusations that documents used in the process are flawed. This bodes well for the possibility that the better scenario may result. We shall see….

Shortsales
When the whole shortsale phenomenon began a few years ago I will admit that I was a skeptic. It reminded me of the buy-a-house-with-credit-cards schemes. Just too simple to be true. Really? You could just ask your bank to forgive part of your mortgage so that you could sell it for less? Really? As time has gone by I have come to see that not only are shortsales here to stay, they are a significant part of the market.

I think shortsales do present remarkable opportunity, as do foreclosures. It allows a house to be sold for market value and not have an asking price that is based upon a value/debt that is several years old. But shortsales are not for everyone. I want to make if very clear that if you are a homeowner considering a shortsale, you need professional and legal advice far beyond the scope of what I am discussing here. So I want to directly address buyers.

The buyer best suited to benefit from a shortsale is the investor. This is because the shortsale is so uncertain and the process takes months. A buyer who is shopping for a home may have the patience for this, but is usually not in a position to wait 3-5 months and then learn that they lost the house to another bid or that the shortsale was not approved. Whereas an investor is not waiting with a moving truck full of furniture. If it works, it works. If not, that’s OK too. For the investor able to be patient, it can present real opportunity. I have personally seen several homes here in Lake Oswego that sold for values that made my jaw drop in the shortsale scenario. Just know what you are getting into.

Keeping it Local
Here in Lake Oswego we currently have an active listing inventory of 626 listings (condos and houses). Of those 37 are Bank-owned Foreclosures and 70 are shortsales. And this means that about 82% of the market is neither a foreclosure nor a shortsale. It’s a home owned by someone who is not in it upside down and who has perhaps even taken loving care of it. So there is a house out there for you whether you are an investor, a home buyer looking for a personal residence, or even a home buyer looking for a personal residence with the patience of an investor.

Also keeping it local, the latest RMLS Market Action Report offers the following information about area 147, which is Lake Oswego and West Linn Combined
Total active listings = 1025
Total pending sales = 84, a decrease of 24.3% over the same time one year ago
Average sales price = $432,200
Average days on the market = 186
Change in values over the same time last year = -9.3%
Change is closed sales, year to date = -22.3%

I consider myself to be a very positive person. The thing to do in this economy is look for how it can work in your favor. That may mean waiting, but that may also mean pouncing on opportunity. The subject today is pretty complex. Please contact Linda or myself for more information, to ask questions, or to get property information. We are here to be of help.
Dianne

Lake Oswego Market Activity ~ Oct 11-17, 2010

Pretty robust activity last week.  Lake Oswego saw 17 New listings, 19 Pending sales, and 8 Closed sales according to RMLS.

See below for further details:

NEWLY LISTED (Oct 11-17, 2010)

Address List Price # Beds # Baths Total SF Prop Type
3433 MCNARY PKWY #204 $107,500 2 2 1008 CONDO
73 GALEN ST #73 $115,950 2 2 995 CONDO
4000 CARMAN DR #3 $119,900 1 1 836 CONDO
221 CERVANTES $144,000 2 1.1 1180 CONDO
6120 SHAKESPEARE ST $185,000 3 1.1 999 DETACHD
12802 BOONES FERRY RD $287,500 3 2.1 1548 DETACHD
7 BLOCH TER $292,000 3 2.1 2062 ATTACHD
17350 KELOK RD $379,000 3 1.2 1415 DETACHD
15824 BOONES WAY $384,900 3 2 1895 DETACHD
5490 ROYAL OAKS DR $425,000 3 2 1761 DETACHD
1094 ERICKSON ST 424900 – 474876 4 3 2769 DETACHD
3210 FIR RIDGE RD $499,000 4 3.2 2832 DETACHD
1132 TROON RD $569,000 3 2.1 1585 DETACHD
13711 FIELDING RD $719,000 3 4 4649 DETACHD
754 5TH ST $775,000 3 2 2186 DETACHD
18260 RIVER EDGE CT $835,000 3 3.1 4711 DETACHD
199 FURNACE ST (Upper) $2,590,000 3 3.1 5772 CONDO

PENDING SALES (Oct 11-17, 2010)

Address List Price # Beds # Baths Total SF Prop Type CDOM
16250 PACIFIC HWY #77 $139,000 2 2 1327 CONDO 1115
200 BURNHAM RD #204 $149,000 2 2 1313 CONDO 890
85 OSWEGO SMT #85 $159,000 2 2 1212 CONDO 290
212 RIDGEWAY RD $169,900 1 1 778 CONDO 483
18462 DON LEE WAY $179,900 4 2 1904 DETACHD 369
848 6th ST $262,000 2 1 1648 DETACHD 413
5713 SW KENNY ST $279,900 3 2 1384 DETACHD 42
427 9TH ST $299,900 4 2 2130 DETACHD 30
1073 HALLINAN ST $349,000 3 2.1 1828 DETACHD 124
2021 CEDAR CT $350,000 4 3.1 4114 DETACHD 205
32 CHURCHILL DOWNS $379,900 4 2.1 3016 DETACHD 247
3541 RED CEDAR WAY $404,900 3 3 1963 DETACHD 14
5916 SUNBROOK DR $459,900 3 2.1 2617 DETACHD 9
17930 MEADOWLARK LN $539,900 4 4 3300 DETACHD 282
5188 MADRONA ST $549,000 3 3 3183 DETACHD 36
17455 BLUE HERON RD $575,000 3 2 2572 DETACHD 519
15915 WALUGA DR $598,950 3 2.1 2939 DETACHD 261
444 6TH ST $899,000 4 4.1 4541 DETACHD 314
15444 Boones WAY $998,500 3 2.1 3364 ATTACHD 0

SOLD (Oct 11-17, 2010)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #59 $105,000 $76,500 3 1 1024 CONDO 203
200 BURNHAM RD #200 $229,000 $90,000 1 1 897 CONDO 1362
4000 CARMAN DR #A5 $117,500 $102,000 2 2 973 CONDO 202
2245 GLEN HAVEN RD $328,500 $270,000 3 1.1 1276 DETACHD 346
16149 PEARCY ST $329,000 $305,000 3 2 1250 DETACHD 35
13045 PRINCETON CT $429,000 $417,000 3 2.1 2900 DETACHD 5
3188 S GLENMORRIE DR $519,750 $495,000 3 3 3066 DETACHD 133
3114 DOUGLAS CIR $1,350,000 $1,145,000 4 4 5542 DETACHD 700

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

Market Activity 10/4-10/10

Market activity in Lake Oswego last week brought us 19 new listings, 7 pending sales, and 6 closed sales.

See below for further details:

NEWLY LISTED (Oct 4-Oct 10, 2010)

Address List Price Bedrooms Baths Sq feet Prop Type
668 MCVEY AVE $129,900 2 1.5 992 CONDO
159 OSWEGO SMT $175,000 2 2 1,506 CONDO
1416 CHERRY CREST DR $259,000 5 3 2,559 DETACHD
14138 KNAUS RD $296,573 4 2 2,001 DETACHD
53 ORIOLE LN $304,900 3 2.5 2,072 DETACHD
17952 Cardinal DR $309,900 3 2 1,702 DETACHD
743 10th ST $325,000 2 1 1,019 DETACHD
5311 CHILDS RD $349,000 4 2 1,764 DETACHD
28 PREAKNESS CT 350000 5 4 2,871 DETACHD
72 CONDOLEA WAY 375000 2 2.5 2,958 CONDO
880 BOCA RATAN DR 399900 5 3 2,364 DETACHD
5916 SUNBROOK DR 459900 3 2.5 2,617 DETACHD
1189 SUNNINGDALE CT 484900 3 2.5 2,072 DETACHD
18064 JENIFERS WAY 549950 3 2.5 2,639 DETACHD
22 SW DEL PRADO ST 559900 5 3.5 4,056 DETACHD
5371 LANGFORD LN 694950 4 2.5 2,950 DETACHD
18094 PILKINGTON RD 739950 3 3.5 3,505 DETACHD
5087 LAKEVIEW BLVD 749000 4 2.5 3,200 DETACHD
4256 LAKEVIEW BLVD 1095000 4 3.5 3,117 DETACHD

PENDING SALES (Oct 4-Oct 10, 2010)

Address List Price Bedrooms Baths Sq feet Prop Type
44 CRESTFIELD CT $75,000 2 1 923 CONDO
86 KINGSGATE RD $94,900 2 2 924 ATTACHD
15139 QUARRY RD $224,900 3 2 1,328 DETACHD
5160 TUALATA LN $304,900 3 2 1,470 DETACHD
1740 YARMOUTH CIR $510,000 2 2.5 1,960 DETACHD
13596 STREAMSIDE DR $579,900 4 2.5 3,430 DETACHD
2811 ARROWHEAD CT $1,000,000 4 3.5 3,740 DETACHD

SOLD (Oct 4-Oct 10, 2010)

Address Original Price Closed Price BD/BATH Sq feet Prop Type CDOM
6125 FERNBROOK ST $264,999 $230,000 3/1.5 1,271 DETACHD 180
1684 BOCA RATAN DR $248,900 $240,000 3/2.0 1,611 ATTACHD 531
17683 ARBOR LN $339,900 $305,000 3/2.0 1,946 DETACHD 70
875 LEE ST $378,900 $345,500 3/2.0 2,200 DETACHD 483
2329 STONEHURST CT $539,900 $530,000 4/3.0 3,275 DETACHD 12
5700 CHILDS RD $749,900 $749,900 4/2.5 2,865 DETACHD 98

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

Market Activity ~ Sept 27-Oct 3, 2010

Market activity last week brought Lake Oswego 10 new listings, 9 pending sales, and 12 closed sales according to RMLS.

See below for further details:

NEWLY LISTED (Sept 27-Oct 3, 2010)

Address List Price # Beds # Baths Total SF Prop Type
44 CRESTFIELD CT $75,000 2 1 923 CONDO
572 S STATE ST #8C $180,000 2 1 914 CONDO
5054 FOOTHILLS DR #69E $215,000 3 2 1252 CONDO
44 ORIOLE LN $270,000 4 2.1 2224 DETACHD
3541 RED CEDAR WAY $404,900 3 3 1963 DETACHD
17890 KELOK RD $417,900 4 2.1 3095 DETACHD
4978 MULHOLLAND DR $419,000 3 2.1 2498 ATTACHD
135 5th ST $539,900 4 1 2200 DETACHD
17606 WOODHURST PL $598,000 5 3.1 4488 DETACHD
15578 VILLAGE DR $799,000 3 2.1 3630 DETACHD

PENDING SALES (Sept 27-Oct 3, 2010)

Address List Price # Beds # Baths Total SF Prop Type CDOM
79 GALEN ST $69,900 2 2 995 CONDO 35
668 MCVEY AVE #54 $140,000 3 1.1 992 CONDO 5
2 MOUNTAIN CIR $160,000 2 1.1 1504 ATTACHD 21
6447 MCEWAN RD $169,900 2 1 912 DETACHD 115
6173 WASHINGTON CT $314,000 3 2 1440 DETACHD 10
1462 GREENTREE CIR $389,900 4 2.1 2507 DETACHD 138
571 2ND ST #307 $631,000 2 2 1561 CONDO
16461 CHAPIN WAY $749,900 4 2.1 4271 DETACHD 488
3151 DOUGLAS CIR $1,185,000 5 4.2 4400 DETACHD 125

SOLD (Sept 27-Oct 3, 2010)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
512 S STATE ST $129,900 $90,000 1 1 829 CONDO 106
510 S STATE ST $117,500 $95,100 1 1 829 CONDO 58
16790 LAKE FOREST BLVD $155,000 $120,000 2 1 780 DETACHD 32
4201 COLLINS WAY $279,000 $278,000 3 2 1230 DETACHD 53
15265 BOONES WAY $324,500 $300,000 2 2.1 1560 ATTACHD 21
4664 FIRWOOD RD $379,900 $347,900 3 2 1640 DETACHD 53
231 LAUREL ST $425,000 $388,000 3 3 2244 DETACHD 119
17778 MARYLCREEK DR $459,900 $400,000 3 2.1 2741 DETACHD 49
325 3RD ST $499,900 $441,500 2 2.1 1937 ATTACHD 189
15 SCARBOROUGH DR $549,000 $494,000 5 3.1 3310 DETACHD 58
1050 Schukart LN $599,000 $561,015 3 3.1 5847 DETACHD 207
17281 KELOK RD $1,195,000 $845,000 3 3 2682 DETACHD 370

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

Market Activity Sept. 20-26, 2010

Last week brought 19 new listings onto the market, 11 pending sales, and 11 closed sales.

There is a new listing worth getting excited about. It’s a condo right on the lake at the East end off of McVey. It was previously listed for $549,000, and is now a foreclosure listed for $140,000. Seriously, waterfront for $140,000. My guess is that the bank who now owns it knows that with the lake level lowered right now for the sewer replacement project, they know it will not show well. But if you are willing to look at a mud bog until next summer when the lake is refilled, you could get yourself one screaming deal. It’s just 992 square feet, with 3 bedrooms and 1 1/2 baths. Give Linda or myself a call if you want more info.

In the mean time, here is last week’s report.

See below for further details.

NEWLY LISTED (Sept 20-26, 2010)

Address List Price Bedroom Baths Sq Feet Prop Type
44 EAGLE CREST DR $100,000 2 1 908 CONDO
668 MCVEY AVE $140,000 3 1.5 992 CONDO
4085 JEFFERSON PKWY $168,900 2 2.5 1,851 CONDO
10 ORIOLE LN $299,500 3 2 1,654 DETACHD
6173 WASHINGTON CT $314,000 3 2 1,440 DETACHD
16026 PARKER RD $330,000 3 1 1,620 DETACHD
4260 SOUTHSHORE BLVD $349,000 2 2 1,268 DETACHD
106 KINGSGATE RD $349,900 3 2.5 1,669 DETACHD
2602 ORCHARD HILL PL 409900 3 2.5 2,568 DETACHD
17187 CARLSON CT 435000 4 3 2,082 DETACHD
979 DEVON LN 457000 4 3.5 2,162 DETACHD
2250 PARK RD 499000 3 2 2,072 DETACHD
19263 MEGLY CT 559900 5 3 3,213 DETACHD
17981 MEADOWLARK LN 584900 3 2.5 3,250 DETACHD
5975 NEWCASTLE DR 649000 4 2.5 3,339 DETACHD
1969 PALISADES TERRACE DR 775000 4 2.5 3,930 DETACHD
312 9th ST 782850 4 2.5 2,640 DETACHD
453 9th ST 797950 4 3.5 2,859 DETACHD
3030 Childs RD 999950 5 4.5 7,076 DETACHD

PENDING SALES (Sept 20-26, 2010)

Address List Price Bedrooms Baths Sq Feet Prop Type
200 BURNHAM RD $149,000 2 2 1,335 CONDO
18462 DON LEE WAY $179,900 4 2 1,904 DETACHD
16200 PACIFIC HWY $184,900 2 2 1,190 CONDO
1070 HALLINAN $321,000 3 1.5 1,653 DETACHD
32 CHURCHILL DOWNS $379,900 4 2.5 3,016 DETACHD
1000 ATWATER RD $389,900 4 3 2,200 DETACHD
17491 BLUE HERON DR $459,900 4 2 2,396 DETACHD
230 4TH ST $475,000 3 3 2,165 DETACHD
13143 VERMEER DR 499000 3 2.5 2,288 DETACHD
14246 KIMBERLY CIR 615000 4 2.5 3,520 DETACHD
844 5TH ST 829000 3 3 2,590 DETACHD

SOLD (Sept 20-26, 2010)

table >

Address Orig. Price Close Price CDOM Sq Feet Prop Type
6011 SHAKESPEARE ST $195,000 $196,000 1 1,318 DETACHD
5060 FOOTHILLS DR $229,500 $210,000 32 1,252 CONDO
18929 INDIAN SPRINGS RD $324,900 $324,900 7 3,380 DETACHD
595 6TH ST $349,000 $349,000 3 893 DETACHD
19 FALSTAFF ST $500,000 $405,000 169 3,207 DETACHD
19451 SW DOGWOOD CT $559,900 $527,900 104 3,547 DETACHD
577 2ND ST $595,000 $535,000 211 1,459 CONDO
3030 WESTVIEW CT $859,000 $727,500 677 3,415 DETACHD
5288 DENTON DR $759,000 $739,000 62 3,240 DETACHD
3540 RED CEDAR WAY $919,000 $740,000 177 4,100 DETACHD
1318 HORSESHOE CURV $1,275,000 $1,090,000 165 3,554 DETACHD

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

Market Activity ~ Sept 13-19, 2010

Market activity last week brought us 16 new listings, 2 pending sales, and 14 closed sales.

Two of the New Listings, Eagle Crest & Southwood, had been off the market for just a little less than 30 days & took a $30,000 price drop & approx $10,000 respectively.  Cameo was only off the market for a few days, but took a $250,000 price drop.  All show as New Listings with new Realtors as well.

See below for further details.

NEWLY LISTED (Sept 13-19, 2010)

Address List Price # Beds # Baths Total SF Prop Type
44 EAGLE CREST DR #1 $110,000 2 1 908 CONDO
3433 McNary PKWY #504 $189,900 2 2.1 1136 CONDO
37 ORIOLE LN $274,900 2 2 1520 DETACHD
1095 CORNELL ST $299,500 2 1 1416 DETACHD
427 9TH ST $299,900 4 2 2130 DETACHD
4760 LOWER DR $345,000 4 3 2500 DETACHD
13901 SUNDELEAF DR $350,000 4 0.3 1877 DETACHD
151 DEL PRADO ST $439,000 4 2.1 2447 DETACHD
326 LAKE BAY CT $474,900 3 2 1410 DETACHD
777 BERWICK CT $475,000 3 2 2324 DETACHD
14361 SHERBROOK PL $569,000 3 2.1 2100 DETACHD
5705 SOUTHWOOD DR $598,000 4 2.1 3360 DETACHD
15566 VILLAGE PARK CT $709,900 5 3.1 4692 DETACHD
193 FURNACE ST $769,950 2 2.1 2215 CONDO
13795 CAMEO CT $1,400,000 4 5.2 7190 DETACHD
1677 LESLIE LN $2,599,000 5 5.1 7534 DETACHD

PENDING SALES (Sept 13-19, 2010)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4664 FIRWOOD RD $349,900 3 2 1640 DETACHD 53
17670 MARYLBROOK DR $499,000 4 3 3067 DETACHD 261

SOLD (Sept 13-19, 2010)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #31 $84,950 $71,000 2 1 1009 CONDO 104
205 CERVANTES $164,900 $120,000 2 1.1 1216 CONDO 145
16200 PACIFIC HWY #8 $279,900 $221,500 2 2 1208 CONDO 120
3388 EDGEMONT RD $359,900 $250,000 3 2.1 1968 DETACHD 283
4236 HARVEY WAY $399,500 $348,000 3 2.1 1870 DETACHD 110
15580 PARTRIDGE DR $378,000 $350,000 3 2.1 2245 DETACHD 267
17518 REDFERN AVE $409,000 $365,000 3 2 1831 DETACHD 715
24 PARTRIDGE LN $449,000 $450,000 4 2.1 3224 DETACHD 40
5678 CHARLES CIR $580,000 $520,000 3 4 3455 DETACHD 495
14158 KIMBERLY CIR $530,000 $530,800 5 3 3648 DETACHD 40
19288 SW Megly CT $579,900 $562,400 5 3 3594 DETACHD 149
1425 CHANDLER RD $978,000 $750,000 4 3 3384 DETACHD 43
4912 FIRWOOD RD $999,900 $950,000 4 4 5640 DETACHD 21
19000 BRYANT RD $965,000 $965,000 5 3.1 5874 DETACHD 3

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