Tag: activity

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Lake Oswego Real Estate Market Results – Q1 2008

The 1st quarter Lake Oswego real estate results for 2008 are in the books. Heading into the prime buying and selling season, how did the market fare?

For home sellers, the news wasn’t particularly heartening. Over the first quarter of 2008, Lake Oswego sold 125 condo, attached, and single-family homes. That figure is down 40% from the same period in 2007.

Across all property types, the average price came in at $591,131, which is up 7% from last year. The median (middlemost) value in the range is $495,000 (vs. $449,000 in 2007).

Following is a breakdown of property types by average sale prices, market time, and size:

LAKE OSWEGO MARKET ACTIVITY – JANUARY 1 – MARCH 31, 2008

PROPERTY TYPE
QUANTITY SOLD
AVG SALE PRICE
AVG SQ. FT.
SALE PRICE VS. ORIG. LIST PRICE
AVG MARKET TIME*
Condominiums
31
$223,935
1,156
88%
113
Attached Homes
6
$481,187
2,149
96%
24
Single Family Detached Homes
88
$727,981
2,808
92%
82
SUMMARY
125
$591,131
2,367
92%
87

Conclusions?

Do the results suggest that prices in Lake Oswego are still rising? In 2007, single family detached homes made up 56% of the total housing mix; this year, it’s 70% of the mix, having a much greater influence on the overall housing average. Looking just at single family homes, the average sale price is down 4% from last year’s first quarter.

A note of caution: Final sale prices on single family homes are coming in at 92% of the original list price, suggesting that sellers may be better off starting their pricing at a level reflective of a slowing market.

* Market time or Days on Market (DOM) refers to the number of days between the time the listing becomes active in the multiple listing service and the date of when an offer has been accepted by the seller.

Data courtesy of RMLS.

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Market Activity – March 31-April 6, 2008

The post-spring break real estate rush is definitely on, with 46 new home listings coming on the market in the past week. Fortunately, 24 properties closed escrow or received an acceptable offer (sale pending).

Later this week, we’ll take a look at the first quarter results for the Lake Oswego market.

Here are the Lake Oswego real estate market statistics for the week March 31 through April 6 (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
368 CERVANTES CIR
$159,900
2
1
882
CONDO
4/1
15938 QUARRY RD
$187,000
2
1
991
CONDO
4/3
165 OSWEGO SMT
$209,900
2
2
1,383
CONDO
3/31
216 RIDGEWAY RD
$259,900
2
1
914
CONDO
4/3
343 5TH ST
$319,500
2
1
910
CONDO
3/31
4458 THUNDER VISTA LN
$339,500
3
2.1
2,200
CONDO
4/1
210 S STATE ST
$339,900
2
1.1
1,495
CONDO
3/30
150 KINGSGATE RD
$359,900
3
2
1,477
DETACHD
4/3
4161 COBB WAY
$419,800
3
2
1,915
DETACHD
3/30
1307 CEDAR ST
$447,500
4
3
2,162
DETACHD
3/30
13050 BOONES FERRY RD
$449,000
3
2.1
2,320
DETACHD
4/2
5142 ROSEWOOD ST
$449,900
4
2.1
1,784
DETACHD
3/30
17101 CHAPIN WAY
$509,000
3
2
1,949
DETACHD
3/31
4688 OAKRIDGE RD
$525,000
3
2
1,788
DETACHD
4/4
1440 CHERRY CREST AVE
$539,900
3
2.1
1,938
DETACHD
4/2
14251 SW CAMDEN LN
$540,000
3
2.1
2,179
DETACHD
4/1
5497 Willow CT
$549,900
3
2.1
2,438
ATTACHD
4/1
14300 CAMDEN LN
$550,000
4
2.1
2,346
DETACHD
4/2
5475 Willow CT
$569,900
3
2.1
2,438
ATTACHD
4/1
5431 Willow CT
$569,900
3
2.1
2,400
ATTACHD
4/1
5453 Willow CT
$569,900
3
2.1
2,400
ATTACHD
4/1
17777 BLUE HERON DR
$575,000
4
3
2,609
DETACHD
4/3
3355 UPPER DR
$599,900
4
2
3,205
DETACHD
4/1
4722 HASTINGS PL
$649,900
4
2.1
2,151
DETACHD
3/31
7190 SW CHILDS RD
$675,000
3
3
2,316
DETACHD
3/31
557 EVERGREEN RD
$685,000
2
2
1,598
DETACHD
4/3
4031 Old Gate Road
$699,900
4
4
3,704
DETACHD
4/5
14218 KIMBERLY CIR
$749,000
4
2.1
3,205
DETACHD
3/30
770 5TH ST
$779,000
3
2.1
2,721
DETACHD
4/1
165 FURNACE ST
$829,000
2
2.1
2,175
CONDO
3/30
19177 35TH PL
$838,000
4
2.1
3,459
DETACHD
3/31
547 MIDDLECREST RD
$849,900
2
2.1
1,881
DETACHD
3/31
307 DURHAM ST
$965,000
3
2.1
2,600
DETACHD
3/31
14135 EDENBERRY DR
$979,000
4
2.1
3,174
DETACHD
4/3
17606 WOODHURST PL
$1,049,000
5
3.1
4,488
DETACHD
3/30
3540 RED CEDAR WAY
$1,159,000
4
3.1
4,000
DETACHD
3/30
1606 BAY VIEW LN
$1,169,000
5
3.1
4,288
DETACHD
3/30
1835 CEDAR CT
$1,169,000
3
3.1
3,148
DETACHD
4/4
5587 CARMAN DR
$1,175,000
4
3.1
2,591
DETACHD
3/31
950 OAK TER
$1,220,000
4
2.1
3,714
DETACHD
3/31
3407 LAKE GROVE AVE
$1,298,000
4
3.2
4,475
DETACHD
4/1
4063 CANAL WOODS CT
$1,299,900
4
3.1
4,563
DETACHD
3/30
5250 SW Dawn ST
$1,390,000
4
3.1
4,333
DETACHD
4/1
17538 BROOKHURST DR
$1,450,000
4
5.1
5,451
DETACHD
4/2
1340 CHERRY LN
$1,950,000
4
4.1
5,795
DETACHD
4/2
4011 WESTBAY RD
$1,990,000
5
3.1
4,518
DETACHD
3/30

Pending Sales

Address List Price Tot Beds Tot Baths Tot Sq Ft Prop Type DOM
8 CRESTFIELD CT
$144,900
1
1
689
CONDO
30
18620 INDIAN CREEK DR
$399,900
3
2
2,064
DETACHD
21
17200 CANAL CIR
$430,000
2
1.1
1,814
DETACHD
124
1711 HIGHLAND DR
$449,000
3
2.1
1,926
DETACHD
2
5511 ROYAL OAKS DR
$449,900
3
2
1,898
DETACHD
4
1982 PARK FOREST AVE
$519,900
5
3
2,692
DETACHD
11
1091 BICKNER ST
$625,000
4
2
2,510
DETACHD
76
490 IRON MOUNTAIN BLVD
$649,000
2
2
2,246
DETACHD
27
5642 LA MESA CT
$699,000
4
2.1
3,361
DETACHD
153
2340 PARK RD
$724,900
3
3
3,200
DETACHD
131
15737 TARA PL
$779,000
4
2.1
3,057
DETACHD
206
17912 MEADOWLARK LN
$799,000
4
3
3,087
DETACHD
410
17237 Lowenberg TER
$999,900
3
2.1
3,095
DETACHD
2070 RIDGE POINTE DR
$1,149,900
4
5
5,400
DETACHD
32
1098 CHANDLER RD
$2,000,000
4
3.1
3,696
DETACHD
63

Sold Properties

Address Sale Price Tot Beds Tot Baths Tot Sq Ft Prop Type DOM
93 GALEN ST
$134,000
1
1
689
CONDO
68
16200 PACIFIC HWY
$312,500
2
2
1,200
CONDO
633
13457 AUBURN CT
$512,500
3
2.1
1,937
CONDO
110
1991 SUMMIT DR
$539,900
3
3.1
2,395
DETACHD
267
11 TANGLEWOOD DR
$550,000
4
3
3,148
DETACHD
206
1322 GLENMORRIE DR
$710,000
3
3
2,771
DETACHD
110
17970 ROYCE WAY
$899,900
4
4.2
4,207
DETACHD
273
140 FURNACE ST
$950,000
4
3.1
3,633
DETACHD
228
15420 BOONES WAY
$1,169,000
3
2.1
3,364
ATTACHD
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.

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Market Activity: February 25 – March 2, 2008

We’re pleased to introduce a weekly feature here at PropertyBlotter that will help you keep in touch with the real estate market in Lake Oswego.

Every Monday, you’ll find the real estate activity for the previous week: properties listed, homes with sales pending, and finally, sold properties (along with the final selling price) for all condos, attached, and single-family homes in Lake Oswego. The active listings will have convenient links for additional information about each property.

Without further ado, here are the Lake Oswego real estate market statistics for the week February 25 through March 2 (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
121 OSWEGO SMT
$149,500
1
1
764
 CONDO
2/28
16584 SW ROOSEVELT AVE
$229,000
2
1
1,188
 DETACHD
2/25
215 CERVANTES
$229,900
2
2
1,100
 CONDO
2/25
750 1ST ST
$254,900
2
2
1,350
 CONDO
2/28
18966 SW LONGFELLOW AVE
$346,950
3
2
1,782
 DETACHD
2/29
6301 ALYSSA TER
$349,900
3
2.1
1,546
 ATTACHD
2/26
5275 OAKRIDGE RD
$349,900
3
2
1,267
 DETACHD
2/28
4211 WOODSIDE CIR
$375,000
3
2
1,688
 CONDO
2/25
3190 DUNCAN DR
$389,999
3
2.1
2,401
 DETACHD
2/27
1101 HEMLOCK ST
$397,000
3
2.1
2,092
 DETACHD
2/29
4648 REMBRANDT LN
$410,000
3
2.1
1,793
 DETACHD
2/24
100 LEONARD ST
$438,900
2
2
1,364
 ATTACHD
2/24
19210 SW MAREE CT
$450,000
3
2.1
1,634
 DETACHD
2/24
6187 FROST LN
$475,000
3
2.1
2,107
 DETACHD
2/27
1602 GREENTREE RD
$485,000
3
2
1,708
 DETACHD
2/27
428 ASH ST
$497,900
5
5
4,380
 DETACHD
2/29
4191 CHAPMAN WAY
$525,000
4
2.1
2,610
 DETACHD
2/27
17 ABELARD ST
$539,000
3
2
2,070
 DETACHD
2/24
2104 WEMBLEY PARK RD
$565,000
4
3
2,052
 DETACHD
2/24
4231 SUNSET DR
$574,900
3
2
2,852
 DETACHD
3/1
5562 ROYAL OAKS DR
$624,900
4
2.1
2,342
 DETACHD
2/25
200 BURNHAM RD
$629,000
3
2
1,894
 CONDO
2/27
3745 TEMPEST DR
$649,876
4
3
2,743
 DETACHD
2/29
178 PINE VALLEY RD
$699,900
4
3.1
2,999
 DETACHD
2/29
1 BRITTEN CT
$699,950
4
3
2,325
 DETACHD
2/27
5853 SOUTHWOOD DR
$769,900
5
2.1
3,707
 DETACHD
2/28
435 8TH ST
$799,000
4
3.1
2,505
 DETACHD
2/29
1710 SW Glenmorrie Terrace
$799,000
4
3
3,110
 DETACHD
2/26
3886 TAMARACK LN
$799,900
4
3.1
4,010
 DETACHD
2/24
14101 REDWOOD CT
$824,900
3
3.1
2,629
 DETACHD
2/26
18720 WESTVIEW DR
$878,888
4
3
3,244
 DETACHD
3/1
18220 RIVER EDGE CT
$899,000
4
3
3,335
 DETACHD
2/26
19320 SW Lorna LN
$949,000
4
4.1
3,660
 DETACHD
2/25
5435 WASHINGTON CT
$1,049,900
4
3.1
3,323
 DETACHD
2/26
4725 SW UPPER DR
$1,200,000
3
2.1
2,600
 DETACHD
2/29
720 6TH ST
$1,300,000
3
3.1
4,217
 DETACHD
2/27
18284 MEADOWLARK LN
$1,559,000
4
4.2
5,648
 DETACHD
2/26
688 IRON MOUNTAIN BLVD
$1,689,000
4
4.1
4,143
 DETACHD
2/24
18990 SW BARTON RD
$1,699,000
4
3.2
4,592
 DETACHD
2/27
19007 EASTSIDE RD
$1,839,000
4
3.1
4,651
 DETACHD
2/24
4502 Lamont WAY
$1,950,000
4
4
3,838
 DETACHD
2/28
14001 GOODALL RD
$1,975,000
4
3.1
5,397
 DETACHD
2/24
13083 SW KNAUS RD
$3,295,000
5
4.1
6,435
 DETACHD
2/27

Pending Sales

Address List Price Tot Beds Tot Baths Tot Sq Ft Prop Type DOM
86 KINGSGATE RD
$174,000
2
2
849
 CONDO
13
668 McVey AVE
$199,850
2
1.1
976
 CONDO
668 McVey AVE
$299,850
3
1.1
985
 CONDO
1402 PARRISH ST
$329,000
3
2.1
1,880
 CONDO
215
4537 HERITAGE LN
$329,900
3
2.1
1,619
 DETACHD
96
1647 DEVON LN
$389,900
4
2.1
2,494
 DETACHD
304
1491 KOAWOOD DR
$424,900
3
3
2,510
 DETACHD
60
16200 PACIFIC HWY
$439,850
2
2
1,200
 CONDO
622
4333 ORCHARD WAY
$564,000
4
2.1
2,897
 DETACHD
49
2311 PARK RD
$649,900
4
3
2,658
 DETACHD
303
544 9TH ST
$699,000
3
3
2,088
 DETACHD
2
1130 OAK TER
$859,900
4
3.1
3,729
 DETACHD
123

Sold Properties

Address List Price Tot Beds Tot Baths Tot Sq Ft Prop Type DOM
56 Galen Street
$185,000
2
2
995
 CONDO
14636 DORIS AVE
$360,000
3
2
1,861
 DETACHD
68
1405 CHERRY CREST AVE
$529,000
4
3
2,590
 DETACHD
30
5625 SOUTHWOOD DR
$630,000
4
2.1
3,301
 DETACHD
136
26 GROUSE TER
$637,000
4
3
3,857
 DETACHD
112
15915 Waluga DR
$750,000
3
2.1
2,939
 DETACHD

Criteria: Homes in the 97034 and 97035 zip code, listed, pending or sold between February 25 – March 2, 2008 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.