Wow. This is some kind of a record for the Blotter. There were 14 New properties that came on the market, and nearly all of them were truly fresh listings. The only one that would not necessarily be something I would categorize as “New”, being as it was not off the market for at minimum 30 days, is the Sherbrook property, but I included it as it went to bank-owned status and that is a significant change. There were 6 that went to Pending status, and a whopping 22 that Sold in Lake Oswego last week according to RMLS.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (Oct. 26—Nov.1, 2009)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
LIST DATE
|
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | List Date |
| 72 CERVANTES CIR | $125,000 | 2 | 1.1 | 912 | CONDO | 10/29/2009 |
| 172 OSWEGO SUMMIT | $179,950 | 2 | 2 | 1,383 | CONDO | 10/29/2009 |
| 210 Durham ST | $199,900 | 3 | 1.1 | 1,318 | CONDO | 10/29/2009 |
| 28 WHEATHERSTONE | $230,000 | 3 | 2.1 | 1,692 | CONDO | 10/27/2009 |
| 5686 WASHINGTON CT | $275,000 | 2 | 2 | 1,160 | DETACHD | 10/30/2009 |
| 14431 SHERBROOK PL | $299,900 | 4 | 3 | 3,284 | DETACHD | 10/30/2009 |
| 1601 GREENTREE RD | $340,100 | 3 | 2.1 | 2,444 | DETACHD | 10/28/2009 |
| 2697 LOOKOUT CT | $450,000 | 3 | 2 | 2,419 | DETACHD | 10/31/2009 |
| 252 NORTHSHORE RD | $459,000 | 3 | 1 | 2,280 | DETACHD | 10/28/2009 |
| 5 GARIBALDI ST | $574,800 | 4 | 3.1 | 3,250 | DETACHD | 10/26/2009 |
| 4703 CAMBRIDGE CT | $579,000 | 2 | 2.1 | 2,914 | ATTACHD | 11/1/2009 |
| 17879 HILLSIDE DR | $599,900 | 3 | 3 | 3,049 | DETACHD | 10/26/2009 |
| 4688 CHELSEA LN | $649,900 | 4 | 2.1 | 3,493 | DETACHD | 10/26/2009 |
| 744 9TH ST | $1,275,000 | 4 | 3.1 | 4,255 | DETACHD | 10/27/2009 |
PENDING SALES (Oct. 26 -Nov. 1, 2009)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 5958 KENNYCROFT WAY | $224,900 | 3 | 2.1 | 1,450 | DETACHD | 63 |
| 16018 WALUGA DR | $415,000 | 4 | 2 | 2,200 | DETACHD | 9 |
| 6 BECKET ST | $425,000 | 3 | 2.1 | 2,767 | DETACHD | 380 |
| 135 FURNACE ST | $709,900 | 2 | 2.1 | 1,927 | CONDO | 97 |
| 19422 LORNA LN | $805,000 | 5 | 3.1 | 4,011 | DETACHD | 14 |
| 18414 Old River Landing | $2,588,000 | 4 | 4.2 | 6,498 | DETACHD | 499 |
SOLD (Oct. 26-Nov. 1, 2009)
| ADDRESS | ORIG. PRICE | SALE PRICE |
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| Address | O/Price | Close Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 32 OSWEGO SMT | $149,900 | $123,670 | 1 | 1 | 752 | CONDO | 497 |
| 86 KINGSGATE RD | $125,900 | $130,900 | 2 | 2 | 849 | CONDO | 38 |
| 578 S STATE | $160,000 | $145,000 | 2 | 1 | 914 | CONDO | 343 |
| 3814 BOTTICELLI ST | $154,000 | $151,000 | 2 | 2 | 1,055 | ATTACHD | 35 |
| 48 EAGLE CREST DR | $175,000 | $160,000 | 2 | 2 | 1,443 | CONDO | 108 |
| 16651 LAKE FOREST BLVD | $239,900 | $226,500 | 3 | 1 | 1,230 | DETACHD | 34 |
| 4105 DOUGLAS WAY | $384,900 | $255,000 | 7 | 2.1 | 2,856 | DETACHD | 501 |
| 2961 DELLWOOD DR | $350,000 | $350,000 | 3 | 3 | 2,476 | DETACHD | 192 |
| 1625 CLOVERLEAF RD | $364,900 | $359,900 | 3 | 2 | 1,996 | DETACHD | 15 |
| 534 D AVE | $379,900 | $379,900 | 3 | 2 | 1,400 | DETACHD | 62 |
| 2161 CREST DR | $417,500 | $381,500 | 4 | 2.1 | 2,648 | DETACHD | 73 |
| 2851 PARK RD | $429,950 | $385,000 | 4 | 2.1 | 2,674 | DETACHD | 137 |
| 41 HILLSHIRE DR | $427,000 | $400,000 | 4 | 3 | 2,670 | DETACHD | 437 |
| 3 CELLINI CT | $465,000 | $405,000 | 4 | 2.1 | 2,531 | DETACHD | 240 |
| 14666 UPLANDS DR | $595,000 | $470,530 | 3 | 2.1 | 2,568 | DETACHD | 114 |
| 2330 DELLWOOD DR | $495,000 | $478,500 | 5 | 3.1 | 3,468 | DETACHD | 4 |
| 400 LAKE BAY CT | $579,900 | $502,000 | 3 | 2.1 | 1,680 | DETACHD | 198 |
| 13175 THOMA RD | $579,900 | $559,000 | 3 | 2 | 1,920 | DETACHD | 8 |
| 570 7TH ST | $675,000 | $625,000 | 3 | 2.1 | 2,528 | DETACHD | 265 |
| 13531 FIELDING RD | $849,000 | $645,000 | 4 | 3.1 | 4,629 | DETACHD | 463 |
| 2600 DELLWOOD DR | $875,000 | $699,000 | 4 | 3 | 3,690 | DETACHD | 486 |
| 243 10TH ST | $2,495,000 | $1,860,000 | 5 | 4.2 | 5,644 | DETACHD | 434 |
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.
Last week brought 19 new listings onto the market, 13 pending sales, and 9 closed sales. This week I noticed four really interesting new listings. As you know, Linda and I weed out the “new” listings that are simply old listings with new listing numbers. So each week we research the market history to report on properties that really are new on the market. This week there are several new listings that were pulled off the market months ago and are now being re-listed at drastically reduced prices. I’m not talking about a minor price reduction, I’m talking about slashing the price. In two cases the houses are now on the market as bank foreclosures, and in two cases it looks to me like home owners who are saying “What’s it going to take to get my house sold?” Here are the reductions: 18064 Jenifers Way, reduced $150,000; 2000 Wembly Park, reduced $325,000; 702 Terrace, reduced $420,000; and 830 Cabana, reduced $727,000. These are incredible price reductions and represent real investment opportunities. Here is the latest market activity for Lake Oswego (see below the tables for additional notes): NEWLY LISTED (Oct. 19—Oct.25, 2009) PENDING SALES (Oct. 19 -Oct. 25, 2009) SOLD (Oct. 19-Oct. 25, 2009) 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 for October 19-25, 2009
ADDRESS
PROP TYPE
Address
Close Price
List Price
# BR
# BTHS
Total SF
Prop Type
List Date
47 EAGLE CREST DR
$148,000
3
1
1,024
CONDO
10/19/2009
16790 LAKE FOREST BLVD
$179,000
2
1
780
DETACHD
10/25/2009
16535 ROOSEVELT AVE
$259,000
3
2
1,495
DETACHD
10/19/2009
5225 JEAN RD
$259,900
2
2
1,400
CONDO
10/23/2009
16546 BONAIRE AVE
$274,900
3
1
1,064
DETACHD
10/19/2009
14300 SHERBROOK PL
$354,500
3
2.1
1,924
DETACHD
10/22/2009
17755 HILL WAY
$364,900
4
3
1,831
DETACHD
10/22/2009
16018 WALUGA DR
$415,000
4
2
2,200
DETACHD
10/20/2009
3402 LAKE GROVE AVE
442000
3
2
1,686
DETACHD
10/25/2009
702 TERRACE DR
475000
3
3
3,429
DETACHD
10/23/2009
209 HIDALGO ST
498000
4
2.1
2,620
DETACHD
10/21/2009
17670 MARYLBROOK DR
499000
3
2.1
3,067
DETACHD
10/22/2009
2000 WEMBLEY PARK RD
540000
4
3
2,660
DETACHD
10/21/2009
18064 JENIFERS WAY
599000
3
2.1
2,859
DETACHD
10/23/2009
830 CABANA LN
668250
4
3.1
3,029
DETACHD
10/20/2009
13278 ROGERS RD
695000
3
2.1
2,964
DETACHD
10/19/2009
13315 HIDDEN BAY CT
729000
5
2.1
3,671
DETACHD
10/23/2009
548 RIDGEWAY RD
1195000
4
3
2,830
DETACHD
10/19/2009
1626 ENGLEWOOD DR
1750000
4
2.2
5,690
DETACHD
10/19/2009
ADDRESS
PROP TYPE
Address
List Price
# BR
# BTHS
Total SF
Prop Type
CDOM
4 TOUCHSTONE
$119,900
2
2
984
CONDO
43
3930 LAKE GROVE AVE
$144,900
2
1
952
CONDO
28
73 OSWEGO SMT
$159,900
2
2
1,212
CONDO
440
4948 SW MEADOWS AVE
$229,000
3
2
2,491
DETACHD
122
3497 DEVONSHIRE DR
$259,900
3
2
1,556
ATTACHD
145
5347 RED LEAF ST
$329,000
3
2
1,456
DETACHD
14
5096 SW TREE ST
$334,900
3
1.1
1,410
DETACHD
462
17366 CARDINAL DR
$425,000
4
2.1
2,107
DETACHD
56
13584 TWIN CREEK LN
$449,900
4
2.1
2,615
DETACHD
2
410 LAUREL ST
$464,500
4
2.1
2,064
DETACHD
138
13175 THOMA RD
$579,900
3
2
1,920
DETACHD
8
19463 LORNA LN
$805,000
4
3.1
4,024
DETACHD
6
13083 SW KNAUS RD
$2,295,000
5
4.1
4,900
DETACHD
598
ADDRESS
ORIG. PRICE
SALE PRICE
PROP TYPE
Address
O/Price
Close Price
# BR
# BTHS
Total SF
Prop Type
CDOM
340 CERVANTES CIR
$120,000
$105,000
2
1.1
912
CONDO
122
15230 BOONES WAY
$164,900
$158,500
2
2
1,185
CONDO
77
195 OSWEGO SMT
$279,900
$183,700
2
2
1,506
CONDO
343
5 PEACOCK PL
$330,000
$289,500
4
2.1
1,760
DETACHD
169
17860 Sundown CT
$499,900
$320,000
4
3.1
3,480
DETACHD
136
14141 GOODALL RD
$359,900
$375,000
3
2.1
1,754
DETACHD
91
19 TOUCHSTONE
$415,000
$390,000
4
3
2,789
DETACHD
107
5329 Langford LN
$725,000
$719,000
3
2.1
2,962
DETACHD
302
1708 VILLAGE PARK LN
899000
889000
4
2.1
3,211
DETACHD
13