Real estate activity in Lake Oswego is experiencing a late summer/early fall resurgence as 24 new properties come on the market last week, while 8 homes go sale pending and 12 houses close escrow two weeks ago.
This little bump in transactions is similar to the Portland metro market as a whole, which I think will approach 70% of 2007’s activity level, as opposed to the 65% we’ve seen throughout the year.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (September 22-28, 2008)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
LIST DATE
|
| 181 OSWEGO SUMMIT |
$214,900
|
2
|
2
|
1,383
|
CONDO |
9/25
|
| 5101 JEAN RD |
$295,000
|
3
|
1
|
1,012
|
DETACHD |
9/21
|
| 3 THE GROTTO |
$312,000
|
2
|
2
|
1,688
|
DETACHD |
9/24
|
| 18881 PILKINGTON RD |
$335,000
|
3
|
2
|
1,252
|
DETACHD |
9/24
|
| 5142 ROSEWOOD ST |
$339,900
|
4
|
2.1
|
1,784
|
DETACHD |
9/21
|
| 57 GREENRIDGE CT |
$349,900
|
2
|
2
|
1,314
|
ATTACHD |
9/26
|
| 17304 MARJORIE AVE |
$364,900
|
3
|
1.1
|
1,340
|
DETACHD |
9/21
|
| 2638 GREENTREE RD |
$399,900
|
4
|
2
|
2,373
|
DETACHD |
9/23
|
| 12103 ORCHARD HILL WAY |
$429,000
|
4
|
2.1
|
2,332
|
DETACHD |
9/22
|
| 5562 ROYAL OAKS DR. |
$494,500
|
4
|
2.1
|
2,342
|
DETACHD |
9/23
|
| 18212 INDIAN CREEK DR |
$649,000
|
4
|
2.1
|
2,313
|
DETACHD |
9/25
|
| 18148 PIONEER CT |
$799,000
|
5
|
3
|
3,542
|
DETACHD |
9/27
|
| 2317 STONEHURST CT |
$849,950
|
4
|
2.1
|
4,455
|
DETACHD |
9/21
|
| 4378 Albert CIR |
$899,000
|
3
|
3
|
3,735
|
DETACHD |
9/24
|
| 17259 LOWENBERG TER |
$939,900
|
4
|
2.1
|
2,955
|
DETACHD |
9/23
|
| 1776 OAK ST |
$1,125,000
|
4
|
3.1
|
4,012
|
DETACHD |
9/22
|
| 2600 DELLWOOD DR |
$1,149,000
|
4
|
3
|
3,690
|
DETACHD |
9/23
|
| 17251 CEDAR RD |
$1,229,900
|
3
|
2.1
|
3,175
|
DETACHD |
9/23
|
| 13010 KNAUS RD |
$1,249,500
|
4
|
3.1
|
4,312
|
DETACHD |
9/22
|
| 13371 ATWATER LN |
$1,499,000
|
4
|
3
|
4,795
|
DETACHD |
9/22
|
| 260 PINE VALLEY RD |
$1,650,000
|
4
|
3.1
|
3,900
|
DETACHD |
9/21
|
| 3178 DOUGLAS CIR |
$1,650,000
|
5
|
4.1
|
5,256
|
DETACHD |
9/21
|
| 16771 MAPLE CIR |
$1,850,000
|
3
|
3
|
2,074
|
DETACHD |
9/23
|
| 2793 POPLAR WAY |
$1,995,000
|
4
|
5.1
|
6,300
|
DETACHD |
9/25
|
PENDING SALES (September 22-28, 2008)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| 8 BRITTEN CT |
$249,900
|
2
|
2
|
1,175
|
ATTACHD |
86
|
| 5829 SW BENFIELD CT |
$297,400
|
5
|
2.1
|
1,744
|
DETACHD |
115
|
| 2751 SUMMIT DR |
$389,900
|
3
|
2
|
2,278
|
DETACHD |
396
|
| 10 GROUSE TER |
$528,900
|
4
|
3.1
|
3,462
|
DETACHD |
46
|
| 5474 BAY CREEK DR |
$549,000
|
3
|
2.1
|
2,322
|
DETACHD |
292
|
| 112 D AVE |
$579,900
|
2
|
2.1
|
1,741
|
ATTACHD |
253
|
| 18064 JENIFERS WAY |
$749,000
|
4
|
2.1
|
2,859
|
DETACHD |
131
|
| 4118 GLACIER LILY ST |
$799,990
|
4
|
3.1
|
4,452
|
DETACHD |
295
|
SOLD (September 15-21, 2008)
| ADDRESS | ORIG. PRICE | SALE PRICE |
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| 35 CRESTFIELD CT |
$150,000
|
$125,000
|
2
|
1
|
923
|
CONDO |
75
|
| 44 EAGLE CREST DR |
$159,000
|
$154,900
|
2
|
1
|
908
|
CONDO |
28
|
| 1000 UPPER DEVON LN |
$329,900
|
$375,000
|
3
|
2.1
|
2,872
|
DETACHD |
19
|
| 12724 ALTO PARK RD |
$700,000
|
$400,000
|
3
|
2
|
1,820
|
DETACHD |
193
|
| 7 Del Prado ST |
$469,900
|
$413,000
|
4
|
3
|
2,232
|
DETACHD |
168
|
| 5207 COVENTRY CT |
$525,000
|
$420,000
|
3
|
2
|
1,973
|
DETACHD |
468
|
| 13332 VERMEER DR |
$399,900
|
$425,000
|
4
|
3
|
2,382
|
DETACHD |
30
|
| 27 BECKET ST |
$619,000
|
$525,000
|
3
|
2
|
2,615
|
DETACHD |
356
|
| 5677 GRAND OAKS DR |
$649,900
|
$610,000
|
4
|
2.1
|
3,074
|
DETACHD |
77
|
| 13268 DEERFIELD CT |
$689,900
|
$634,000
|
4
|
2.1
|
2,895
|
DETACHD |
49
|
| 4102 CHAD DR |
$848,950
|
$650,000
|
4
|
2.1
|
3,054
|
DETACHD |
103
|
| 5804 SUNCREEK DR |
$769,000
|
$732,000
|
5
|
2.1
|
3,090
|
DETACHD |
8
|
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.