Lake Oswego Real Estate Luxury Homes For Sale

I have seen it written by economists that if the Luxury Home real estate market isn’t doing well, the rest of the real estate markets and price ranges follow.Lake Oswego Real Estate Luxury Homes For Sale.lakeoswegorealestateblog.wordpress.com

However, most if not all, of the Portland metro real estate markets are doing very well indeed, largely in part because of low inventory and buyer demand.

But what has sold in the Luxury Home real estate market in Lake Oswego so far this year?  How does it compare to last year? How well is it doing?

Lake Oswego Luxury Homes

Lake Oswego homes in the $1 million plus range are doing very well indeed and sales are doing better than in 2014.

The January 1, 2015 to August 31, 2015 stats are below along with the 2014 stats to compare.

January 1 to August 31, 2015

  • 71 houses sold during this time period
  • The sold price was 94.55% of the original list price
  • 4372 average sq. foot sold
  • Days on the market was 123 days
  • $331 average sq. ft. sold $ amount
  • $1,435,428 was the average sale price

January 1 to August 31, 2014

  • 54 houses sold during this time period
  • The sold price was 93.19% of the original list price
  • 4784 average sq. foot sold
  • Days on the market was 208 days
  • $327 average sq. ft. sold $ amount
  • $1,565,492 was the average sale price

Luxury Homes For Sale Lake Oswego Real Estate

Looking for a luxury home for sale in Lake Oswego?  There are currently 81 homes for sale in that price range in the Lake Oswego real estate market and they can be viewed here.

If you want to take a look at any of these and find your luxury dream home, please give me a call at 503-804-9685.

Search For Real Estate

You can use this phone app to search for the home of your dreams – http://app.summarealty.com/SMAFZ

My new website is also available but it is still a work in progress – http://www.summabroker/bettyjung

Thinking of Selling Your Lake Oswego Home?

The real estate market is “hot” here in the Portland metro area and Lake Oswego. If you are thinking of buying or selling give me a call as I am ready to assist you with all your real estate needs!

Prices are increasing at a fast past in Lake Oswego. Interest rates are still low and there is a huge pool of buyer demand. If you want to know the value of your home in today’s real estate market, please call me at 503-804-9685.

Moving to Lake Oswego?

Want to know more about Lake Oswego, I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2015. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is in violation of federal copyright laws.

Lake Oswego Real Estate What Is Selling In Westlake Neighborhood

You have been hearing that the real estate market is “hot” and that houses are selling over list price.  That certainly is the case in many neighborhoods and at most price points, but not all.  However, inventory of homes for sale is still at an all time low in most areas.https://lakeoswegorealestateblog.wordpress.com/lake-oswego-real-estate-what-is-selling-in-the-westlake-neighborhood

What Is Selling In The Westlake Neighborhood?

I decided to see if that was the case in the Westlake Neighborhood of Lake Oswego – the neighborhood where I live and work.

For the first 8 months of the year — January 1 to August 31, 2015 – here is a summary of the real estate activity for detached houses in Westlake:

  • There have been 28 houses in the Westlake neighborhood that have sold
  • Houses sold at 99.03% of the original list price
  • The average sq. ft. was 2820 sq. ft.
  • Average List Price was $674,723 and average sold price was $672,921
  • Houses took an average of 29 days to sell
  • Average sold sq. ft. $ amount was $239
  • The highest sold price was $885,000 and the lowest was $397,100 (detached houses only)
  • Average # of bedrooms sold was 4 (17-4 bedrooms, 9-3 bedrooms and 2-5 bedrooms)

Summary

To summarize, the Westlake area, on average is not selling over list price. Again, it depends as to what the price is and what the specific location of the Westlake home is, as there are many homes that are selling over list price in Westlake.

Source: RMLS™

Search For Real Estate

You can use this phone app to search for the home of your dreams – http://app.summarealty.com/SMAFZ

My new website is also available but it is still a work in progress – http://www.summabroker/bettyjung

Thinking of Selling Your Lake Oswego Home?

The real estate market is “hot” here in the Portland metro area and Lake Oswego. If you are thinking of buying or selling give me a call as I am ready to assist you with all your real estate needs!

Prices are increasing at a fast past in Lake Oswego. Interest rates are still low and there is a huge pool of buyer demand. If you want to know the value of your home in today’s real estate market, please call me at 503-804-9685.

MOVING TO Lake Oswego?

Want to know more about Lake Oswego, I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2015. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is in violation of federal copyright laws.

Lake Oswego Real Estate Search For Real Estate

When changing real estate companies, it takes time for things to fall into place and get set up.  However, now if you are searching for a new home my real estate app is finally up and running.Summa_REG_Logo

You can use this phone app to search for the home of your dreams – http://app.summarealty.com/SMAFZ

My new website is also available but it is still a work in progress – http://www.summabroker/bettyjung

Thinking of Selling Your Lake Oswego Home?

The real estate market is “hot” here in the Portland metro area and Lake Oswego. If you are thinking of buying or selling give me a call as I am ready to assist you with all your real estate needs!

Prices are increasing at a fast past in Lake Oswego. Interest rates are still low and there is a huge pool of buyer demand. If you want to know the value of your home in today’s real estate market, please call me at 503-804-9685.

MOVING TO Lake Oswego?

Want to know more about Lake Oswego, I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2015. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is in violation of federal copyright laws.

Lake Oswego Real Estate This Week Stats

Typically this time of year our Lake Oswego Real Estate market tends to slow down because many people are enjoying their last opportunity to go on vacation before school starts or getting ready for the start of school too.

Not all Portland real estate markets are “hot” and there are certain real estate markets that are taking longer to sell.  That is the case in Lake Oswego based on This Week Stats below and we are seeing more houses coming on the market for sale. However, it is still a seller’s market.

Lake Oswego Real Estate

Lake Oswego Real Estate This Week Stats/lakeoswegorealestateblog.wordpress.comLake Oswego Real Estate This Week Stats/lakeoswegorealestateblog.wordpress.comSource: Ticor Title and Altos Research

RMLS™ Stats For This Week – Showings

Showings of houses has also slowed slightly this week. Again, this seems to be just the seasonal trend. The good news is that prices continue to climb and the median list price in Lake Oswego was $849,500 this week. That however, was only a slight nudge upwards by $50,000 from last week’s stats.

Lake Oswego Real Estate This Week Stats/lakeoswegorealestateblog.wordpress.comSource:  RMLS

Thinking of Selling Your Lake Oswego Home?

The real estate market is “hot” here in the Portland metro area and Lake Oswego. If you are thinking of buying or selling give me a call as I am ready to assist you with all your real estate needs!

Prices are increasing at a fast pace in Lake Oswego. Interest rates are still low and there is a huge pool of buyer demand. If you want to know the value of your home in today’s real estate market, please call me at 503-804-9685.

MOVING TO Lake Oswego?

Want to know more about Lake Oswego, I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2015. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is a violation of federal copyright laws.

Lake Oswego Real Estate Cool PhotosBoating_On_Oswego_Lake

Are you a photographer – hobbyist, amateur or professional? Submit your cool photos to the annual Lake Oswego photo contest.

Lake Oswego’s 7th Annual City of Lake Oswego Photo Contest

The deadline to send in your best photos for a chance to win the contest is September 10 by 5 p.m. Winners will receive prizes in the different categories.

Categories

Here are the different categories:

Category 1: Life in Lake Oswego

Photos should reflect what you do or see everyday – photo examples include special events or community celebrations, sports, parades, people taking a walk, children playing, raking leaves, City crews at work, street scenes, having fun, or work.

Category 2: Places in Lake Oswego

Photo examples include Lake Oswego’s neighborhoods, shopping districts, streets, parks, trails and green spaces, businesses, etc.

Category 3: People of Lake Oswego

Photos should reflect the wide range and diversity of individuals and families, who live, work and play in Lake Oswego.

Category 4: Positive Aging in Lake Oswego 

Photos should depict people 50 and older. It should feature great aspects of aging in Lake Oswego; for example, someone hiking one of our trails, having a picnic with family in the park, shopping at the Farmers’ Market, painting, fishing, etc. Photographers can be of any age.

Category 5: Pets in Lake Oswego    

Photos should feature your pet enjoying life in Lake Oswego; for example playing at the dog park or city park, going for a walk along one of our pathways, enjoying the lake or river, etc.

Category 6: Youth (entrant/photographer must be under the age of 18)

Photos taken in Lake Oswego can reflect any subject matter the entrant would like to submit.

Vintage/Historic photos (photos taken prior to 1970) can be submitted for consideration in any of the above categories. These photos may be submitted as a print instead of digital or can be scanned and submitted digitally.

You can get more information here: http://www.ci.oswego.or.us/publicaffairs/photo-contest

Thinking of Selling Your Lake Oswego Home?

The real estate market is “hot” here in the Portland metro area and Lake Oswego. If you are thinking of buying or selling give me a call as I am ready to assist you with all your real estate needs!

Prices are increasing at a fast past in Lake Oswego. Interest rates are still low and there is a huge pool of buyer demand. If you want to know the value of your home in today’s real estate market, please call me at 503-804-9685.

MOVING TO Lake Oswego?

Want to know more about Lake Oswego, I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2015. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is in violation of federal copyright laws.

Lake Oswego Car And Boat ShowCar and Boat Show

It’s that time of year and our weather in Lake Oswego couldn’t be better!

Collector cars and vintage boats return Sunday August 23 from 10 a.m. to 3 p.m.

Where Are The Boats And Cars?

The unique cars and boats will be at George Rogers Park, Lakewood Bay and Foothills Park.  Not only will visitors be able to view classics, rods, sports and special interest cars and classic boats, and PT 658 is back too.

PT658 is the only fully operational WWII PT board in the world.  Additional military vehicles will also be featured at Foothills Park this year.  There will also be a water ski spectacular show on Lakewood Bay.

For more information visit the Oswego Heritage Council website at http://www.oswegoheritage.org or call 503-635-6373.

Thinking of Selling Your Lake Oswego Home?

The real estate market is “hot” here in the Portland metro area and Lake Oswego. If you are thinking of buying or selling give me a call as I am ready to assist you with all your real estate needs!

Prices are increasing at a fast past in Lake Oswego. Interest rates are still low and there is a huge pool of buyer demand. If you want to know the value of your home in today’s real estate market, please call me at 503-804-9685.

MOVING TO Lake Oswego?

Want to know more about Lake Oswego, I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2015. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is in violation of federal copyright laws.

Lake Oswego Real Estate How Is Your Lake Oswego Real Estate How Is Your Credit?Credit?

This morning I received an email from our Portland Metropolitan Realtors’ Association reminding us real estate agents how important it is to check our credit reports.

Many people are recovering from foreclosures, short sales, unemployment, etc. that want to purchase a home.  I thought now might be a good time to remind those of you who are coming back into the real estate market to check your credit reports too.

What you don’t know CAN hurt you

This is especially true when it comes to your credit report. In fact, the Consumer Financial Protection Bureau advises consumers to check their credit reports at least once a year.

You can receive free copies of your credit report every 12 months from AnnualCreditReport.com. This is the only authorized source under federal law that provides free credit reports from the three major national credit reporting companies: Equifax, Experian and TransUnion.

Learn more about the importance of credit report monitoring in this article:  Check your Credit Report.

Pre-Approval For A Loan

Before you get pre-aproved for a loan to purchase your Lake Oswego home, check your credit report to determine if there is anything you can do to improve your credit score.

Source: PMAR. Photo credit: Better Homes and Garden magazine.

Thinking of Selling Your Lake Oswego Home?

The real estate market is “hot” here in the Portland metro area and Lake Oswego. If you are thinking of buying or selling give me a call as I am ready to assist you with all your real estate needs!

Prices are increasing at a fast past in Lake Oswego. Interest rates are still low and there is a huge pool of buyer demand. If you want to know the value of your home in today’s real estate market, please call me at 503-804-9685.

MOVING TO Lake Oswego?

Want to know more about Lake Oswego, I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2015. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is in violation of federal copyright laws.

Oregon Financing Update September Rate Increase?

Just as we were enjoying another month of mixed economic news and the markets were “hoping” for a little reprieve from the Federal Reserve Board, one of the Fed Governors shocked the markets with this statement reported by the Wall Street Journal — “It will take a significant deterioration in the economic picture for me to be disinclined to move ahead,” Federal Reserve Bank of Atlanta President Dennis Lockhart said in an interview with the Journal. The Wall Street Journal article went on to report that Lockhart’s comments followed those of James Bullard, President of the St. Louis Fed — “we are in good shape” for a rate increase in September.

These comments by Fed officials shocked the markets somewhat because long-term rates had been falling in late July and early August. Upon release, rates reversed course. The good news is that more bad economic news overseas helped mitigate the increases rather quickly, but it just tells us how jumpy the markets are with regard to the threat of the Fed raising rates in September. As we have continuously pointed out, the greatest effect of the Fed raising rates is likely to be on shorter-term rates. These short-term rates also have risen in anticipation of the Fed making a move.

Meanwhile, there is plenty of time for intervening variables to change the equation. The recent devaluation of China’s currency may put pressure on the Fed because the strong U.S. Dollar continues to hurt our exports. There is one more jobs report to be released before the Fed meets in September, as well as a revision of the measure of economic growth for the second quarter. Many are expecting second quarter growth to be revised upwards.

While we progress toward September, we expect the markets to hang on every word uttered by a Fed official. This could cause increased volatility in all markets.

Matt Jolivette, CMC
Associated Mortgage Brokers
5441 SW Macadam Avenue
Suite 208
Portland, OR 97239
matt@associatedmortgage.com
503-221-0064
503-545-8843
http://www.mattjolivette.com

Thinking of Selling Your Lake Oswego Home?

The real estate market is “hot” here in the Portland metro area and Lake Oswego. If you are thinking of buying or selling give me a call as I am ready to assist you with all your real estate needs!

Prices are increasing at a fast past in Lake Oswego. Interest rates are still low and there is a huge pool of buyer demand. If you want to know the value of your home in today’s real estate market, please call me at 503-804-9685.

MOVING TO Lake Oswego?

Want to know more about Lake Oswego, I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2015. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is in violation of federal copyright laws.

Lake Oswego Real Estate This Week Stats

The median list price in Lake Oswego is $849,450. Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit. Currently prices seem to have plateaued across the board.  Inventory remains at an all time low as well as interest rates.

Even with this trend over the last few weeks, the market is still at a historic high for sellers, but due to low inventory still a tough time for buyers to find a home.

Lake Oswego Real Estate

Lake Oswego Real Estate Blog This Week Stats.lakeoswegorealestateblog.wordpress.com Lake Oswego Real Estate This Week Stats.lakeoswegorealestateblog.wordpress.com

Thinking of Selling Your Lake Oswego Home?

The real estate market is “hot” here in the Portland metro area and Lake Oswego. If you are thinking of buying or selling give me a call as I am ready to assist you with all your real estate needs!

Prices are increasing at a fast past in Lake Oswego. Interest rates are still low and there is a huge pool of buyer demand. If you want to know the value of your home in today’s real estate market, please call me at 503-804-9685.

MOVING TO Lake Oswego?

Want to know more about Lake Oswego, I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

Source: Ticor Title and Altos Research

ALL ABOUT…..Lake Oswego Real Estate © Copyright 2008-2015. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is in violation of federal copyright laws.

There Has Been A ChangeSumma_1I Have Moved!

It has been a while since I have posted anything here on my Lake Oswego Real Estate blog.  Like many of you, there have been a lot of changes I have been going through.  The latest happened this past Monday, July 20, when I left RE MAX equity group and started working at the Summa Real Estate Group Lake Oswego. Summa is an independent, locally-owned real estate company with 18 convenient offices throughout Oregon.

My new Summa office is just down the street from where I was previously located and it is next door to Kruse Village in Lake Oswego at 4949 Meadows Rd. #100, Lake Oswego.  All the rest of my contact information is the same: Cell: 503-804-9685 and my Email: bettyjung.rebroker@gmail.com.

I am so excited for this new adventure in my business career.  Many of the agents here in my Summa Office were in previous offices with me so it has been easy to settle in. It already feels like “home”.

Thinking of Selling Your Lake Oswego Home?

The real estate market is “hot” here in the Portland metro area and Lake Oswego.  If you are thinking of buying or selling give me a call as I am ready to assist you with all your real estate needs!

Prices are increasing at a fast past in Lake Oswego. Interest rates are still low and there is a huge pool of buyer demand. If you want to know the value of your home in today’s real estate market, please call me at 503-804-9685.

MOVING TO Lake Oswego?

Want to know more about Lake Oswego? I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

ALL ABOUT…..Lake Oswego Real Estate © Copyright 2008-2015. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is in violation of federal copyright laws.

Contact Betty Jung

Betty Jung, Broker
CRS, GRI, ABR, SRES, CNHSS

Summa Real Estate Group
4949 Meadows Rd. #100
Lake Oswego, Oregon 97035

503-804-9685 Cell

or email:bettyjung.rebroker (at) gmail.com

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