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. You can start your search here by address, area, neighborhood, MLS#, etc. for your new home.

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.

It’s Spring. Time to Replace Rain Gutters and DownspoutsIt's Spring.  Time to Replace Gutters and Downspouts.lakeoswegorealestateblog.wordpress.com

By: Pat Curry

Replace missing gutters and downspouts to prevent serious siding and foundation damage that may cost you $10,000 or more to repair.

Your home may be your castle, but if you’re missing downspouts and sections of gutter, you’ll certainly have a moat where daisies once flourished. Excess water near your foundation risks thousands of dollars in foundation repairs. The good news is that gutter or downspout replacement only requires about $15 worth of materials and three to four hours of your time.

Cost of Replacement Gutters and Downspouts

You’ll find aluminum and vinyl gutter components surprisingly affordable. Here’s what to look for:

  • Home centers sell 10-foot sections of gutter for less than $8.
  • A 10-foot downspout costs you less than $13.
  • Clip-up downspout extenders that snap out of the way when mowing cost about $8.
  • Gutter sealant runs about $7 for a 10-ounce tube.
  • Buy additional hangers and clips ($2) — the damage may have occurred because there weren’t enough of them in the first place.
  • In some cases, you’ll also need some end caps ($7 per set), joint connectors ($6), and a box of self-tapping screws ($6).

How to Replace Missing Gutters

More often than not, an entire 10-foot section of gutter will be damaged or missing. Use a hacksaw and tin snips to cut shorter lengths of replacement gutter.

  • Grab two ladders and enlist a helper.
  • Remove any old joint connectors and scrape any sealant or gunk off the existing gutter.
  • Do a test fit with new joint connectors.
  • Fill the ends of the new joint connectors with sealant before installing the gutter.
  • Loosen adjacent hangers if needed to add the replacement section.
  • Add hangers every 3 feet. Confirm that the gutter is pitched toward the downspout at a slope of 1/4-inch for every 10 feet.

How to Add a Downspout

  • Fit the new downspout up into the drop outlet (the piece at the end of gutter that feeds into the downspout). Notice that the drop outlet fits inside the downspout section to contain the flow and keep the jointing from leaking.
  • Fasten the joint with two self-tapping gutter screws. Add additional sections as needed.
  • Finish the downspout with an elbow positioned at least 6 inches above grade.
  • Attach the downspout extender (it should extend at least 5 feet into your yard).

Adding All-New Gutters and Downspouts

If there are lots of missing or damaged pieces, you may decide it is time for a whole new set of gutters. Most residential gutters are made of lightweight and durable aluminum. Vinyl, galvanized steel, and even copper also are options.

Aluminum gutters can range from about $4.50 to $9.50 per linear foot installed. On a 2,000-square-foot house with about 180 linear feet of gutters, that’s roughly $800 to $1,700.

Thinking of Selling Your Lake Oswego Home?

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 502-495-5220.

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. You can start your search here by address, area, neighborhood, MLS#, etc. for your new home.

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

After two weeks of improving rates, interest rate markets were hit hard Wednesday and Thursday.  This has puzzled many experts, who had expected rates to continue their improvement as investors pulled money from stocks and assumed safety moves to US Treasuries as Saudi Arabia began bombing Yemen.

The big question now, as has been for many months…when will the Federal Reserve move to increase interest rates?  Investors have been anticipating this since the Fed completed their Quantitative Easing program, which supported the interest rate markets by purchasing billions in Treasuries and Mortgage Backed Securities each month. Yet, Chairperson Janet Yellen has remained indecisive on this front, likely due to the fact that the real estate market has not taken off as hoped.  Real estate is a big driver of the overall economy and is very interest rate sensitive.

While single family home prices and rents have done very well, as investors have bought up rentals on a large scale, the overall market cannot gain consistent traction and new housing starts remain quite low.  So, markets will likely remain confused until the Fed gives a more solid indication of when it will start moving to increase rates.  This will mean increased volatility in the short term on the rate front.

Interest Rates As Of March 25, 2015

Oregon Financing Update.lakeoswegorealestateblog.wordpress.com

Thinking of Selling Your Lake Oswego Home?

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 502-495-5220.

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. You can start your search here by address, area, neighborhood, MLS#, etc. for your new home.

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 Luxury Home Sales $1 Million+

Existing-home sales mostly fell flat in January 2015, but a closer look at the data shows one segment of the market is seeing a lot of activity. McMansions – those traditionally large homes in the $750,000 to $1 million range – saw a sales growth rate of 13 percent in January, according to the National Association of REALTORS®. That is the fastest growth rate of any other home price range throughout the U.S.

Lake Oswego Luxury Home Sales 2014 vs. 2013

Here are two charts comparing Lake Oswego’s Luxury Home market for 2014 vs. 2013. I ran the stats for $999,000 to over $1 million+ for Lake Oswego’s two zip codes 97034 and 97035.

Did you know that 50% of all houses currently for sale in Lake Oswego are listed over $799,000?

2013 Lake Oswego Luxury Home Sales $999,000 to $1 Million+

Lake Oswego Luxury Home Sales $1 Million +/lakeoswegorealestateblog.wordpress.com

2014 Lake Oswego Luxury Home Sales $999,000 to $1 Million+

Lake Oswego Luxury Home Sales $1 Million +/lakeoswegorealestateblog.wordpress.com

SUMMARY:

Sold prices for the Lake Oswego luxury home market actually decreased from 2013 to 2014 by -1.6%. However, there were more homes that sold in 2014, 81 vs. 60 in 2013.  It also took homes in that Lake Oswego luxury price range to sell longer. 157 days in 2013 vs. 183 days in 2014.

There are currently 63 houses for sale in Lake Oswego from $999,000 to $6,950,000.

The 2015 volume of all residential home sales are 10% higher than 2014. However, inventory in 2015 is still low in Lake Oswego and it will be a supply-constrained market in many of our local neighborhoods. We have a long way to go before we can meet the demands of all the buyers wanting to purchase real estate in Lake Oswego in all price ranges.

Thinking of Selling Your Lake Oswego Home?

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 502-495-5220.

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. You can start your search here by address, area, neighborhood, MLS#, etc. for your new home.

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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