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Lake Oswego Real Estate This Week Stats Single Family Luxury Homes

The other day I posted the RMLS™ Market Action Report for January 2017.  Currently, the total Lake Oswego Real Estate market has 2.9 months of inventory to sell, and year-to-date prices in Lake Oswego increased by 16.2%.

Lake Oswego Real Estate Stats Single Family Luxury Homes

This week’s stats below show the median list price was $936,500 with homes taking an average 146 days to sell.  Of the houses listed, 27% of those on the market had reductions in their sales price just this past week.

However, it is still a sellers real estate market here in Lake Oswego with only 2.9 months of inventory to sell.  In other words it would take 90 days if no other houses were listed, to sell all the current inventory.

$1 Million Dollar Houses in Lake Oswego

Single Family Luxury Homes in Lake Oswego

The luxury high-end market (over $600,000) currently has 106 houses for sale. Of those, 61 houses are priced over $1 million. Since January 1, 2017, there have been 30 high-end houses (over $1 million) that have sold.  Currently, there is a 2 month supply of houses for sale over that $1 million price.

The chart below shows that of all the houses this week for sale in Lake Oswego (zip codes 97034 and 97035),  50% of the houses currently for sale in Lake Oswego are over $1 million. As per the charts below,  3/4 of all Lake Oswego real estate market now consists of single-family luxury homes and homes under $600,000 only represent 1/4 of our Lake Oswego real estate market.  Affordability in Lake Oswego is becoming almost non-existent.

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SEARCH FOR REAL ESTATE

There are links above to search for real estate.  I have a new website where you can search or you can use my mobile phone app as well. My website and mobile app provide you with access to all listings available on the RMLS™ system regardless of who the listing agent or brokerage may be. Listings are updated frequently throughout the day giving you the information you need, when you need it.

Thinking of Selling Your Lake Oswego Home?

Prices are increasing at a fast pace in Lake Oswego. Interest rates are still low but are increasing, and there is still a huge pool of buyer demand. I have ready, willing and able buyers ready to purchase your home. 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.

I have worked in Lake Oswego as a Real Estate Broker since 1978 and have lived in Lake Oswego since 1988 and know all the neighborhoods! The real estate market is “hot” here in the Portland metro area and Lake Oswego. I am ready to assist you with all your real estate needs! “There is no substitute for experience.”

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2018. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is in violation of federal copyright laws.

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