Lake Oswego Real Estate Days On The Market To Sell

No doubt you have heard our local real estate market is “hot” and there are some Lake Oswego homes that are getting sold within hours or just a few days.  There are areas, neighborhoods, and subdivisions where that is definitely happening especially due to the low inventory of houses for sale. However, on average, how long does it take to sell a house in Lake Oswego?

There are currently 24 recognized neighborhood associations within the City of Lake Oswego. Each neighborhood has a different number of days on the market to sell a home.

As an example, here is the average number of days on the market for only 4 of those recognized Lake Oswego neighborhoods:

  • 2016 stats – First Addition – 83 days on the market
  • 2016 stats – Westlake – 28 days on the market
  • 2016 stats – Palisades – 56 days on the market
  • 2016 stats – Evergreen – 46 days on the market

Lake Oswego Real Estate Market

As you can see from the above, the average number of days on the market to sell varies depending on the neighborhood. The “average” market time or “days on the market” for all of the Lake Oswego/West Linn area is currently 89 days based on our latest RMLS™ Market Update for March 2017.  Which Portland metro real estate market has the shortest time to sell? NW Washington County saw 36 days on the market.

Your Area’s Market Time To Sell

Your street, your neighborhood, your subdivision might have a different market time than the overall area in which you live. One neighborhood might be selling quickly in Lake Oswego while other neighborhoods might not be for many reasons i.e. location of schools, parks, near retail, transportation, etc.

What Is Considered Comparable?

An average home for your neighborhood might be a 3 bedroom, 2.5 bath house, 2 car garage with 2000 sq. ft. and all the houses are similar to yours. Your house then would be “average” for the neighborhood. But if you have a 2 bedroom, 1 bath, and a single car garage in that same neighborhood, your house could take longer to sell and isn’t considered average for your neighborhood. Likewise, if you back up to a busy street or commercial area and none of the other houses do, then again you’re not what is considered average and the time to sell your home would be different.

Although the above is a guide to what is happening in our Lake Oswego real estate market, it isn’t a definitive time-frame for when your house will sell. To get a complete picture for when your house would sell, I can prepare a market analysis for your home to show you what’s happening where you live.

 

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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