Lake Oswego Real Estate Westlake Stats First 6 Months 2016 vs. 2017

It has been a while since I have broken down stats for specific neighborhoods.  Of course, since I live and work in Westlake my first post for this time period is for the Westlake neighborhood.

The stats below represent single family homes only in the Westlake neigborhood.  Westlake has some children going to two different elementary schools – Oak Creek and Lake Grove.

Below is a comparison of the first six months of 2016 vs. 2017.

Westlake 2016 vs. 2017 – January to June

Westlake Stats 2016

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Westlake Stats 2017

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SUMMARY

Comparing the first six months of 2016 vs. 2017, there were more houses sold in 2016 (69) than during the first six months of this year (66).  Our inventory has been extremely low and the inventory of homes for sale was only up slightly in 2017 – 1.6 months vs. 1.5 months in 2016.

Days on the market were also similar.  It took 64 days in the first 6 months of 2017 vs. 63 days in 2016.

However, it was a “hotter” market in 2016 as the final sales prices vs. orginal list price were 100% in the first six months of 2016; whereas, in 2017, buyers negotiated their final sales price to 96.11% of the original list price during this first six months.

Price per sq. ft. also has dropped in the first six months of 2017.  In 2016, price per sq. ft. was $270 while in 2017 thus far the price per sq. ft. is at $267.

Again, as I always say, stats vary street by street, and neighborhood by neighborhood.  Just because homes are selling quickly in one neighborhood within our Lake Oswego real estate market, does not always mean they are selling quickly in another neighborhood within Lake Oswego.

Stats For Your Neighborhood

If you want to know the specific stats your neighborhood, please give me a call at 503-804-9685.

Searching for Real Estate

My phone app http://app.summarealty.com/SMAFZ, has recently been updated.  If you are looking to purchase, this is a great way to search.  Or, if you want instant notifications from RMLS™, please let me know and I can arrange for you to receive alerts for listings as soon as they come on the market for sale.

Or go to my website http://bettyjung.com for additional information.

Thinking of Selling Your Lake Oswego Home?

Interest rates are still low and there is still a huge pool of buyer demand. Buyers are ready and willing to purchase your home. Call me at 503-804-9685 if you are thinking of making a move.

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.

Having worked in Lake Oswego as a Real Estate Broker since 1978 and lived in Lake Oswego since 1988, I know all the neighborhoods. 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 2008-2017. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is a violation of Federal copyright laws.

 

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