There is an understood economic theory that when the luxury home market slows down, eventually the mid to low-end local real estate market follows suit. Since I have not posted stats for the Lake Oswego Luxury real estate market for some time, I decided to do some checking as we are seeing a slow-down in some areas of our Portland metro real estate markets.

What I found, was 2018 has been a very robust high-end, luxury real estate market compared to last year.

The following stats are YTD comparing 2017 to 2018 for zip codes 97034, and 97035. These luxury home sale stats are from RMLS™:

YTD Stats Lake Oswego Real Estate Luxury Home Sales 2017 vs 2018

2017 Lake Oswego Real Estate Luxury Home Sales

Summary:

# of Houses Sold = 66
Average Days on the Market = 120 days
Average Sq. Ft. Sold = 4207 sq. ft.
Average Sq. Ft. $ Amt. = $396*
% of Sales Price vs. Original List Price = 93.6%
High Sale = $6,300,000
Low Sale = $999,000

https://lakeoswegorealestateblog.wordpress.com/
2018 Lake Oswego Real Estate Luxury Home Sales

Summary:

# of Houses Sold = 88
Average # Days on the Market = 112
Average Sq. Ft. Sold = 4066 sq. ft.
Average Sq. Ft. $ Amt. = $375*
% of Sales Price vs Original List Price: 96.46%
High Sale = $5,950,000
Low Sale = $999,000

https://lakeoswegorealestateblog.wordpress.com/

*Note: The Average Sq. Ft. cost has decreased from 2017 to 2018.

Thinking of Selling Your Lake Oswego Home?

Prices are still increasing in Lake Oswego. Interest rates are also increasing but are still low and there is 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.

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.

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 a violation of Federal copyright laws.

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