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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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Lake Oswego Real Estate Riperian Rights And Oswego Lake Rights

It is going to be a very HOT next several days and through the weekend, hitting temperatures at or close to 100 degrees. You might be wishing you lived on a body of water, or close to water.https://lakeoswegorealestateblog.wordpress.com

Riperian Rights

Every real estate agent will tell you that all the questions on the real estate exam when they obtained their license have nothing to do with actually selling real estate. Most agents remember that 43,560 sq. ft. = an acre and not much else from their exam.

One of those topics I remember from licensing 40 years ago is riperian rights. In fact, riperian, or water rights, have been an issue I’ve had to deal with in many sales I’ve made along bodies of water or when houses sit next to water.

Just because you own property that abuts to water, is on water or close to water, you may not own the rights to actually ever use the water.

Do You Have Water Rights?

On one of our hot days recently, I visited with some clients to whom I sold a house along a creek a while back. We got to talking about their “riperian” rights. I’ve sold houses with riperian rights to other clients as well but this one was a little different.

During the course of the sale, my buyers went to the appropriate county and state offices to find out if they had riperian rights. They obtained their proper paperwork showing they indeed not only had water rights but they were allowed to fish and pump water from the creek and they owned to the middle of the creek. The property at one time had an older home and sat on a large tract of land. That large tract of land had water rights. However, that piece of property was subdivided into several other pieces and those other parcels did not receive any water rights. The water rights stayed with the original parcel and with the original owner.

Obtaining Necessary Permits

The State of Oregon Water Resources Board is the agency that enforces, permits and restricts water rights. Landowners with water flowing past, through, or under their property do not automatically have the right to use that water without a permit. And in fact, the owners of those smaller parcels are not only using water but are pumping water and fishing the creek illegally if they don’t have the required permits.

Oswego Lake

Oswego Lake in Lake Oswego is managed by the Lake Corporation.

The Lake Oswego Corporation (LOC) is an organization of lake residents that manages the 415-acre Oswego Lake and its lakefront properties. The LOC is responsible for safety, water quality, maintenance, boat and operator licensing, lakefront building permits, and special events. Oswego Lake is a private lake and just because you live in Lake Oswego, does not mean you have access to the Lake or the right to use it.

The Lake Corporation owns 20 lakeside properties, dedicated easements, that supply deeded lake access privileges to over 3,000 homeowners in the surrounding area. Each easement is governed by its own individual set of by-laws and has its own volunteer board of directors. Facilities and rate structures vary from easement to easement. Before purchasing a property in Lake Oswego, you should confirm whether your property is eligible and to find out which easement(s) you are entitled to join.

Also, when you purchase a Oswego lake front property, there is a one-time $5,000 Lake Corp transfer fee plus yearly Lake Corp fees.

Do You Have A Lake Easement?

Your property, even if not directly on Oswego Lake, may have a lake easement or in some cases, several easements.  Each easement is different and may include only a picnic site, access, swim, etc. easement.

I have recently heard that there have been several buyers who recently purchased Lake Oswego real estate thinking they had the right to use Oswego Lake when in fact they didn’t.  The main reason they purchased the property was to be able to put their boat on the lake. When purchasing Oswego Lake property, make sure you check to determine not only if you have the right to use the lake or if you have an easement, and the type of easement you can enjoy.

Current Easement Association Information

ALDER POINT CLUB
BLUE HERON EASEMENT
BRYANT PARK
FOREST HILLS EASEMENT
GOODIN EASEMENT
LAKEVIEW RECREATION
LAKEWOOD BAY COMMUNITY CLUB
LAKEWOOD YACHT CLUB
MAPLE CIRCLE EASEMENT
NORTH LAKE CLUB EASEMENT
OSWEGO LAKE VILLAS
OSWEGO SHORE ESTATES
PALISADES PARK
SOUTH SHORE GLEN
SOUTHVIEW CLUB
SPRINGBROOK EASEMENT
SUMMIT COURT EASEMENT
UPLANDS EASEMENT
VILLAGE ON THE LAKE
WOODSIDE CIRCLE

Oswego Lake Swim Parks

Lake Grove Swim Park

City of Lake Oswego Swim Park

Oswego Lake Properties For Sale

Looking to enjoy Oswego Lake?  Here are Lake Oswego properties that are on Oswego Lake (limited # of views).

Search For Real Estate

I have a new search site available to find Portland metro and all outlying properties for sale.  You can view RMLS™ information here. My website is also available.

Thinking of Selling Your Lake Oswego Home?

Prices are increasing at a fast pace in Lake Oswego. Interest rates 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.

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 1975 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 2008-2016. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is a violation of Federal copyright laws.

Westlake Monument

Lake Oswego Real Estate Westlake Stats 2015https://lakeoswegorealestateblog.wordpress.com/lakeoswegorealestatewestlakestats2015

It is that time of year once again when the real estate stats are available from the previous year.  Stay tuned as I will focus on a different neighborhood within Lake Oswego every week.

Here is the first in the series, i.e. for the Westlake neighborhood in Lake Oswego where I live and work.

Westlake Stats 2015

There were 43 residential, single family houses sold in all of Westlake in 2015.

  • Average Days on the Market = 36 days
  • Average Sq. Ft. Sold = 2919
  • Average Sq. Ft. $ = $231
  • Average Sold Price = $675,274
  • High Sale = $977,000
  • Low Sale = $212,000
  • % of Sold Price to Original List Price = 97.15%

Next week I will post the 2015 real estate stats for a different Lake Oswego neighborhood.

Search For Real Estate

I have a new search site available to find Portland metro and all outlying properties for sale.  You can view RMLS™ information here. My website is also available.

Thinking of Selling Your Lake Oswego Home?

Prices are increasing at a fast pace in Lake Oswego. Interest rates 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.

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 1975 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 2008-2016. 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 What Is Selling In Westlake Neighborhood

You have been hearing that the real estate market is “hot” and that houses are selling over list price.  That certainly is the case in many neighborhoods and at most price points, but not all.  However, inventory of homes for sale is still at an all time low in most areas.https://lakeoswegorealestateblog.wordpress.com/lake-oswego-real-estate-what-is-selling-in-the-westlake-neighborhood

What Is Selling In The Westlake Neighborhood?

I decided to see if that was the case in the Westlake Neighborhood of Lake Oswego – the neighborhood where I live and work.

For the first 8 months of the year — January 1 to August 31, 2015 – here is a summary of the real estate activity for detached houses in Westlake:

  • There have been 28 houses in the Westlake neighborhood that have sold
  • Houses sold at 99.03% of the original list price
  • The average sq. ft. was 2820 sq. ft.
  • Average List Price was $674,723 and average sold price was $672,921
  • Houses took an average of 29 days to sell
  • Average sold sq. ft. $ amount was $239
  • The highest sold price was $885,000 and the lowest was $397,100 (detached houses only)
  • Average # of bedrooms sold was 4 (17-4 bedrooms, 9-3 bedrooms and 2-5 bedrooms)

Summary

To summarize, the Westlake area, on average is not selling over list price. Again, it depends as to what the price is and what the specific location of the Westlake home is, as there are many homes that are selling over list price in Westlake.

Source: RMLS™

Search For Real Estate

I have a new search site available to find Portland metro and all outlying properties for sale.  You can view RMLS™ information here. My website is also available.

Thinking of Selling Your Lake Oswego Home?

Prices are increasing at a fast pace in Lake Oswego. Interest rates 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.

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 1975 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 2008-2016. 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 Westlake Real Estate Stats

Lake Oswego Real Estate Westlake Real Estate Stats.lakeoswegorealestateblog.wordpress.com

Westlake Park

As indicated in other posts, everything I had written prior to last year on all my blogs was lost due to being hacked. My blogs were hacked 5-6 times and each time I recreated all the blog posts by bringing them all back on line.  An extremely enormous task.

After this past experience of once again losing all my data, I decided to delete all my accounts and basically start over. This is the start of real estate stats with more to come.

Westlake August 2013 vs August 2014

Let’s start by comparing this past month with last year.

2014 August Westlake Neighborhood Real Estate Stats

  • # houses sold – 19
  • Average Days on the Market – 31
  • Average Sq. Ft. sold – 2812 sq. ft.
  • Average Sold Price – $539,305
  • Average Sq. Ft. $  – $192

2013 August Westlake Neighborhood Real Estate Stats

  • # houses sold – 12
  • Average Days on the Market – 37
  • Average Sq. Ft. sold – 3014 sq. ft.
  • Average Sold Price – $557,519
  • Average Sq. Ft. $ – $185

Summary

Number of sales increased in August 2014.  Price per sq. ft. sold also rose and number of days for a house to sell in Westlake dropped, taking less time than last year, to sell. There’s been a slow, steady improvement in our Westlake real estate market.

Want to Sell Your Westlake Home?

If you’re planning on selling, give me a call at 503-495-5220 or drop me an email bettyjung.rebroker (at) gmail.com

I am very familiar with my own neighborhood of Westlake in addition to being knowledgeable about Lake Oswego.  I have worked in Lake Oswego since 1975 and lived in Westlake since 1988.

Search For Real Estate

I have a new search site available to find Portland metro and all outlying properties for sale.  You can view RMLS™ information here. My website is also available.

Thinking of Selling Your Lake Oswego Home?

Prices are increasing at a fast pace in Lake Oswego. Interest rates 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.

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 1975 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 2008-2016. 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 Westlake Neighborhood

Having written over 1200 posts about Portland and Lake Oswego real estate, it occurred to me I have never written about my own neighborhood of Westlake where I not only live but work, and where my Summa Pacific Cascade office is also located in the Kruse Woods Corporate Park.Flower Basket

Westlake, Lake Oswego, OR 97035

Westlake sits at the northwest corner of Lake Oswego at the intersection of Kruse Way, I-5, Fosberg, Carman and Melrose. Westlake is part of the award-winning Lake Oswego School system. The entire neighborhood is serviced by Lake Oswego Junior High School and Lake Oswego Senior High.

When I moved here, there was a dead-end barrier at Highway 217 at I-5. Kruse Way didn’t exist. Tall evergreen trees surrounded the entire neighborhood and area and it was mostly farmland. You used to see “locals” search for those “mushrooms” in the fields as you drove by. Parkview Drive also had a barrier and didn’t continue to Carmen Drive as it does today nor did Westlake Park even exist.

Lake Oswego Real Estate Westlake Neighborhood.lakeoswegorealestateblog.wordpress.com

Where my house sits must also have been farmland once because because during the first few years after my house was built, I had 8-10 swallow nests under my roof eaves yearly and the barn swallows probably felt they were returning to their home. An airplane strip was once close-by and it no longer exists either.

Lake Oswego Real Estate Westlake Neighborhood.lakeoswegorealestateblog.wordpress.com

On my daily walks, I would always see Mr. Kruse on his tractor plowing his farm on the corner of Carman, Meadows and Kruse Way. I have written about him before in my Lake Oswego Living photo blog. He would always stop to give me a tomato or some flowers. His tractor was old and rusty and I would repeatedly ask him why he didn’t buy a new one. He told me not only was his tractor more reliable than many women he knew, but he said it was the developers of Westlake who had all the money and not him.

Westlake Neighborhood

Of course over time, everything changes. Westlake originally wasn’t as popular of an area as it is today. Its easy access just blocks to I-5 and Highway 217, the addition of corporate business parks such as Kruse Oaks Corporate Park and Centerpointe, Westlake’s mini-shopping complex, the many walking trails, green spaces, wetlands, proximity to Westlake Park, the schools and shopping, have all combined to make this a popular area.

  • Westlake Park has 12 acres of active park space, with three lighted baseball/softball fields with bleachers, two lighted soccer fields, lighted tennis courts, full court basketball, a covered playground area and a covered picnic area.
  • Summer concerts are held in Westlake Park during the month of August.
  • There are miles of walking paths and bike trails to enjoy.
  • In addition, there’s a small neighborhood complex of stores, offices and eateries within in Westlake neighborhood on Parkview Drive known as Westlake Village. All along Kruse Way and in Lake Grove there are many more eating establishments and retail stores with close proximity to the Centerpointe restaurants. Soon there will be another great complex currently being constructed on the corner of Highway 217, Meadows and Carman Drives where the Kruse Farm once was located.

Westlake And Easy Access

The other great thing about living in Westlake is its driving times. Nothing is far away and everything is close to Westlake such as downtown Portland,  the civic center of Lake Oswego, Bridgeport Village shopping and Washington Square shopping mall. Here are some of the driving times:

  • Portland City Center: 15 minutes
  • Ocean Beaches: 1.5 hours
  • Mt: Hood Skiing: 1.25 hours
  • River Sailing: 15 minutes
  • Portland Airport: 30 minutes

 

Thinking of Selling Your Lake Oswego Home?

Prices are increasing at a fast pace in Lake Oswego. Interest rates 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.

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 2008-2016. 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 Should Oswego Lake Stay Private Or Be Open To The Public

There’s a lot of talk in the City of Lake Oswego about its Comprehensive Plan.There are committees currently discussing how to proceed with the future development of the City of Lake Oswego. One thing that isn’t being discussed, is that perhaps Oswego Lake should be a public lake and not a private one as it is now.Lake Oswego Real Estate Should Oswego Lake Stay Private Or Be Open To The Public.lakeoswegorealestateblog.wordpress.comLake Oswego currently has a lot on its plate to consider.  I can only imagine the controversy and head-butting this will raise in the City of Lake Oswego.

There was a recent article in the Lake Oswego Review that has stirred up this debate and it already has a lot of comments against it being a public lake posted on the site.

Oswego Lake

As a Lake Oswego Real Estate agent, I find this topic interesting. The exclusivity of Oswego Lake has been enjoyed by those who have lake rights and has not been open to the public.  Many of those homes, I believe around 3,000 Lake Oswego houses, enjoy lake rights and have exclusive access to Oswego Lake.

Oswego Lake History

Oswego Lake is a private lake (an expansion of an earlier natural lake, named Waluga (wild swan) by Clackamas Indians managed by the Lake Oswego Corporation.  Houses with views of Oswego Lake and lake-shore property are very expensive. The lake is navigable, with a dock at the east end where boaters can disembark and walk to the nearby businesses. The main canal from the Tualatin River was dug in the early part of the century.

There’s an out-of-print book I refer to a lot on this blog about Lake Oswego. In the book, Oregon’s Iron Dream by Mary Goodall, it doesn’t sound as if the lake was always private.

She writes:

“When the properties around the lake shore were first put on the market, they were offered for the purpose of building summer cottages for weekend or summer vacation living.  It was not long before the public realized the beauty of the woodland setting and the lake as a place for swimming and boating“.

“Since that time, a strict program of guarding the lake for sanitation and general safety has evolved.  One of the wisest steps taken by those who promoted the property was the dedication of several easements on the lake shore where residents in a prescribed area not fronting directly on the water can enjoy its advantages”.

I don’t know if the public actually were able to access the lake or not in the past, but I am assuming if they found out about Oswego Lake, they wanted to enjoy it as well.

Oswego Lake As A Public Lake?

There was a recent Oregonian article by Todd Prager about Oswego Lake becoming accessible to the public. Reconnecting people with water for recreation has been identified as a public priority, yet Oswego Lake is not currently being considered by the city as a resource for meeting this need.

While the historical assumption has been that the lake is privately owned and access can be limited by a private corporation, the law appears to say otherwise.

The Oregon Department of State Lands, the entity with jurisdiction over water accessibility matters in Oregon, recently confirmed a 2005 State Attorney General opinion that “water in a river or lake belongs to the state of Oregon. For this reason, the public can use the surface of a river or lake for any legal purpose once they have gained lawful entry.

The city of Lake Oswego owns a significant amount of lakefront property and could provide this lawful access.

Oswego Lake Issues

There are other issues in regards to Oswego Lake that could or should be addressed:

Natural resources: Oswego Lake is arguably the city’s most precious natural resource, yet it is not currently recognized by the city as such. This is in stark contrast to the rest of the community where the city maps and tightly regulates trees, streams and other natural resources on private property.

Zoning: Oswego Lake currently has no zoning. This means that the city has no oversight whatsoever on development in the lake. Again, this is in stark contrast to the rest of the community where private development is tightly regulated by the city.

Is it right for some areas of our community to be free from city regulations while others have to abide by a strict set of rules? These and many other issues merit open community discussions before Lake Oswego’s roadmap for the future is complete.

Exclusivity Of Lake Front Homes

What do you think?  Should Oswego Lake be a public lake as the “law” apparently dictates?

Looking for a Lake Oswego lakefront home?  Give me a call at 503-804-9685 to start your search.

Search For Real Estate

I have a new search site available to find Portland metro and all outlying properties for sale.  You can view RMLS™ information here.

Thinking of Selling Your Lake Oswego Home?

Prices are increasing at a fast pace in Lake Oswego. Interest rates 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.

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 1975 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 2008-2016. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is a violation of Federal copyright laws.

Contact Betty Jung

Betty Jung, Broker
REALTOR®
CRS, GRI, ABR, SRES, CNHSS

Summa Pacific Cascade
4949 Meadows Rd. #100
Lake Oswego, Oregon 97035

Licensed in the State of Oregon

503-804-9685 Cell

or email:betty@bettyjung.com

"Selling Real Estate Since 1978. There Is No Substitute For Experience!"

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