Copyright Betty JungThe year-end RMLS™ market stats were recently published. I published the first half of 2017 vs. 2016 stats and here are the second half of 2016 vs. 2017 for the Westlake neighborhood of Lake Oswego.

Stats July 1 to Dec 31, 2017 Westlake Neighborhood 

2017 Westlake Stats 2nd Half of 2017

 2016 Westlake Stats Second Half of 2016

Summary

Sales certainly did not slow down in the second half of 2017.  28 houses sold in the second half of 2017 compared to 15 in 2016, even though we saw low inventory in the Westlake neighborhood and Lake Oswego as a whole.

However, prices were negotiated in favor of the buyers in 2017 as was indicated in the first 6 months of 2017 as well.  Houses sold at 99.11% of the original list price vs. in 2016 they sold at 100% of the list price.

Days on the market however were longer in 2017 at 138 days to sell a home vs. 121 days in 2016.  Values continued to increase due to low inventory.  2016 saw average sq. ft. sold at $246 and in 2017 the average sq. ft. sold price was $273.

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 2008-2018. 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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It’s What’s Under The Hood That Matters

Recently a past client of mine made an offer on a home that was completely updated.  We knew this from what was stated in the RMLS™ listing and from looking at the house. This home had all the bells and whistles and shined with the latest decorating trends. I was a bit leery about the home’s condition because it was a “flip” and knew, as they say, ‘it’s what’s under the hood” that mattered a lot more than what we were able to see with our own eyes.https://lakeoswegorealestateblog.wordpress.com/

As I always do, regardless if the home is brand new, or looks like the home is in good condition, I recommend a full home inspection along with other inspections such as a tank scan, sewer scope, roof inspection, etc., etc.

Prepare for Home Inspection Surprises

My client proceeded to have all the necessary  home inspections and I have to say, even I was surprised with all the defects that were presented to us as a result of the inspection reports.

Oil Tanks, Sewer Blockages, Even a “Live” Animal Oy’vey

While home buyers are sometimes strapped, don’t have extra cash and are reluctant to spend money on a home they may or may not be buying, the cost of home inspections are minimal compared to keeping from making a huge financial mistake. It is the best insurance a buyer can have that the home being purchased is indeed in good condition.

During this particular transaction and as a result of the home inspections, the buyer was information of roofing issues, structural issues, electrical and plumbing repairs/improvements not up to code, siding and foundation sill rot, beams not anchored, lack of heat from vents, large foundation cracks, ceilings buckling, water pooling, to mention only a “few” of the issues.  On top of the updated “flip” deficiencies, there was an oil tank, a sewer blockage that extended the entire length of the front yard and to top it off a wild animal living and nesting in the crawl space.

Don’t Get Fooled By Shiny Objects

At first sight the house was perfect. It was exactly what my buyer was looking for in the location where he wanted. Looking at the house you would never have known there were so many problems.

During the height of our most recent “hot” housing market, buyers in many cases, especially in multiple offer situations, waived their right to have any kind of home inspection(s). I cringed when I heard that buyers were doing that, while I never recommended my clients go that route just to “win” a home.

Walking Away Vs. Negotiating Repairs

Problems with a home can derail a transaction causing buyers to “walk away”.  In this case my buyer did not continue with the purchase as the repairs were just too daunting. They did purchase another home that was “perfect” in the same area.

Buyers need to, however, understand the differences between health and safety issues, versus normal wear and tear. There are many options open to buyers when repairs are an issue. Many times sellers are willing to negotiate repairs as well. Buyers should be prepared for surprises and make a plan, with their Real Estate Broker’s help,  for those unpredictable repairs.

Inventory is tight in our Lake Oswego and Portland metro real estate market and a faulty home inspection doesn’t always have to result in not purchasing the home of your dreams. Sometimes it just takes talking through the inspection issues if the home meets all the other requirements you are looking for.

But, in any and all cases, please have those home inspections.

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 2008-2018. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is a violation of Federal copyright laws.

 

Yesterday I was asked by a client for the price appreciation in different areas of our Portland metro real estate market.  While I post that information here and in my Jung’s Journal (real estate newsletter), I thought I would update this blog with the latest stats available.  Again, year-end and December stats will not be published by RMLS™ until mid-January.

PRICE APPRECIATION PORTLAND METRO AREAS

As of our November RMLS™ stats, here is each area of our Portland real estate market with the year-to-date price appreciation rates:

  • North Portland – 5.8%
  • Northeast Portland – 8.3%
  • Southeast Portland – 8.3%
  • Gresham/Troutdale – 11.1%
  • Milwaukie/Clackamas – 9%
  • Oregon City/Canby – 7.7%
  • Lake Oswego/West Linn – 9.4%
  • West Portland – 4.3%
  • NW Washington County – 8.4%
  • Beaverton/Aloha – 9.6%
  • Tigard/Wilsonville – 6.9%
  • Hillsboro/Forest Grove – 11.4%
  • Mt. Hood – 18.6%
  • Columbia County – 12.7%
  • Yamhill County – 13.1%

Price Appreciation

Your street or your neighborhood may have different appreciation rates. These percentages are based on a lot of mostly general factors and may be different than what is pertinent for your home.

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 2008-2018. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is a violation of Federal copyright laws.

Quite a while ago I heard a speaker say it is always either a real estate market that favors sellers or a real estate market that favors buyers and there is no such thing as a “normal” real estate market. Markets either go up or down and rarely are there any balanced real estate markets (favoring both buyers and sellers).Copyright Betty Jung

Lake Oswego Real Estate Market

I have to agree somewhat as in the many years I have been selling Lake Oswego real estate now, each real estate market has been different.  And, there have only been a few times when I have seen where we have had a balanced real estate market.

What Is A Normal Lake Oswego Real Estate Market?

Can we say that the years during the height of the real estate boom we had a “normal” market?  Can we say that during the “great recession” that it was a normal real estate market”?  I don’t think so.

We sometimes say that a Lake Oswego real estate market is “balanced” when it has between 5-6 months (or under 7 months) of inventory, favoring both buyers and sellers. But most times, that balanced market is very short lived, because our Lake Oswego real estate market quickly turns toward favoring either only the buyers or only the sellers again.

A Look At Past Lake Oswego Real Estate Markets

What we do know is:

  • November 2017 — Lake Oswego had 3.4 months of inventory (compared to Portland which had 1.9) favoring sellers.
  • November 2010 — Lake Oswego had 12.9 months of inventory (compared to Portland which had 10.2) favoring buyers.
  • November 2007 — Lake Oswego had 8.7 months of inventory (compared to Portland which had 8.3) favoring buyers.
  • November 2000 – Lake Oswego had 8.6 months of inventory (compared to Portland which had 8.9) favoring buyers.

Lake Oswego sellers have been in their “happy place” for quite a while, but as inventory of houses increases, there will once again be a shift. However, we are still in a seller’s real estate market.

Will that happen in 2018? I personally think it will take all, if not most, of 2018 to get to where our Lake Oswego real estate will once again favor buyers, if at all.  But if you have been following this blog, you have seen that it is slowly, very slowly, creeping towards that direction.

We don’t have the year-end stats yet and how December looked in 2017.  Those RMLS™ stats will be published mid-January and I will post the 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 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.

Lake Oswego Real Estate Portland Energy Score

New Year – New Laws (Post updated 1/23/2018)

In my Fall 2017 real estate newsletter that I send to my clients, Jung’s Journal, I wrote about the new Portland Energy Score.

While it does not as yet affect Lake Oswego, if you own a single-family home, or townhouse as your primary resident or rental in Multnomah County (City of Portland city limits) this is something you should know about and you will need to comply with the new law. Other cities in Oregon (Hillsboro) are currently considering this new law too, however, as of this time, Lake Oswego is not one of them (but most likely Lake Oswego will at some point).  In addition, there are other cities such as Berkley, CA, Boulder, CO, Austin, TX. and others throughout the USA who also have this law.

Portland Energy Score

The State of Oregon passed a mandatory law that will affect all Portland property owners,

BEGINNING ON JANUARY 1, 2018, sellers of single-family homes (and townhouses) in Portland, Oregon are required to obtain and disclose a Home Energy Report estimating the energy-related use, associated costs, and cost-effective solutions to improve the home’s efficiency.

All homes advertised for sale starting on or after January 1st, 2018 will need to have a Home Energy Score.

What Is An Energy Score?

The energy score is based on the amount of energy the home uses and is not based on personal usage. How the score is determined will depend upon how efficient your furnace is for example, are there any air pockets in your home where heat can escape, are the vapor barriers of your windows cracked or damaged?

The seller is responsible for the cost of the inspection and not the buyer of your house. The report is good for 8 years unless you decide to complete any repairs listed in the report.  You can then and should have a new report filed,  If you sell your house 2 years after you complete any of these repairs, the report must be updated.

Sellers Are On The Hook

You can’t escape not having this report completed as you will be reprimanded.  If you don’t have the report done within the first 90 days of putting your home on the market for sale, you will be fined, then fined again 180 days after that etc. Energy reports for all houses, including yours, will not be posted on the Portland maps site.

Here is what the Home Energy Score rules say:

“Listed publicly for sale” or “publicly listed” means the act of listing the covered building for sale on the real estate market whether publicly by printed advertisement, internet posting, displayed sign, or through a private database intended for use by realtors or buyers with the purpose to identify and compare real properties for purchase.

Any home which is on the market through advertisement, internet posting or displayed sign anywhere where other people of any category (public, other realtors, etc.) might see it, in 2017, does not have to have a Home Energy Score on January 1st.

Important to keep in mind, however, if a home advertised in 2017, is taken off the market for a period of time and re-advertised in 2018, this will trigger the requirement for a Home Energy Score. It must remain continuously for sale/listed to NOT be subject to the ordinance.

JUNG’S JOURNAL

If you would like more detailed information regarding this new energy score and what you need to do to comply, I would be happy to send you my November 2017 newsletter explaining everything. Or, if you have a question, you can always call me at 503-804-9685. Or here is also an advisory document with even more information.

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 2008-2018. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is a violation of Federal copyright laws.

Lake Oswego Events January 2018Copyright Betty Jung

How many of you are still saying or writing 2017?  It is here – 2018.  Happy New Year! As I see more activities/events posted elsewhere, I will add them here.  Check back!

Month of January – Heal Month – Healthy Eating Active Living….Well in Lo! Look for the HEAL logo to support your local restaurants that offer healthy eating options.

Month of January and February – Food and coat collection drive.

January 5 – 5-7 p.m. – First Friday Art Opening. 510 Museum & ARTspac, 510 1st Street, Lake Oswego, OR 97034

January 5-6 – 9 a.m. to 4 p.m. – Boy Scouts from Troop 230 in LO will be at the Yakima building and George’s Rogers Park next weekend ( first weekend in January). They will recycle trees and wreaths. This is their annual and only fundraiser so donations are appreciated.

January 5-17 – Art Mart. Donate artwork to benefit LO’s art community. Accepted pieces include paintings, drawings, frames, sculptures, prints, ceramics, or mixed media works.  The Arts Council of Lake Oswego will accept most any artistic creation that is in good condition.  12/27-1/15 – Artwork Drop Off. 1/5-First Friday Opening. 1/13 – Last day for accepting donations.  Write off on your 2018 donations.

January 8 – 6:30 p.m. – 12th Annual LO Reads Kickoff & Book Giveaway. Lake Oswego Library – 706 Fourth Street, Lake Oswego. Good Morning, Midnight. Bring your Lake Oswego Library card to receive a free copy of Good Morning, Midnight, thanks to the Friends of the Library. The line starts forming early and books will be handed out until they are gone. Books will be handed out beginning at 6:30pm. Book related food like trail mix, Chai tea and caribou jerky while waiting in line. 

January 9 – 7-8 p.m. Lake Theater & Cafe, 106 North State Street, Lake Oswego, OR 97034 – Pints from the Past: World War II in Oregon. Speaker Charlie Presti will examine the impact the conflict had on the economy, demographics, society, gender, and race. Topics include the Kaiser Shipyards, Vanport, war-time initiatives, women in the workforce, population movements and diversification, and Japanese internment. The lecture will be accompanied by photographs from the Oregon Historical Society’s Digital Archives.

January 12 – Lake Oswego Hikers May-August Planning Meeting. 9-11 a.m. Santiam Room. Palisades. 1500 Greentree Rd., Lake Oswego.

January 16 – 7-8 p.m. – William Stafford Birthday Celebration. An Evening of Poetry. Lake Oswego Library is located at 706 Fourth Street, Lake Oswego. For more information, contact Alicia Yokoyama at 503-534-4228 or ayokoyama@ci.oswego.or.us.

More Activities In Lake Oswego

There are other activities and events at Lake Oswego Parks & RecreationLake Oswego Public Golf CourseLake Oswego Adult Community Center, Lakewood Center for the Arts,  Lake Oswego Calendar, and the City Library.

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 2008-2018. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is a violation of Federal copyright laws.

Wondering how to dispose or recycle your Christmas tree Lake Oswego?Copyright Betty Jung, MORE Realty, Inc.

A lot of it comes down to the preparation.  Most trees are recycled into wood chips or compost, so it’s important to remove all lights, tinsel, ornaments, nails, stands and other non-organic materials. Flocked trees may not be accepted at all locations and over-sized trees should be cut in half.  If in doubt, call ahead for additional information and fees.

Republic Services provides curbside tree recycling through your weekly yard debris collection service.  Trees must fit completely inside your green yard debris collection bin if using your regular weekly service, so you may need to cut them up. Customers with no yard waste service or with trees not able to fit in yard waste bins, can contact Republic Services at 503-636-3011 to schedule a pick-up for a fee.

Additional Tree and Wreath Recycling In Lake Oswego

Girl Scout Troop 12492 will collect trees beginning Friday, December 29 through Monday, January, Bring trees to the upper parking lot at George Rogers Park, 611 State Street, 9 am to 4 pm. $10 suggested donation.

Boy Scouts from Troop 230 in LO will be at the Yakima building and George’s Rogers Park next weekend ( first weekend in January). They will recycle trees and wreaths. This is their annual and only fundraiser so donations are appreciated. 9 am to 4 pm.

Troop 221 (based out of Mountain Park) can come to your house and pick up the tree for tree recycling or you can drop it off at Jackson Middle School. We request donations for the service. If interested, please go to our website for more details: www.bsatroop221.us.

In addition, local non-profit groups usually offer opportunities for pick-up/drop off options. Watch for announcements throughout the community.

Recycle your lights!

Have a few strands of holiday lights that aren’t working? Did you know you can recycle your lights? You can recycle your old holiday lights at Far West Fibers, 341 Foothills Road, Lake Oswego.

Happy New Year!

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 This Week Stats Part 2

As promised yesterday, I am posting This Week Stats Part 2 for Lake Oswego zip code 97034.

Zip code 97034 real estate, represents the higher price range in our Lake Oswego real estate market.  Houses in this zip are almost twice as much as the houses in 97035 and easily command a jumbo loan ti purchase your dream him in 97034,

Days on the market are longer and increasing, again most likely a seasonal stat.  I have heard it said if the high-end price range is selling, then all the prices are selling.  Likewise, if the high-end sits and doesn’t sell, the lower prices will also sit and not sell.  At the start of 2018, I will post all stats to see how all the price ranges fared in 2017.

Prices have leveled a bit in this zip code, but again we are still in a seller’s market and as soon as the holidays are over, even though there will be more inventory coming up for sale, prices will once again increase due to our inventory of houses to sell.

Last month in Lake Oswego, 48 new properties went on the market with a median price of $676,950.

There are currently 206 properties available in Lake Oswego with a median price of $844,450. These properties have been on the market for an average of 110 days.

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https://lakeoswegorealestateblog.wordpress.com/
https://lakeoswegorealestateblog.wordpress.com/

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.

Lake Oswego Real Estate This Week Stats Part 1

This week the stats are broken down by zip code. The source of these stats, Altos Research, has revised their reporting method. Therefore, the zip code for 97035 (north of Oswego Lake) are posted today, and I will post 97034 (south of Oswego Lake) tomorrow.

This is still a seller’s market with inventory leveling off for this time period, which is not unusual this time of year,  However, 49% of houses for sale in 97035, did have a price adjustment.  Also, days on the market for this zip is relatively higher taking 108 days on the market before selling. Prices continue to increase due to the shortage of inventory here locally.

As soon as the holidays are behind us, and we have nicer weather, real estate trends I believe will continue an uptick.

Lake Oswego Zip Code 97035



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 and sell your home in 2018.

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.

Lake Oswego Real Estate November 2017 RMLS™ Market Update

November Residential Highlights

The Portland metro area saw new listings make gains this November compared to November
2016.

NEW LISTINGShttps://lakeoswegorealestateblog.wordpress.com/

There were 2,416 new listings offered, a 16.2% increase from the2,080 new listings offered last year in November 2016, but a 19.0% decrease compared to last month in October 2017 (2,981).

PENDING SALES

Pending sales (2,371) similarly increased 4.6% compared to November 2016, but fell 12.3% short of the 2,705 offers accepted last month in October 2017.

CLOSED SALES

Closed sales, at 2,387, fell 1.9% short of the 2,434 closings recorded in November 2016 and 6.9% short
of the 2,565 closings recorded in October 2017.

INVENTORY OF HOUSES FOR SALE

November saw inventory tighten slightly to 1.9 months, with total market time increasing to 51 days.

YEAR TO DATE SUMMARY

Year to Date Summary Activity has been cooler so far in 2017 compared to 2016.

NEW LISTINGS AND PENDING SALES

New listings (39,103) are down 1.2%, closed sales (29,098) are down 3.0%, and pending sales (29,628) are down 6.2%.

AVERAGE AND MEDIAN SALES PRICES

Prices continue to rise in the Portland metro area. Comparing 2017 to 2016 through November, the average sale price rose 8.7% from $394,800 to $429,000. In the same comparison, the median sale price rose 9.5% from $347,000 to $379,900.

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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Contact Betty Jung

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

MORE Realty, Inc.
14945 SW Sequoia Parkway, #150
Portland, OR. 97224

503-804-9685 Cell

or email:betty@bettyjung.com

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

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