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This morning the December 2018 RMLS™ Market Action report was issued which reflects year-end stats.  In the coming days, I will break down those stats focusing on the different schools and neighborhoods within Lake Oswego and posts for the Portland metro area neighborhoods as well.

Year-End Stats 2018

The report shows a cooling in 2018 which actually started early in the year, and as I have been reporting here on my blog for many months now.  This is not a bad thing, as I have previously stated.  Our wild and crazy real estate market of the past several years could not continue and a cool-down has been welcomed.

Prices are still increasing, albeit not as quickly, because we are still in a sellers’ real estate market in the Portland metro area ending the year with 2.5 months of inventory. A “normal” market has 5-6 months of houses for sale, or under 7 months as per the National Association of REALTORS® (NAR)®.  Others in the real estate industry feel after 3 months’ inventory it becomes a normal market.  However, in either case, we are still a long way from a normal market let alone a buyers’ real estate market.

December Residential Highlights

December brought cooling across the board to the Portland metro area.

Pending Sales

Pending sales, at 1,599, fell 9.0% short of the 1,757 offers accepted last year in December 2017 and 16.0% short of the 1,904 offers accepted last month in November 2018.

Closed Sales

Closed sales (1,846) fared similarly, ending 21.4% lower than in December 2017 (2,350) and 13.9%
lower than in November 2018 (2,144). This is the coolest December for closings in Portland metro since
2013, when 1,821 were recorded.

New Listings

New listings, at 1,255, cooled 22.4% from December 2017 (1,617) and 45.7% from November 2018 (2,310).

Days On The Marketbettyjung.com

Total market time rose to 64 days in December, with inventory decreasing slightly to land at 2.5 months.

Year to Date Summary

Activity in 2018 was mixed compared to 2017. New listings (41,287) increased 1.2%. Pending sales (29,809) decreased 4.9% and closed sales (29,771) decreased 5.9%
this year.

Average and Median Sale Prices

Comparing 2018 to 2017 through December, the average sale price rose 5.5% from $428,700 to $452,400. In the same comparison, the median sale price rose 5.3% from $379,900 to $400,000.

Selling Your Home In 2019

Sellers need at this point to re-educate themselves as to the market conditions since they may be used to houses selling instantly.  Now, with 64 days’ market time, and a slower market, sellers will need to adjust their expectations.  It still comes down to price, condition and location.  Those tenents have not changed as long as I have been selling real estate, now going into my 41st year. Regardless of the market, good, or bad, it always comes down to those three. It used to also be dependent upon terms.  However, now with all the various financing programs, that no longer enters into the picture as often.

Recession?

I have written about this topic on several occasions and have also included a long article in my January 2019 real estate newsletter – Jung’s Journal.  Whether there is or isn’t another recession on the horizon, there are always reasons to buy and/or sell.  Having been through 6 or 7+ recessions now, I can guarantee you that houses still sell and buyers still purchase a home.

Apprecition

The areas that had the highest appreciation rate in 2018 were Yamhill County #1, Beaverton/Aloha #2 and Gresham/Troutdale #3. The over-all Portland metro area had a 5.6% appreciation rate.  I will break down the appreciation rates for all the areas in another post.

Thinking of Selling Your Lake Oswego Home?

Prices are still increasing in Lake Oswego. Interest rates are are still low and there is still buyer demand. 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! 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 2008-2019. 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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bettyjung.comI wrote a post regarding sold stats for Lake Oswego real estate zip codes 97034 and 97035 for February to July 2018.  Here is the link to that post. It is time to update that post now. 

Lake Oswego Real Estate Year-End Sold Stats

In the post referenced above, it showed there was a slow-down in our Lake Oswego real estate market starting in July 2018.  That actually continued throughout the balance of 2018 as noted below:

  • August 2018 – 74 houses sold = average sold price $934,038
  • September 2018 – 68 houses sold = average sold price $869,819
  • October 2018- 61 houses sold = average sold price $960,121
  • November 2018 – 39 houses sold = average sold price $871,622
  • December 2018 – 52 houses sold = average sold price $794,069

While sales did slow down in Lake Oswego, it is still a sellers’ market.  For those of you waiting for prices to drop, just know that as interest rates increase it will cost you more.  However, we started the New Year with interest rates decreasing.  It is a good time to buy.  As soon as it might become a buyer’s market, you may also see higher rates, so you really have gained nothing by waiting.

2019 LAKE OSWEGO REAL ESTATE STATS

As soon as our RMLS™ Market Action Update is issued for December 2018, I will be able to post year-end stats.  That should be most likely this next week.

If you are thinking of selling, now rather than later may be a good time to put your home on the market for sale.

Thinking of Selling Your Lake Oswego Home?

Prices are still increasing in Lake Oswego. Interest rates are are still low and there is still buyer demand. 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! 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 2008-2019. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is a violation of Federal copyright laws.

 

 

 

Our latest stats were posted during this past week and I, as always, seem to be late in posting them.

These stats are for November and represent the latest from RMLS™.  They are not the year-end stats.  Those will come out mid-January and will be interesting compared to other years.

You don’t have to be an economist to know that our Portland metro real estate markets started to slow down in June 2018. So many reports in the media seem to think this is a bad thing.  It is not.  Our crazy market over the last few years could not sustain itself and continue.bettyjung.com

We are heading to a more normal market, as I have been reporting for quite a while now.  Days on the market have increased, inventory has increased, and prices still continue to increase, although not at the rapid rate or at the double digits they had been.

We had snow over the beginning of 2018, and as you can see from the chart, we also had more inventory than usual in January 2018.

Buyers seem to be hanging tough and waiting for prices to drop.  I frankly don’t see that happening in the near future, although the days of houses selling before the ink is dry or sign gets in the yard, seem to be slowing; as well as multiple offers, although they are still happening in some areas.

Market Action Report November 2018 

November Residential Highlight

Portland saw some cooler activity this November.

New Listings

New listings, at 2,310, fell 4.4% short of the 2,416 new listings offered last year in
November 2017 and 25.5% short of the 3,100 new listings offered last month in October 2018.

Closed Sales

Closed sales (2,144) fared similarly, cooling 10.2% from November 2017 (2,387) and 12.1% from October 2018 (2,440).

Pending Sales

Pending sales (1,904) ended 19.7% under the 2,371 offers accepted last year in November 2017 and 23.3% under the 2,484 offers accepted last month in October 2018. The last November with fewer pending listings was in 2013, when 1,827 offers were accepted.

Days On The Market

Total market time rose to 57 days in November, with inventory increasing slightly to 2.8 months.

Year to Date Summary

Activity so far in 2018 is mixed compared to 2017. New listings (39,974) are up 2.2%. Pending sales (28,290) and closed sales (27,786) are down 4.5% for the year so far.

Average and Median Sale Prices

Comparing 2018 to 2017 through November of each year, the average sale price rose 5.6%from$429,000 to $453,100. In the same comparison, the median sale price rose 5.3% from $379,900 to $400,000.

Thinking of Selling Your Lake Oswego Home?

Now may be the best time to sell your home.  Don’t know how much equity you really have or what a price would be to sell your home?  I can help! Give me  a call. Your home may be worth more than you think. 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.

I have worked in Lake Oswego as a Real Estate Broker since 1978, have lived in Lake Oswego since 1988 and know all the neighborhoods! The real estate market is still strong 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 law.

This is the time of year I am always looking to donate and give to those in need just like many of you do.  However, the charities I am interested in are to benefit the homeless and our Veterans. Some of those organizations give very little of their total donations to the homeless, those who are hungry or need housing or clothes.  I am careful where and who I give to.

Recently, I donated my personal car.  I wanted to give it to the homeless, but their organization was headquartered in Spokane, WA. and my location was out of their service area.  Instead, I donated it to Vehicles for Veterans.

Lake Oswego Giving Opportunities

The City of Lake Oswego always has great giving opportunities to brighten the holidays for others.

Project Pillowcase

200 pillowcases were made by the City of Lake Oswego staff with donated fabric.  Now these pillowcases are available to be picked up by you to fill them with basic needs along with special gifts for homeless families, seniors, children and many teenagers.  Return those filled pillowcases to City Hall by Friday, December 14.  Hopefully, the pillowcases and the items that fill the pillowcases will bring comfort to those in need.

Oregon Food Pantries

There are 250,000 residents, and approximately 100,000 of children, that request emergency food each month.  You can make a difference with your food donation at City Hall, the main Fire Station, or the Lake Oswego Library throughout December.

Toy Drive

The Lake Oswego Fire Department and the Library are accepting new toys (with no gift wrapping) to bring holiday cheer to children in need.  Toys will be shared with families throughout the local area and distributed by Tualatin Valley Elks Lodge.  Please drop off toys by Decemeber 14 at the Lake Oswego Fire Department Main Stations (300 B Avenue) or the Lake Oswego Library (706 Fourth Street).

Lake Oswego Lions Club

Coats, blankets and gloves are being collected for Hope Sparrow Service to keep the chill away.  Hope Sparrow Services will distribute those items throughout the winter to families in need in our community, especially children. Drop off lightly used, clean items at the south entrance of City Hall, 380 A Avenue, through the end of January.

#Rockin’Socks

As of today, I am personally starting a sock drive.  It will continue throughout 2019 for the homeless.  My goal is 1,000 pairs of socks in 2019.  If you want me to pick up your donation, you can send me a text at 503.804.9685 and just say #rockinsocks and your address.  I will gladly come pick them up.

Return of the Coffee Meet Ups

Also, starting the last Wednesday in January 2019, I am returning with my coffee meetups.  I will be at Ava Roasteria

Ava Roasteria – LAKE OSWEGO

4847 Meadows Rd #147, Lake Oswego, OR 97035

the last Wednesday of every month from 6:30-7:30 pm.  If you have any real estate questions, or just want to meet to get to know one another, come join me the last Wednesday in January 30, 2019 for the return of my coffee meet ups and please bring bring socks – 1 pair or as many pairs as you can. I will also treat you to a cup of coffee or latte.

Thinking of Selling Your Lake Oswego Home?

Now may be the best time to sell your home.  Don’t know how much equity you really have or what a price would be to sell your home?  I can help! Give me  a call. Your home may be worth more than you think. 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.

I have worked in Lake Oswego as a Real Estate Broker since 1978, have lived in Lake Oswego since 1988 and know all the neighborhoods! The real estate market is still strong 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 law.

Lake Oswego, OR 97035

For Fri Nov 23 2018 

This week the median list price for Lake Oswego, OR 97035 is $727,000 with the market action index hovering around 33. This is less than last month’s market action index of 34. Inventory has held steady at or around 106.

Market Action Index

The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.

Slight Seller’s Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again

REAL MARKET PROFILE

Currently it is still a seller’s market in Lake Oswego’s zip code 97035.  However, it is edging towards a more normal real estate market.  Below you can see that days on the market are increasing and 59% of all the listings on the market had a price adjustment this past week.  The number of homes, listings currently for sale, is still low and holding steady, with not a lot of new inventory coming on the market  for sale. As long as we have low inventory, prices will continue to increase and it will remain a seller’s market.

Thinking of Selling Your Lake Oswego Home?

Now may be the best time to sell your home.  Don’t know how much equity you really have or what a price would be to sell your home?  I can help! Give me  a call. Your home may be worth more than you think. 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.

I have worked in Lake Oswego as a Real Estate Broker since 1978, have lived in Lake Oswego since 1988 and know all the neighborhoods! The real estate market is still strong 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 law.

As a REALTOR® and a paid subscriber to our local RMLS™, there is lots of information and many reports we have access to.  One is a daily Hot Sheet.

REAL ESTATE HOT SHEET

Every day in our RMLS™ we have access to up-to-the minute information on real estate in any of our local real estate markets.  As agents, we generally, set up our own hot sheet for those areas we are interested in receiving information about.

The minute something comes on the market as a “coming soon” listing, a new listing, price changes, a pending sale, a sold, a property that has come off the market (expired, cancelled or withdrawn), sold and not listed, we are notified almost instantly as to when that happens.

LAKE OSWEGO REAL ESTATE HOT SHEET

For example, here’s a recap of this week’s hot sheet for Lake Oswego Real Estate: Monday, November 12 to Friday, November 16, 2018:

Monday – 2 new listings, 3 price changes, 3 pending sales

Tuesday – 3 new listings, 5 pending sales, 1 expired off the market, 1 sold

Wednesday – 1 coming soon listing, 3 listings back on the market, 4 price changes, 3 pending sales, 1                            expired off the market, 4 sold

Thursday – 5 new listings, 1 back on the market, 3 price changes, 3 pending sales, 1 sold

Friday – 1 coming soon, 6 new listings, 3 price changes, 2 pending sales, 4 expired off the market, 2 sold

Who knows what the weekend will bring?

The hot sheet also gives me a clue about current trends.  Are we seeing a lot of price reductions?  Are a lot of houses coming off the market via either expired or cancelled listings?  The daily hot sheet gives me a daily look at where we are heading.  Looking at the daily Hot Sheet gives me an overall view of the current state of our market.

PROPERTY ALERTS

While the public does not have access to the above information, you can receive property alerts from me.  As soon as a new listing comes on the market for properties you are searching, or real estate activity in your neighborhood or street, or an area you are interested in, I can arrange for you to receive instant property alerts.

Just send me an email to betty@bettyjung(dot)com and I will be happy to arrange that you receive this information.

Thinking of Selling Your Lake Oswego Home?

Now may be the best time to sell your home.  Don’t know how much equity you really have or what a price would be to sell your home?  I can help! Give me  a call. Your home may be worth more than you think. 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.

I have worked in Lake Oswego as a Real Estate Broker since 1978, have lived in Lake Oswego since 1988 and know all the neighborhoods! The real estate market is still strong 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 law.

Lake Oswego Real Estate Coffee Meet Ups

Coffee meet ups are returning. This past January 2018, I started weekly coffee meet ups. They were put on hold during the Summer months.

They will continue once again in January 2019. However, this time with some changes and a twist.

Save January 9 on your calendar for now. Time and particulars will be coming soon. I will drop more hints next month along with all the details. Stay tuned!

bettyjung.com

Thinking of Selling Your Lake Oswego Home?

Now may be the best time to sell your home.  Don’t know how much equity you really have or what a price would be to sell your home?  I can help! Give me  a call. Your home may be worth more than you think. 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.

I have worked in Lake Oswego as a Real Estate Broker since 1978, have lived in Lake Oswego since 1988 and know all the neighborhoods! The real estate market is still strong 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 law.

bettyjung.comOur monthly RMLS™ Market Action report was issued with the latest stats for October 2018. We are still in a sellers’ real estate market in the Portland metro areas. We still have a very low inventory of houses for sale.

While many sellers are feeling a slow down, which is typical for this time of year, we are still in a market favoring sellers. Also, some sellers are getting anxious, but our Real Estate market is not “dead” as some have recently said to me.

Our real estate market locally is just edging towards a more normal time.  We had been facing a crazy and hot market with houses selling even before the ink dried on listing agreements and with multiple offers. That was not a normal market and it could not continue. There are lots of factors in play causing the slow down but like anything, in a blink of an eye, everything could change again.

I recently read that one economist said we most likely won’t even reach a “normal” real estate market (favoring both buyers and sellers) until mid-2019.  That will be a normal market and not a market favoring buyers. But, again, no one knows for sure.

As I have always said in this blog, I feel that as long as our inventory remains low, prices will continue to increase.

October Residential Highlights

Portland metro saw some mixed numbers this October, but new listings showed a gain compared with last year.

NEW LISTINGS

At 3,100, new listings rose 4.0% above the 2,981 new listings offered last year in October 2017, despite ending 14.0% under the 3,606 new listings offered last month in September 2018. This was the strongest October for new listings in the area since 2010 when 3,119 were offered.

CLOSED SALES

Closed sales (2,440) fell 4.9% short of October 2017 when 2,565 closings were recorded but improved 7.4% over last month in September 2018, when 2,272 closings were recorded.

PENDING SALES

Pending sales, at 2,484, fared similarly, decreasing 8.2% from October 2017 (2,705) but pushing 0.5% past the 2,471 offers accepted last month in September 2018.

INVENTORY

Inventory decreased to 2.7 months in October, with total market time creeping up to 53 days. There were 6,550 active residential listings in the Portland metro area this October.

Year to Date Summary

Activity so far in 2018 is mixed compared to 2017. New listings (37,620) are up 2.7%. Pending sales (26,484) are down 3.3% and closed sales (25,551) are down 3.8% for the year so far.

Average and Median Sale Prices

Comparing 2018 to 2017 through October of each year, the average sale price rose 5.6% from $429,400 to $453,600. In the same comparison, the median sale price rose 5.3% from $379,900 to $400,000.

LAKE OSWEGO REAL ESTATE MARKET STATS

Unfortunately, for our monthly stats, our RMLS™ Market Action Report does not break down the stats for Lake Oswego only.  West Linn is included in these numbers:

OCTOBER 2018

# Months Inventory – 3.7

Total Active Listings for the month – 454

New Listings This Month – 153

Closed Sales for the Month – 121

Days on the Market – 75 days

Average Sales Price – $714,500

YTD Price Change – +2.6%

# of Houses Coming Off the Market (Either Expired or Cancelled) – 102

Pending Sales for the month – 101

# of Pending Sales – -17.2%

SEPTEMBER 2018

# Months Inventory – 3.5

Total Active Listings for the month – 507

New Listings This Month – 183

Closed Sales for the Month – 141

Days on the Market – 61 days

Average Sales Price – $627,000

YTD Price Change – +3.4%

# of Houses Coming Off the Market (Either Expired or Cancelled) – 80

Pending Sales for the month – 122

# of Pending Sales – -9.6%

There were big changes just from September to October 2018 in the Lake Oswego/West Linn real estate markets.  You can definitely see the slow down although prices still increased.

All these statistics are in the rear view mirror, last month.  It is hard to predict the future, but going forward towards Winter and the Holidays, I am sure these stats will once again change significantly. If your property is still listed from the Summer months, and haven’t lowered your price, you are “behind” the market and not “ahead” of the market conditions.  You need to lower your price!

Thinking of Selling Your Lake Oswego Home?

Now may be the best time to sell your home.  Don’t know how much equity you really have or what a price would be to sell your home?  I can help! Give me  a call. Your home may be worth more than you think. 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.

I have worked in Lake Oswego as a Real Estate Broker since 1978, have lived in Lake Oswego since 1988 and know all the neighborhoods! The real estate market is still strong 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 law.

UPDATE!! Sale Pending. 29 days on the market.

NEW LAKE OSWEGO CONDO LISTING!!

Affordable entry into Lake Oswego Schools. Ground unit w/multi levels. 3 bedrooms, 2 1/2 baths.1351 sq. ft. 3rd bedroom has exit to patio overlooking green space. Complex also has its own community pool. Condo is close to bus-line, Westlake, Mt. Park Rec Center, Pool, Gym, Tennis, Sports Courts, Kids Center, Spa, Walking Trails, I-5 & 217, PCC, New Seasons, other shopping & coffee shops. No rental cap. Some recent updates. VA Approved complex.

Thinking of Selling Your Lake Oswego Home?

Now may be the best time to sell your home.  Don’t know how much equity you really have or what a price would be to sell your home?  I can help! Give me  a call. Your home may be worth more than you think. 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.

I have worked in Lake Oswego as a Real Estate Broker since 1978, have lived in Lake Oswego since 1988 and know all the neighborhoods! The real estate market is still strong 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 law.

Did you know as real estate agents within our MLS (RMLS™) we have access to a property’s listing and sale history.  Not only can we view how long a property has been on the market, how many times it has been on the market, how many price reductions occurred, and what a home eventually sold for and when.

WHAT IS CDOM?bettyjung.com

Cumulative Days On Market (CDOM) is calculated for listings in the same county that share tax IDs and have an off-market date and will appear in the listing’s history reports next to the DOM (days on the market) field.

When a property was listed, went off the market, was later relisted and went off the market again. The period of time after a property goes off market and is relisted is called the off-market gap. Anytime the off-market gap is less than 31 days, CDOM adds the number of days the first listing was on the market to the amount of time the second listing was on the market. However, the amount of time a property was in the off the market gap (not listed in RMLS™ under 31 days) will not be calculated into CDOM.

Even in today’s hot market; yes, we are still in a sellers’ real estate market in our metro Portland areas, it is still important to take a serious look at what price you will be asking for your home.

Over pricing is more damaging to a seller than under pricing. The total time a home has been on the market tends to stigmatize a property and price reductions give the impression a seller is becoming desperate, not reasonable.

HISTORY OF A LISTING

Looking at the history of a home while it was in the RMLS™ helps buyers determine what price they might want to offer a seller.  As sellers, you can see what your neighbor’s, or comparable homes’ histories have been, to help you with your pricing.

The home up the street may appear to have sold in the blink of an eye, yet looking at that home’s history in RMLS™ may tell you a completely different story.  The history of a listing can tell you a lot about a property and a seller.

Thinking of Selling Your Lake Oswego Home?

Now may be the best time to sell your home.  Don’t know how much equity you really have or what a price would be to sell your home?  I can help! Give me  a call. Your home may be worth more than you think. 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.

I have worked in Lake Oswego as a Real Estate Broker since 1978, have lived in Lake Oswego since 1988 and know all the neighborhoods! The real estate market is still strong 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 law.

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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