You are currently browsing the tag archive for the ‘Houses Of Lake Oswego’ tag.

Southwood Park Neighborhood Annexation Proposal

Some of you perhaps know that I have sold 54 houses plus 1 flag lot in the Southwood Park bettyjung.comneighborhood. I obviously have a keen interest in this area.

Currently Southwood Park, as it is known {also includes the legal description for Woodland Park and Pats Flats)  sits in an unincorporated area of Clackamas County, has a Portland 97219 mailing address, and enjoys Lake Oswego schools.

Southwood Park has 301 parcels and sits on approximately 7.52 acres of land.

The City of Lake Oswego has for years maintained and owned the neighborhood park at the end of 63rd Avenue/63rd Place aka Southwood Park.  There is also a pathway in the park that leads down to Westlake/Kruse Way neighborhoods, restaurants and retail areas.  It is an easy walk over to Westlake Park and Oak Creek Elementary School as well.  Further, prime access to I-5 and 217 make it an extremely popular neighborhood.

For many years both the cities of Portland and Lake Oswego have wanted to incorporate this neighborhood into their respective city.  During the recession, both gave up the hope of that happening as neither had enough money to make it become a reality.bettyjung.com

However, now, the City of Lake Oswego is taking a stance to bring that unincorporated neighborhood under the umbrella of Lake Oswego.  The owners of these properties will have a vote to decide that outcome.

City Of Lake Oswego Annexation Proposal

If you are curious about this proposed annexation, you can read about it more here: https://www.ci.oswego.or.us/planning/18-0020-southwood-park-area-voter-annexation

Upcoming Community Meeting

There will be a City Council meeting on June 4 to discuss this and a proposed vote.  I will be at that meeting especially since I work in that neighborhood extensively.

Any questions, please give me a shout.  Want to know more about this neighborhood?  I can help.

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.  Or check out my 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.

Advertisements

Once again in our Portland metro real estate market, we are finding ourselves in yet another sellers’ market.  If you are still on the fence about selling your home, now is still a good time.  Prices are still increasing and in fact have increased by 3.6%.

Granted the appreciation level has slowed down.  Lake Oswego saw only 2.8% price appreciation within the last 12 months and pending sales in Lake Oswego/West Linn are down by -15.6% ytd. All in all, still a good time to buy and still a good time to sell. If you are waiting to do either, don’t wait too long!bettyjung.com

However, some agents are sweating low appraisals on listings and are receiving them, but there are still multiple offers in some areas and in certain price ranges.  Right now houses under $500,000 seem to be “hot”.  Investors buying multi-family properties are also facing multiple offers and well over list price offers are being accepted.

While listings are increasing, we still are not at a normal real estate market.  5-6 months of inventory is needed to be at what is considered “normal”.  Lake Oswego/West Linn currently has 2.9 months of inventory, a higher level than the Portland metro area at 2.2 months, but well below a normal market too. Again, if inventory of houses for sale does not increase, prices will continue to increase too as we have seen; albeit, not at a high level of appreciation as in the past however.  But summer is coming, and while most think that is a busy time, it is not.  There are weddings, graduations, vacations, etc etc which does slow down the market specifically in June. So if you are a buyer, June might reward you with making a good purchase.

bettyjung.com

April Residential Highlights

The Portland metro area saw mostly gains this April, with new listings leading the way.

There were 4,210 new listings, a 5.5% increase over April 2018 (3,990) and a 20.1% increase over the 3,504 offered last month in March 2019. This was the strongest April for new listings in the area since 2010, when 4,713 were offered.

Pending Sales

Pending sales, at 3,102 in April, increased 3.1% over April 2018 (3,008) and 13.3% over March 201 (2,738).

Closed Sales

There were 2,409 closings in the region in April, a 10.4% increase over March 2019 (2,183) but a decrease of 4.5% from the 2,523 closings recorded last year in April 2018.

Days On The Market

Total market time decreased in April to 53 days, with inventory holding steady at 2.2 months. There were 5,400 active residential listings in the Portland metro area in April.

Average And Median Sale Prices

Comparing 2019 to 2018 through April, the average sale price has increased 0.3% from $444,600 to
$445,900. In the same comparison, the median sale price has increased 1.2% from $395,000 to $399,600.

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.  Or check out my 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.

It has been some time since I have posted “This Week Stats”.  For previous posts, you can view them here.

Here are the stats for Lake Oswego Zip Code 97035.  If you are interested in another zip code, neighborhood or area, please let me know and I would be happy to provide you that information.

Lake Oswego This Week Stats Zip Code 97035

bettyjung.com bettyjung.com bettyjung.com

Summary:

It is still a sellers’ market throughout Lake Oswego but days on the market have increased.  The higher the price, the longer the market time.

The median list price is at $799,950 and 39% of those properties currently on the market have had a price reduction.  In addition, 18% of those that were on the market relisted their homes when it did not sell.

By the way, the most expensive home currently on the market in zip code 97035 is $5,495,000.  If you want to view it, give me a call.

Source: First American Title Company and Altos Research

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.  Or check out my 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.

Lake Oswego Real Estate RMLS™ Market Action Report March 2019

“Yes Virginia” there is a sellers’ market in the Portland metro area.  And, we have had a sellers’ market going back several years now. Here is what happened in our Portland metro real estate market from our RMLS™ ending the first quarter of 2019!

March Residential Highlights

March brought some gains to the Portland metro area, but all measures were cooler than last year in March 2018.

Listings

There were 3,504 new listings, a 43.4% increase over February 2019 (2,444) but new listings fell 3.9% short of the 3,648 new listings offered last year in March 2018.

Pending Sales

Pending sales (2,738) ended 5.4% below the 2,894 offers accepted last year in March 2018 but rose 24.0% over the 2,208 offers accepted last month in February 2019.

Closed Sales

Closed sales, at 2,183 in March, fared similarly, ending 7.9% below the 2,371 closings recorded in March
2018 but rising 26.5% from last month in February 2019 when 1,726 closings were recorded.

Inventory of Houses for Salebettyjung.com

Inventory decreased to 2.2 months in March, with total market time decreasing to 68 days. There were 4,808 active residential listings on the market in the Portland metro area this March.

Average and Median Sale Prices

Comparing the average price of homes sold in the twelve months ending March 31st of this year ($452,700) with the average price of homes in the twelve months ending March 2018 ($434,800) shows an increase of 4.1%. In the same comparison, the median has increased 3.9% from $385,000 to
$400,000.

Lake Oswego Real Estate Market

Our Lake Oswego Real Estate market had low appreciation this quarter and only increased slightly. The average price % change for Lake Oswego/West Linn was only 2.2%. There were other areas in our local Portland real estate market that saw similar appreciation rates and even lower, and one area in particular, had no appreciation during this First Quarter 2019.

I will write a different blog post just about the appreciation rates for our Portland metro area, first quarter 2019, at another time soon.

However, things are certainly not negative as we are STILL seeing multiple offers, prices are still increasing, and we still have low interest rates. The multiple offers are not as wide-spread as in year’s past, but please buyers, get pre approved.  Know that you will be in competition with other offers and you really, really need to come up in price considerably if you want that property.

Get Pre-Approved

After all this time, I have written about it constantly, and you see it in the media, get pre approved!!  If you saw the property of your dreams today, you could not purchase it without being pre approved and having a pre approval letter in your hand BEFORE you make an offer.  As agents, we are not presenting offers if you do not have a pre approval letter.  Sellers don’t even want us to show their homes unless you are pre approved, and rightfully so.  We are very serious when we request you go through the pre approval process.

Lake Oswego Highlights

It took 94 days to sell a home during the First Quarter 2019 in West Linn/Lake Oswego.  Much higher than for the over-all Portland metro real estate market, which was 68 days.  The West Linn/Lake Oswego had more houses on the market for sale too and the inventory level was 3 months for the end of the first quarter.  Portland as noted above has 2.2 months’ inventory.

However, even at that level of inventory, the West Linn/Lake Oswego market is still also a sellers’ real estate market. When you look at the number of homes currently for sale in West Linn/Lake Oswego, there are only 326 active listings for sale, a relatively low number for both areas.

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.  Or check out my 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.

Lake Oswego Real Estate Refinancing Woes When Selling

There has been a trend in our Portland real estate market that as Real Estate Agents we have been seeing lately, but there has been little to no press covering this.  Will this trend continue?

Using All Your Equity When Refinancing

Lately we are seeing Sellers who have refinanced their homes in the past several years when the appreciation rate was at high percentages.  However, the market has slowed down.  Now many of those same homeowners are wanting to sell and they have little to no equity left in their homes due to refinancing.

Homeowners perhaps thought since the real estate market had been going up and up, it would continue to increase. They now have cashed out their equity and in many cases cannot afford to sell.

Some homeowners perhaps thought they would pull equity from their homes with the expectation that we would continue seeing increases at 9% a year forever.  They used their equity to pay off bills or buy things that had little to no value and definitely no return on their investment.

Interest Rates

Interest rates are still low.  If you are considering refinancing, consider your family’s long-range goals.  If you plan on staying in your home for a short time – under 3-5 years – it may not be the smartest choice to refinance. Courtesy Mike Popnoe, Sierra Pacific Mortgage

Many homeowners have gained considerable equity due to those higher appreciation rates but if you are wanting to move and purchase another home, you will need all that unearned equity you have gained.

Granted there are times you might really need to refinance – if you have a high interest rate loan and you want to reduce your payments.  Perhaps you want to buy investment properties or a vacation home where you want to retire.

Too many people are living paycheck to paycheck and may need to cash in some of their equity.  But if you plan to sell and move within the next few years, rethink tapping into your equity as it could hurt you when time to sell.

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.  Or check out my 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.

Time To Vote – Gallery Without Walls

One of the fun things about living in Lake Oswego is all the art work and sculptures that are displayed within Lake Oswego’s Gallery Without Walls in our town.  Every year, we who live here, get to vote on our favorite.

Gallery Without Walls

Your vote counts! Which on loan sculpture from the works pictured would you like to see become a permanent part of the City of Lake Oswego? This year’s winner will become part of the city of lake Oswego’s permanent art collection. The artist and sculpture will be honored at the Gallery Without Walls Celebration on September 14, 2019 at Sundeleaf Plaza.

This year’s nominees include:

Arts Council of Lake Oswego

#1 Pollinators by Greg Fields – made from glazed ceramic and steel. The sculpture is located at Windward at the corner of Evergreen and First Street.

#2 Guermo en Inverno by Jamie Burnes – fashioned from Cor-ten steel and locust wood. The sculpture is located on A Avenue between Fifth and Sixth Street.

#3 Observation Tower by Dale Reiger – made from Kiln-formed glass. The sculpture is located on the corner of B Avenue and Second Street.

#4 Know Time by Benjamin Mefford – constructed of basalt. The sculpture is located on A Avenue and Fourth Street.

#5 Frog on Fruit by Heather Söderberg-Greene – created from bronze. The sculpture is located on the corner of B Avenue and First Street.

Paper ballots can be found at the following locations: City Hall, Lake Oswego Public Library, the Arts Council of Lake Oswego, the Adult Community Center, LO Maintenance Center, Lake Oswego Chamber of Commerce, and New Seasons at Mountain Park.

Presented by the Arts Council of Lake Oswego in partnership with the City of Lake Oswego & Living Well in LO!

I have already voted have you?  DEADLINE FOR BALLOTS IS 5/19/19.  You can vote here

VOTERS MUST RESIDE OR WORK IN LAKE OSWEGO, OREGON. ONE VOTE PER PERSON!

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.  Or check out my 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

The latest stats were published yesterday from RMLS™ for February 2019.  We had some crazy weather this past month, and I don’t know how much that affected our Portland metro real estate market, but it usually does.

Instead of inventory increasing going into the busy Spring buying/selling real estate season, it is once again trending downward.  Inventory dropped, prices increased and days on the market is hovering around 75 days to sell a home.  The 75 days on the market is a clear sign that real estate continues its slow-down. Last year, the days on the market were 69 days as a comparison to this year.

Houses in some areas are still selling quickly and once again there are still multiple offers being seen.  This is not the trend throughout the entire Portland metro area, however. We are still in a sellers’ real estate market and nowhere near a balanced market, favoring both buyers and sellers.  If you are still waiting for a drop in prices, you may be waiting for quite a while, and they may never drop to levels where you hope they will.  Rates are historically low, and now is still a great time to purchase a home.

If you are wanting to sell, you most likely have seen a lot of equity in your home by now and this is a great opportunity for you to purchase a new home.

February Residential Highlights

Activity in Portland was mixed this February, but some gains were seen compared with last month.bettyjung.com

Closed Sales

Closed sales, at 1,726, rose 19.0% ahead of the 1,451 closings recorded last month in January 2019, but fell 4.4% short of the 1,806 closings recorded last year in February 2018.

Pending Sales

Pending sales (2,208) fared similarly, ending 5.5% under the 2,337 offers accepted in February 2018 but rising 8.0% over the 2,045 pending sales from January 2019.

New Listingsbettyjung.com

New listings, at 2,444, fell 3.4% short of February 2018 (2,530) and 19.8% short of January 2019 (3,048).
This was the coolest February for new listings in the Portland metro area since 2014, when 2,354 were put on the market.

Days on the Market

Total market time decreased by one day in February to end at 75 days. During the same period, inventory decreased to 2.7 months. There were 4,579 active residential listings in the Portland metro area
in February.

Average and Median Sale Pricesbettyjung.com

Comparing the average price of homes sold in the twelve months ending February 28th of this year ($452,100) with the average price of homes in the twelve months ending February 2018 ($432,200) shows an increase of 4.6%. In the same comparison, the median has increased 4.4% from $383,000 to
$400,000.

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.  Or check out my 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.

OREGON RENT CONTROL

The Oregon House has approved new eviction protections and a first-in-the-nation statewide rent control policy. The legislation will be signed by Oregon’s Gov. Kate Brown and takes effect within 5 days once the Governor signs.

With Brown’s signature, Oregon is the first state to enact a statewide rent control program. In other states with rent control policies, cities enact and administer local programs.

The bill caps annual rent increases to 7 percent plus inflation throughout the state. It exempts new construction for 15 years, and landlords would be free to raise rent without any cap if renters leave of their own accord. Subsidized rent would also be exempt.

Backers characterized the bill as unlike the rent control policies common in some of the nation’s most expensive housing markets and dimly viewed by many economists

Studies have found those policies can be effective in reducing displacement of current tenants but result in a reduction in rental housing units and higher rents for new renters.

Democratic leaders have described their bill as an anti-price gouging measure that offers landlords and developers much more flexibility than policies elsewhere.

“This is not the rent control of yesteryear,” said Rep. Mark Meek, D-Clackamas County. “It’s a smart, innovative hybrid.”

But opponents said it would slow investment in housing, adding to the rental shortage that’s contributed to rising rents in the first place.

“With the growing cost of our property taxes, insurance and maintenance, the incentive to add rentals will decrease,” said Rep. Jack Zika, R-Redmond. He suggested it’s likely the restrictions would increased once in place, and that prospect could further drive disinvestment. “Why would anyone invest in a state if the Legislature is prone to tighten restrictions?”

The vote was split mostly along party lines, with three Democrats breaking ranks to vote “no.”

The bill keeps in place the state’s ban on cities implementing their own more restrictive rent control policies, which was passed by the Legislature in 1982 in response to several local rent control pushes.

Senate Bill 608 also requires most landlords to cite a cause, such as failure to pay rent or other lease violation, when evicting renters after the first year of tenancy.

Some “landlord-based” for-cause evictions would be allowed, including the landlord moving in or a major renovation. In those cases, landlords would have to provide 90 days’ notice and pay one month’s rent to the tenant, though landlords with four or fewer units would be exempt from the payment.

In a hearing earlier this month, renters from across the state told lawmakers about how evictions and big rent hikes had affected them.

Tigard resident Gloria Pinzon told lawmakers that she was on track to buy a house when a rent increase followed months later by a no-cause eviction wiped out her savings.

“This happened to me about two months after I’d recently gotten employment after graduating from college,” Pinzon said. “If this had happened to me months before, I don’t know what would have happened to me and my family.”

Landlord groups had mixed views on the legislation, with some taking a neutral stance and others staunchly opposed.

But many landlords told lawmakers they felt unfairly targeted by the bill. They said the bill could drive Oregon landlords out of the business, worsening the housing shortage.

“We really do have a supply issue, and that can’t be ignored,” said Terry Luelling, a Bend rental owner. “Most of those laws are born right here in this building, in the overly restrictive land use.”

Other bills attempt to add to the supply of housing. They include policies that would allow more density in residential neighborhoods, as well as new funding for subsidized affordable housing and initiatives to speed such projects through their development approvals.

Here is the link to Senate Bill 608

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.

COFFEE MEET UP

COFFEE MEET UP CANCELLED DUE TO SNOW. To ensure everyone’s safety this meet up is CANCELLED. Both Castle and Creek Interior Design and I are available for individual meet ups. Text #5038049685 to set up an individual time at your convenience. Coffee Meet Ups are always held the last Wednesday of every month. Next meet up scheduled for Wednesday, March 27, 2019 at 6:30 p.m. Hope there is no snow then!

*************************************************

Tomorrow Wednesday 2/27/2019 6:30 p.m at Ava’s Roasteria–Kruse Village. 4847 Meadows Road, Lake Oswego. Join us for a Q & A on interior design, space planning & more plus any real estate questions you have. Sponsored by: Betty Jung, MORE Realty and Castle & Creek Interiors. Get a free cup of coffee or latte. See you there!

bettyjung.com

 

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.

RMLS™ MARKET ACTION REPORT JANUARY 2019

January Residential Highlights

New Listings

The Portland area saw an uptick of new listings to begin the year this January. There were 3,048 new listings, a 22.6% increase over January 2018 (2,486) and more than double the 1,255 new listings offered
last month in December 2018. The prior January that had more listings was in 2011, when 3,128 were
offered. There are reports indicating we have not had this many houses for sale in 7 years. Inventory is definitely creeping up, and Spring is just around the corner when Sellers really start putting their homes on the market for sale.bettyjung.com

Pending Sales

Pending sales, at 2,045, decreased 11.5% from January 2018 (2,311) but surged 27.9% ahead of the 1,599 offers that were accepted last month in December 2018..  Fewer and fewer multiple offers are being seen.  However, will Spring have a resurgence of those kind of offers.

Closed Sales

Closed sales, at 1,451, ended 10.9% cooler than last year in January 2018 (1,628) and 21.4% cooler than last month in December 2018 (1,846).

Inventory & Days On Market

Inventory rose to 3.3 months in January, with total market time rising to 76 days.  Days on the market has increased.  The days of hitting the market and selling instantly are over.  Hopefully, sellers are now in step with what is happening in our local real estate market in the Portland metro area.

Average and Median Sale Pricesbettyjung.com

Comparing the average price of homes sold in the twelve months ending January 31st of this year ($452,200) with the average price of homes in the twelve months ending January 2018 ($430,000)
shows an increase of 5.2%.

In the same comparison, the median has increased 5.3% from $380,000 to $400,000.

Lockbox Activity Decreases

I don’t normally post this statistic regarding lockbox activity – ie lockboxes that were opened for bettyjung.comshowings.  But, it indicates how weather affects selling real estate in the Pacific NW, particularly in the Portland metro area.  We had a false snowmageddon and I guess everyone decided to stay home and eat their kale (inside joke for Portlanders!).  They decided to stay home and not look at houses.  We get this stat weekly. This one covers February 4-10 and in fact, the following week was when we were expecting the worst of the snow.  Will post that stat next time to see if it was an even slower time.

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.

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!"

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 3,861 other followers

Archives

Visitors

  • 9,637 hits

Betty’s Copyright

(c) Betty Jung 2008-2019.

All photos and content are copyright protected and may not be reproduced in any form.

DMCA Copyright Logo

© ALL ABOUT.....Lake Oswego Real Estate.

All Rights Reserved.

Advertisements