Lake Oswego Waterfront Real Estate Market Update

Lake Oswego Waterfront Homes MARCH 2014 REPORTlake oswego waterfront homes for sale

Oswego Lake Waterfront Property update: Lake Oswego Real Estate activity is increasing as the winter freeze wears off and buyers look around at 2014 market conditions. We certainly had more snow here at the lake then last year and the most snowfall over Christmas in a decade. Lake Oswego Lakefront property is almost always the most desirable, unless one is afraid of water or increased taxes, and the sale prices certainly reflect the appeal of living on or near Oswego Lake.

Here are details on Lake Oswego waterfront HOMES SOLD in the last  month (last 30 days).

4153 Westbay Road SOLD for $1,240,000 just $109,000 less then asking.

112 Northshore Circle SOLD for $1,475,000 only $75,000 below original list price!

1100 Northshore Road SOLD for $2,550,000 just $100,000 less then asking.

All of these Lake Oswego waterfront properties are wonderful and certainly a sound investment. The median Sold price is $1,475,000…not too shabby. This works out to be an average price per square foot to be $430. The homes are predicted to appreciate at around 4.8% annually and that’s relatively conservative. The numbers look good! There are 21 active Lake Oswego waterfront listings currently on the multiple listing service and 9 Lake Oswego waterfront properties for sale are pending.

This data is compiled from the RMLS and includes only Lake Oswego waterfront homes that are lakefront. 

Size of the waterfront homes currently listed FOR SALE is luxurious and large. Most have relaxing outdoor living spaces that make great use of patio space. Some Lake Oswego homes have outdoor fire pits. Why end the evening with smoars when you can start with pizza. Many landscapes have fireplaces with BBQ’s built into them. I would certainly work in an outdoor pizza oven. Homeowners can get plenty of exercise at the house with the average square footage of these fancy homes a spacious 4,856 feet.

Let’s move out of hibernation and into the great outdoors! Let us know if we can help. 503-899-2968 LO@CooperJacobs.com

Lakewood Neighborhood In LO Real Estate Market Update

Lakwood waterfront homesLakewood is one of our favorite neighborhoods in Lake Oswego, Oregon.

It is a lovely waterfront neighborhood that basically surrounds Lakewood Bay.   Lakewood Bay is the smaller Bay adjacent to Downtown Lake Oswego and the neighborhood of Lakewood hugs its shores.  There is a canal to the main lake from Lakewood Bay which is quite charming to go through by boat.  The majority of the neighborhood is a peninsula and the homes are character of the streets is just charming. South of Lakewood is the Eastern portion of Oswego Lake where the Lake Corp is situated.

While looking for Lakewood homes for sale, you will find many gorgeous view homes, Lake Oswego luxury homes, and Lake Oswego waterfront homes in addition to non-waterfront homes.  This is because the neighborhood is comprised of much waterfront and within Lakewood is Half Moon Bay (part of “The Peninsula”) and parts of the North Shore. Each of these individual sections of Lakewood offer unique characteristics.  You get South facing, North facing, West facing, and East facing waterfront homes in this neighborhood.  Lakewood waterfront homes come are located in three separate sections of Oswego Lake, too!    Where else can you find so much variety in one neighborhood?

According to the Lake Oswego Preservation Society (web clipping to the right of their site)

1925 advertisement declared “Of all Lake Oswego’s districts Lakewood is the most accessible –the nearest—possessed of modern advantages.  There is no more beautiful spot anywhere.” 

Lakewood Real Estate Market Update:

1925 Lakewood  Beside the Lake  Beneath the Trees

Homes in this Lake Oswego neighborhood are coveted and as a result there have not been a lot of Lakewood homes for sale for the past 12 months. In looking through the RMLS, for residential detached homes marked in the Lakewood neighborhood, there have been even less, but drawing a precise shape around the official neighborhood boundaries, there are additional properties to include in our market numbers.  Lakewood waterfront homes and homes in the peninsula portion of the neighborhood are highly sought after, but all homes in this neighborhood tend to be desirable.

There are only three single family Lakewood homes for sale currently.  These are located on Middlecrest Rd, Ridgeway Rd, and Lakeshore Rd, and range in list price from $629,900 to $2,295,000.  The average dollar per square foot on these is $482.  The median days on market is 144 days and the median price is $895,000.

In the last 12 months, 11 Lakewood homes have sold – again single family homes.  No condos in these numbers. These Lakewood homes have a median list price of $625,000 and a median sold price of $580,000.  The average dollar per square foot based on their final sales prices was $313 and there was a median days on market of 85 days.

If you are interested in exploring Lake Oswego’s Lakewood neighborhood, please let me know.  I am happy to show you my favorite Lakewood homes for sale and also happy to tell you about the neighborhood or other Lake Oswego neighborhoods.