First Addition Real Estate Market Update in Lake Oswego

Lake Oswego Snow 2014All bundled up in this weather, I hope!  The city of Lake Oswego has actually done a great job keeping our roads passable and safe. I wanted to take a break and dive back into the First Addition Real Estate market now that 2014 is off to a good start. First Addition is one of the oldest neighborhoods in Lake Oswego, and it is filled with character!

If you are thinking about moving to Lake Oswego, then this is a great site to check out different Lake Oswego neighborhoods and learn about Lake Oswego living. If you want to talk to me about different Lake Oswego neighborhoods, schools, etc., I am free anytime and would look forward to making your relocation to Lake Oswego easier all around.  Now, Back to First Addition Homes for sale and real estate market info for the last month…..

First Addition Homes SOLD in last 30 days – just one in the RMLS. In the last 30 days, we have had one large First Addition home for sale close in escrow.   425 G Ave was listed for $1,400,000 and sold for full price on 2/5/2014 after being on the market for 91 days.  It is a Lake Oswego new construction home and has 3890 square Lake Oswego Snow 2014feet, four bedrooms, and 2 baths.  Obviously, the location of this First Addition home is a huge selling point. Proximity to all Downtown LO city amenities is always in demand.

There are 3 First Addition homes for sale that are currently pending in escrow as well as the one which has closed.  These range in list price from $889,000 to $1,250,000 with a median list price of $969,000.  They range in days on market from 0 to 189 days.

So, what is for sale in Lake Oswego’s First Addition neighborhood? There are 6 active First Addition listings in the RMLS currently – single family and labeled First Addition.  These First Addition homes for sale range in list price from $665,000 to $1,050,000 with a median list price of $996,750.  The average dollar per square foot is $253.  These have been on the market for a median days on market of 59 days with a range of 7 days to 208 days.  These homes are located in First Addition on streets such as D Ave, 4th St, 6th St, E Ave, 2nd St, Atwater Rd,  and 9th St.  Among these, you will find presales, new construction, and Lake Oswego properties for sale that don’t have signs out front.  Full details: First Addition Real Estate market 02092014 

No matter what Lake Oswego neighborhood you are interested in, Let us help you get started.  We just need some quick info to get you started:

First Addition Numbers Now That We Are In August..

Looking at the last 30 days of activity in Lake Oswego, Oregon’s First Addition neighborhood:First Addition neighborhood in Lake Oswego OR

Lake Oswego’s First Addition Real Estate is a hot commodity!  There are buyers looking actively in this neighborhood, so please let us know if you are even thinking about selling.  You might be surprised at how much your First Addition home is worth currently.  We recently sold a beautiful home on A Ave and are looking for inventory!

Here’s the scoop:

Active First Addition Neighborhood Homes Available

First Addition Homes For Sale In The RMLS which are active with no offers.  There are 9 First Addition homes available at the moment.  These range in price from $575,000 to $1,400,000 with a median list price of over a million dollars at $1,050,000. The median days on market for these homes is 21 days with a range of 5 days to 112 days and an average of 38 days on market. The average dollar per square foot of these First Addition listings is $271.  How big is your house? Wondering what updates you may or may not have to do to get it on the market in that dollar per square foot range? We can help and it won’t cost you anything for the information.

Pending First Addition Homes In The MLS 

These are the ones with the offers which have not closed yet… There are 7 First Addition homes for sale which are currently pending listings in the RMLS.  They range in list price from $360,000 to $1,195,000 with a median list price of $825,000 and an average dollar per square foot of $304. The median days on market for these is 42 days.

SOLD!  Here are the sold First Addition listings:

Lake Oswego Realtors

Only one actual First Addition HOUSE listing has sold in the MLS in the last 30 days.  There are 2 sales categorized in residential, but one is a subdivided lot 1/2 acre lot located at 425 G Ave which sold on 7/15/2013.  It was listed for $550,000 and also sold for $550,000.   The First Addition home which sold is located at 740 7th St and was listed for $995,000 on 6/20/2013.  It sold on 7/10/2013 for $995,000.

First Addition Buyers looking for an Agent:  As you can see from the numbers above, if you are looking at First Addition homes for sale, then there are not many First Addition listings out there and they sell fairly quickly. Terms are important.  Cash buyers are common. Competition is fierce.  You need to only talk to Lake Oswego Realtors who are willing to really structure your offer to stand out. If you are thinking about moving to Lake Oswego and wondering if your relocation should include First Addition, we are happy to talk you through some of the neighborhoods in the city.

First Addition Home SOLD By Cooper Jacobs Real Estate

IMG_5978First Addition Home Sold!

923 A Ave

Lake Oswego, OR 97034

$715,500

This one was not in the RMLS so I thought I better get it on the books if you are keeping an eye on the First Addition real estate market in Lake Oswego. On July 3rd, Cooper Jacobs Real Estate sold an amazing recently built home located at 923 A Ave in Lake Oswego’s beautiful First Edition neighborhood.

  • 3 bedrooms
  • 3.1 baths
  • 2289 square feet
  • Built in 2005
  • High end fixtures and finishes
  • covered front porch
  • patio
  • 2 car garage
  • A/C

This First Addition home is a lovely three bedroom home with a great bonus/den upstairs and views of the heart of Lake Oswego.  The fixtures are exquisite and each room was put together with an attention to detail that you only see from time to time in this business. It is just a few blocks from all that makes Downtown LO desirable and also boasts lush landscapes and outdoor spaces. Add to this a large two car garage off the alley which is such a great characteristic of First Addition homes, and it is a great place to live.

Additional Resources on First Addition Neighborhood in Lake Oswego, Oregon:

First Addition Neighborhood Association

City Of Lake Oswego

First Addition Homes For Sale

Lake Oswego Real Estate

Quality First Addition Real Estate Agent Help Whether you are Finding A Home In First Addition or Selling Your First Addition Home……..

If you are interested in finding a Lake Oswego home in First Addition, please let us know what you are looking for.  If you are looking for Lake Oswego Realtors who can broker your next transaction with skill and care, we are happy to help you whether you are a First Addition buyer or seller and can help you in other parts of Lake Oswego as well.

Just email LO@CooperJacobs.com or give us a call.

You can call me at 503-853-5506

Basics On The First Addition Neighborhood In Lake Oswego, OR

Get To Know First Addition:First Addition neighborhood in Lake Oswego OR

Lake Oswego, OR is a great community filled with wonderful neighborhoods and amenities.  First Addition is Lake Oswego’s historic district and a charming neighborhood dating back to the late 1800s.  It is around 30 blocks and located convenient to Downtown Lake Oswego, the Lake Oswego Library, and all that the city’s Village Center Offers.  In addition, it borders Tyron Creek State Park.

Additional Resources on First Addition in Lake Oswego, Oregon:

First Addition Neighborhood Association

City Of Lake Oswego

First Addition homes lake oswego OR

First Addition Homes For Sale

Lake Oswego Real Estate

Finding A Home In First Addition or Selling Your First Addition Home:

If you are interested in finding a Lake Oswego home in First Addition, please let us know what you are looking for.  We are happy to help you whether you are a First Addition buyer or seller and can help you in other parts of Lake Oswego as well.  Just email LO@CooperJacobs.com or give us a call.