Village On The Lake has long been one of the most sought after Lake Oswego neighborhoods with Village On The Lake homes ranging in the low $800k to $2M range generally. This well organized and desirable neighborhood provides deeded access to Oswego Lake so that you can live the lakefront lifestyle but not pay the price of Lake Oswego waterfront homes.
Please let us know if you are interested in seeing what is for sale in Village On The Lake: call/text 503-853-5506
Brian Olsen, Lake Oswego Realtor, Keller Williams Portland Premier
Just in the last 30 days for Oswego Lake waterfront properties (not Willamette River waterfront homes in Lake Oswego), there have been 6 lakefront homes sold in escrow through the MLS.
The price on these sold Lake Oswego waterfront homes range from $400,000 (a fluke) to $3,475,000 with a median sold price of $1,435,000 and an median days on market of 189 days. The average dollar per square foot for these Lake Oswego lakefront homes and canal front homes that have sold is $442 with a median sales price to list price percentage of 96.73%.
Sold lakefront homes and canalfront homes: 3300 Southshore Blvd., 18000 Sarah Hill Lane, 17471 Cardinal Dr., 263 Northshore Rd, 2926 Lakeview Blvd., 3214 Lakeview Blvd.
Here are the details of the Lake Oswego waterfront homes which have sold:
Lake Oswego’s Village On The Lake: Yesterday speaking with a Lake Oswego neighbor, I got asked the question: “How’s the market?”. The short answer is GOOD. Multiple offers and high demand for well priced Lake Oswego homes creates a great environment for sellers thinking about moving.
Village on the Lake is a micro neighborhood on the North Shore with less than 100 homes, but pretty much the perfect set of amenities for many buyers. Good schools, great houses, beautiful streets, and one of the nicest easements on Oswego Lake – complete with bathrooms, BBQs, Boat slips, canoe /kayak /SUP racks, swimming areas, and in a great section of the main lake. Village on the Lake homes have been selling in the $700,000 to $1.5 Million dollar and up range depending on size of home, water view, location of home in neighborhood, etc. Most Village on the Lake homes are now selling in the $900,000 and up range, so look to this neighborhood to be a good investment.
The most recent sales in Village On The Lake are as follows:
1600 View Lake Court $860,000 This home is a 2 bedroom view home built in 1989.
15519 Village Dr. $690,500 This VOTL Lake home came on and off the market so fast you may have not seen it! It is a 3 bedroom 2274 square foot home built in 1989.
When a Village On The Lake home comes up for sale on the market it doesn’t last long! This Lake Oswego neighborhood is one of the most desirable places it seems – there are a couple coming on soon so let us know if you are interested so that we can try and get you in right away! Court Olsen 503-899-2968
Please call 503/635-6373 to purchase tickets.Tickets are FOR SALE through the Oswego Heritage Council and online so please don’t miss out.
Sponsors of the annual event in 2014 are Paul Schatz Furniture, Sotheby’s International Realty, Cascade and Willamette Vineyards. The City of Lake Oswego is also distinguised as an important part of making this event possible.
Every year during the month of May this tour offers rarely seen visions ofPortland historic homesof Portland Suburb Lake Oswego. Insight into our Oregon heritage. These properties were created and owned by influential people in Portland history and the opportunity to see inside is unique. Please contact us to answer your questions regarding these or any otherPortland properties.
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.
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
Village On The Lake Real Estate: GREAT activity in this GREAT Lake Oswego neighborhood!
The house on View Lake Ct listed for $950,000 is pending and the house on Village Drive at the first entrance to the neighborhood has sold!
15411 Village Drive closed on 11/22/2013. It was on the market for a whopping 7 days and sold for close to full price. This gorgeous Village On The Lake home is the first home at the first entrance to the neighborhood on the corner of Summit Dr. and Village Drive just off Iron Mountain Road on the North side of the lake. List price: $899,000 Sales Price: $865,000
Here are the marketing remarks from the RMLS:
Stunning remodel in highly sought after Village on the Lake! Cascading 17ft backyard waterfall over the spacious built-in hot tub. Gorgeous slab granite in gourmet kitchen w/ stainless built-in appliances. 4 bdrms plus den & bonus. All bathrooms remodeled w/ granite and tile throughout. Generous Master Suite w/ walk-in closet and completely remodeled master bath. Guest room w/ attached full bath. Unbelievable home in fantastic location!
Some of the stats on this one:
3809 Square feet
Built in 1989
3 car garage
Easement to Oswego Lake if you join the private neighborhood marina. There is a beautiful dock, heated bathrooms, shower, canoe/kayak/paddleboard racks, boats slips, swimming area, etc., and it is truly one of the best neighborhood Oswego Lake easements I have seen.
So between these two recent sales as well as sales in previous months, Village On The Lake is proving to be a desirable neighborhood in Lake Oswego. If you are interested in seeing what your VOTL home is worth, please let me know. If you decide to list with me anytime before 1/31/2014, I will schedule a FREE Staging consultation for your home and also contribute up to $1500 towards your Staging. I am happy to sit down and show you some of my marketing tools and why we are different. I can show you comparables on the Lake Oswego real estate market and look forward to hearing about your needs.
If you have had your head up at all, you may have noticed a lot more activity this year. Sales volume for total homes sold in Lake Oswego (listed in the RMLS) has returned to pre 2008 levels.There have been 648 Lake Oswego homes sold this year alone so far from 1/1 to 11/11. This hasn’t been higher since 2005 when during the same period 688 homes sold. Total sales volume this year has been $383,628,000 which hasn’t been topped since 2007 when it was $383,834,000 for the same period.
Charts below illustrate year to date for the same periods for 2004 through 2013 so you can see the dip and recovery. If you questioned whether or not you should put your Lake Oswego home on the market, then this should clear it up. The median price of these sold homes is $500,000 for 2013 so far. Last year for this period, it was $448,700. If you are interested in buying or selling Lake Oswego real estate, please get in touch with us so that we may help you evaluate your options. Thank you in advance! LO@CooperJacobs.com 503-899-2968
All data compiled by Principal Broker Court Olsen using data from the RMLS. CooperJacobsPDX
Lake Oswego Homes For Sale: Listings here include Lake Oswego waterfront homes, Lake Oswego easement homes, riverfront, lakefront, etc. They are all detached units and residential only using area 147 and the city of Lake Oswego Oregon which is zip codes 97034 and 97035.
In the last month, there has been enough action in Lake Oswego’s waterfront real estate market to note that sellers of Oswego Lake waterfront properties do indeed have a say, but not enough to rule out a buyer’s market. In either case, whether you are a buyer or a seller, there are different aspects of the market that should be taken into account.
What’s for sale on Oswego Lake right now?
Currently, there are 27 Active Lake Oswego waterfront homes for sale on the market in the MLS. These homes range in price from $479,000 to $7,900,000 with a relatively affordable median list price of $1,495,000. The average dollar per square foot on these is $515 and the median days on market is 102 days with a range of 8 days to 398 days.
What has sold on Oswego lake in the last 30 days – pending Oswego lake waterfront homes sales that have not closed in escrow yet:
There are five Lake Oswego lakefront homes that are pending in escrow right now. These range in price from $1,349,000 to $1,839,000 with a median list price of $1,579,900. The median days on market for these 47 days and the average dollar per square foot for these is $401/foot.
Sold Lake Oswego Real estate numbers on the lake:
One Lake Oswego waterfront home that was listed in the MLS and is on the lake has closed in escrow. You can see full details here: lo waterfront sold detail 11032013, but basically it was an Oswego Lake waterfront home located at 2240 Summit Court. It was listed for $2,595,000 and on the market for 93 days. It has a final sales price of $2,375,000 which at 5036 square feet is $472/square foot.
Here are the RMLS remarks for 2240 Summit Court:
Stunningly well built traditional w/commanding 180 degree views of Oswego Lake. Located on a rare cul-de-sac this timeless design was built w/tomorrow in mind; 3 stop elevator, floor to ceiling windows, great room concept, large recreation room w/ wet bar, 850 bottle self cooling wine cellar, safe room, large interior shop, oversized 3 vehicle garage, boat house, dock and lift!
There are some good choices for waterfront homes on Oswego Lake right now, and of these there is a good range of price and style. You can find homes on both Lakers and Pacers side of the lake and also in a wide variety of waterfront types such as main lake, bay, and canals. Just last week a beautiful home I have been photographing for months came on the market. I would be so excited to show anyone this particular home and the brokers open last week was obviously a hit. Call me if you want to learn more about what is on the market, how much your home might be worth, or just Lake Oswego in general. It is a great place to live and a wonderful place to move to. I look forward to sharing it with you!
Whether you are a Pacer or a Laker, you can still live in one of the great Lake Oswego waterfront homes or one of the amazing Lake Oswego neighbohoods. Lake Oswego is home to great opportunities in housing including spectacular Oswego lakefront homes which compare to no others. You can buy waterfront homes on either side of the lake.
In addition, if you don’t want the expense or maintenance of being a waterfront property owner, there are 20 Oswego Lake easements which provide access and amenities to the lake. Oswego Lake is private, so if you want to take advantage of the beauty and water sports on the lake, then you definitely need to talk to us about which type of home and all neighborhood works best for your particular needs. Not all easements on the lake are created equal and not all homes in LO belong to easements. Some Lake Oswego homes belong to more than one easement and some Lake Oswego homes for sale belong to no easements on the lake. Finding someone who can guide you through the process is pretty important so that there are no surprises.
You can see Lake Oswego waterfront homes for sale on our corporate site. We are also happy to show you out favorites and help you figure out what park of the lake is best for you. LO@cooperjacobs.com
You can also get in touch with me easily if you want direct help or if you are interested in learning more:
Cooper Jacobs Real Estate
Call or text me: 503-899-2968
*Mission statements courtesy of school websites sited in article.
A peek at the Springbrook Easement with boats through the fall leaves…
Lake Oswego waterfront living includes the sad realization that its time to put the boats away. Winterization and storage and no more summer fun bobbing around on Oswego Lake. The perk of the end of the season? The Fall season is beautiful. Autumn brings around rain, but also beautiful sunny crisp days filled with color and excitement for the upcoming holidays.
Make sure and make your appointment with the Lake Corp to pull your boat out: (503) 636-1422
Lake Oswego, Oregon Waterfront Homes Market Update Oct 2013
This is for single family homes (not Oswego Lake condos)
There are 25 active Lake Oswego waterfront homes for sale currently in the RMLS. As always, if you know of a FSBO Lake Oswego waterfront home that should be included in this mix, please let me know. The homes currently listed on the shores of Oswego Lake have been on the market anywhere from 1 day to 374 days with an average days on market of 96 days and a median days on market of 87 days. They range in price from $479,000 to $7,900,000 with a median list price of $1,495,000 and an average dollar per square foot of $537. A quick note that in walking along Lakeview, I did see a sign go up so there should be another Lakeview waterfront home going up soon, too. Let me know if you are interested and I can get you the details before it goes live.
There are 5 Lake Oswego waterfront homes that are pending currently in the RMLS. They range in list price from $1,400,000 to $2,595,000 with a median list price of $1,795,000 and an average dollar per square foot of $427.
Looking back over the last month, there have been no Lake Oswego waterfront homes that have sold and closed in escrow.
The overall dollar per square foot for all 30 of these Lake Oswego waterfront properties is $516 with an overall median days on market of 93 days.
Oswego Lake is a private lake and in order to be able to boat in it you must either live in a Lake Oswego waterfront home or live in a home with a lake/boat easement.
There are many different options for both choices. For Oswego Lake waterfront homes you can look at both the South and the North shore. There are also many canals and bays off of the main lake. There are two high schools in Lake Oswego so if a particular one is important to you than it is important to know where the Lake Oswego high school boundaries are.
Having an easement to Oswego Lake is a more affordable way to have good access to the lake. There are many different Lake Oswego neighborhood easements to choose to be a member of so again look at boundaries and also look at the individual easements themselves. They all differ from each other so choose a home in a neighborhood with an easement that suits you. Keep in mind they have limited boat slips and have different ways if allocating those to easement members so you may not get a slip right away or even soon.
You can see Lake Oswego waterfront homes for sale on our corporate site. We are also happy to show you out favorites and help you figure out what park of the lake is best for you. Lo@cooperjacobs.com (You can also call me if you are interested in learning more: C Olsen 503-899-2968 Cooper Jacobs Real Estate )
Lake Oswego Boating: Took this shot off the boat last night on a quiet cruise without the kids. Oswego Lake is a beautiful and peaceful place at night with only a few other souls out enjoying the calm. Should be the calm before the Labor Day weekend activity. The weather in Lake Oswego this weekend is set to be boating perfect and ready for lots of last hurrah summer fun before school starts on Tuesday.
Lake Oswego living is closely knit to the lake itself and no wonder why. Oregon is full of natural beauty, but this is my favorite place in the state. If you are interested in Lake Oswego living, then let me know if you need help looking at different neighborhoods, etc. If the lake is important to you like it is to me, then you need to find a home that is either on the water or in one of the easements. Oswego Lake is a private lake. It is not open to the public. Not all homes in Lake Oswego offer the luxury of the use of the lake. It is important to find Lake Oswego easement homes so that you can take advantage of the biggest asset of living here. We can help you can find all Lake Oswego homes for sale including Lake Oswego waterfront homes and homes in different Lake Oswego neighborhoods.
Active Lake Oswego Homes For Sale with 4 Bedrooms: Currently there are 129 four bedroom homes for sale in Lake Oswego according to the local MLS. These range in price from $349,900 to $4,850,000 with an average list price of $990,487 and a median list price of $769,900. The average dollar per square foot for a four bedroom home for sale in Lake Oswego right now is $270. The days on market range from 1 day to 904 days. The median days on market is 55 and the average is 99 so that long one is definitely throwing the average off. The median square footage for a home for sale in Lake Oswego, Oregon with four bedrooms is currently at 3600 square feet.
There are two short sale homes that are pending waiting for bank approval. Those are listed at $265,000 and $315,000 and not reflective of the Lake Oswego four bedroom market overall.
Four Bedroom Homes in Lake Oswego Under Contract: There are 64 homes with four bedrooms in the city that are pending waiting to close in escrow. These range in price from $207,100 to $2,250,000 with a median list price of $626,975 and a median days on market of 33 days cumulatively. The median square footage for these is 3112 square feet. These homes sold for a median of $213 a square foot.
In the last month, 50 four bedrooms homes in LO have SOLD and closed. The sales price on these ranged from $250,000 to $3,250,000 with a median sales price of $584,800 and a median days on market of 34 days and a median size of 3081 square feet.
Overall impression for four bedroom homes in Lake Oswego: As a buyer, there is much inventory and the four bedrooms that are available range in price greatly and also come in many different neighborhoods. The average size for a four bedroom according to these stats overall is 3443 square feet and the cumulative days on market was a median of 43 days. The list prices ranged from $207,100 to $4,850,000 with a median list price of $669,900 and a median dollar per square foot from these list prices of $248.
If you are a seller and interested in standing out amongst the crowd, then price and preparation is key. I am happy to provide you with a free consultation at any time to see how you compare to others on the Lake Oswego Real Estate market. LO@cooperjacobs.com
Lake and has a variety of architectural styles. It is surrounded by an abundance of natural beauty including nature reserves and the lake itself, but still maintains its manicured landscapes.
Want The Highly Coveted Boat Easement or Lake Easement?
Important: Oswego Lake is a private lake. This is not always a commonly known fact to most newcomers, so if the use of the lake is important to you, then it is important to find a home with an easement. The right to use Oswego Lake is highly sought after by eager homebuyers in Lake Oswego.
Village On The Lake boasts an amazing optional members only easement and Marina with 25 boat slips, bathroom facilities, BBQ & dining, swimming and play areas, racks for canoes, kayaks, and stand up paddleboards, a shared community canoe and kayak, and much more.
Village On The Lake Is Quaint:
There are less than one hundred homes in this Lake Oswego neighborhood, and it feels even smaller than that. Platted in 1985, Village on the Lake is quaint and has a wide variety of homes which also includes some stunning Lake Oswego view homes. If you are interested in buying or selling Village On The Lake homes, please let us know!
Helpful Lake Oswego and Village On The Lakes links:
Lake Oswego Waterfront Homes For Sale: Market Activity May 2013
Sold Lake Oswego waterfront properties closed averaging 92.18% of their Final List Price. This reflects a 7.82% difference between Sale Price and List Price. They ranged in price from $415,000 to $3,200,000. The average price of these was $1,329,758 and the median price was $1,115,000. The median square footage was 3691 square feet and the median days on market for theseLake Oswego waterfront homes that are SOLD is 214 days.
It is interesting to note that while most of the sales were conventional financing, FIVE of the following homes were all cash buyers. This is a good tool to have in your back pocket when competing against other Lake Oswego waterfront buyers or as a seller when reviewing offers.
18140 Pioneer Court, built in 1980, 4 bedrooms, 2.1 baths, 2537 square feet $415,000
16621 Graef Circle – built in 1937 , 3 bedrooms, 1.1 baths, 2170 square feet $437,500
17680 Blue Heron Dr, built in 1968, 4 bedrooms, 3 baths, 3070 square feet, $725,000
340 Ridgeway Rd, built in 1935, 3 bedrooms, 3 baths, 3796 square feet, $730,000
17301 CANAL CIR Built in 1937, 3 bedrooms, 2.1 baths, 1812 square feet, $749,000 (CASH)
831 NORTHSHORE RD built in 1975, 3 bedrooms, 2.1 baths, 2113 square feet, $785,000 (CASH)
17775 KELOK RD built in 1977, 4 bedrooms, 2.1 baths, 2882 square feet, $846,000
4033 WESTBAY RD built in 1998, 4 bedrooms, 3.1 baths, 3691 square feet, $1,115,000 (listed for $1,195,000 and sold for 93% of that after 30 days on market.
1655 EDGECLIFF TER built in 1964, 4 bedrooms, 3.1 baths, 3416 square feet, $1,125,000 (listed for $1,175,000 and sold for 96% of that after a cumulative total of 182 days on market.)
2092 SUMMIT DR built in 1982, 4 bedrooms, 4.1 baths, 4441 square feet, $1,295,000 (CASH sale and sold at 100% of list price after a cumulative market time of 289 days)
3917 SOUTHSHORE BLVD built in 2007, 3 bedrooms, 4.1 baths, 4657 square feet, $1,750,000
2700 SUMMIT DR built in 1945, 5 bedrooms, 3 baths, 4472 square feet, $1,753,875 (CASH buyer – listed for $1,800,000 and sold for 97% of that with no market time)
15825 OSWEGO SHORE CT built in 2006, 3 bedrooms, 3.1 baths, 4317 square feet, $1,875,000
1800 NORTHSHORE RD built in 1994, 4 bedrooms, 6.1 baths, 7660 square feet, $3,145,000 (CASH)
3142 LAKEVIEW BLVD built in 2006 4 bedrooms, 5 baths, 5554 square feet, $3,200,000
If you are interested in buying or selling in Lake Oswego, please let us know. We are happy to provide you with the current market environment and help you make the best plan depending on your situation. Lake Oswego is a great place to live and a better place to buy or sell with the right help. LO@CooperJacobs.com