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.

Lake Oswego Neighborhoods: Bergis Farm Estates

Lake Oswego Neighborhood Highlight:  Bergis Farm Estatesbergis farm entry

Bergis Farm Estates is a Lake Oswego luxury development on Bergis Farm Drive just off of SW Cornell Street at SW Bergis Road.  There are fifteen well appointed homes in the Bergis Farm neighborhood.

These Lake Oswego homes were built in the late 1990s and into the early 2000s with a high attention to detail and finishes.  Open floorplans and large spaces are a couple of the attributes of Bergis Farm homes.  The neighborhood is currently literally surrounded for the most part by farms and is an excellent choice for buyers looking for a combination of peace and tranquility, close in West Linn, Portland, & Lake Oswego amenities, plus the coveted LO schools. This neighbohrood offers an easy commute, but is in a beautiful country setting, and many of the homes in Bergis Farm Estates offer territorial views.

This neighborhood is coveted.  Currently only one home on Bergis Farm Dr. has been on the market recently and it is Pending in escrow.  The list price on it is $1,280,000.  This is up significantly as the market has recovered over the last year or so.  Over the last 24 months, there have been three Bergis Farm Estates homes sold.

  • 17426 Bergis Farm Dr was listed for $894,500 and sold on 3/9/2012 for a final sold price of $825,000.  It is a 4 bedroom, 3 bath, 4444 square foot home built in 2001.
  • 17411 Bergis Farm Dr was listed for $882,500 and sold on 6/29/2012 for a final price of $840,000 after being on the market for only 13 days.  It is a 4 bedroom, 3 bath, 4282 square foot home built in 2000.
  • 17384 Bergis Farm Dr was listed for $995,000 and sold on 10/26/2012 for full price after 57 days on market.  This Bergis Farm home is a 5 bedroom, 4 bath, 5081 square feet home built in 2005 with super high end finishes and fixtures including Dacor, Subzero, and Miele appliances, plus territorial views.

bergisfarmholidayhouseThe overall numbers on Bergis Farm Estates including the pending home on the market now are as follows:  The median days on market for selling your Bergis Farm Estates home in Lake Oswego is 115 days.  The average dollar per square foot for listing prices in the neighborhood is $224 and the average dollar per square foot for sold prices over the last two years is $194.  The home that is currently pending is listed for $298 a square foot. Prices have increased over the last two years, but I imagine that the currently pending home in the neighborhood won’t get full price.  It will, however, set the bar for the current state of the real estate market in Bergis Farm Estates.  You can read the full details on these here: Bergis Farm Estates Market Report

Please let me know if you are interested in buying or selling in any of Lake Oswego’s neighborhoods.  I would be happy to give you some tips on the various locations and also would look forward to seeing your home if you are interested in selling. 

Here is a map of Bergis Farm Estates:


View Bergis Farm Neighborhood in Lake Oswego in a larger map

All Bergis Farm Estates real estate market data was compiled by Court Olsen, Lake Oswego Realtor. Please email me if you have any concerns at all: co@cooperjacobs.com

Lake Oswego Waterfront Homes Market Update Oct 2013

Lake Oswego, Oregon Waterfront Homes Market Update Oct 2013

Lake Oswego waterfront homesThis 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 View Homes & Other Sites Around Town

 

There are some amazing Lake Oswego view homes in this city. Lake Oswego OR is a very cool affluent Portland suburb located just Southwest of Downtown Portland and East of Beaverton. It is filled with beautiful homes including some exceptional lake Oswego waterfront homes, but the Lake Oswego view homes are what are really catching my eye on these warm days…

Lake Oswego has many different beautiful sites to see. You can find homes with views of Oswego Lake as well as the region beyond. Portland in general is filled with waterways and the sprawling mansions along the Willamette River are substantial and jaw dropping, but I still keep coming back to the many beautiful views you can capture by living in Lake Oswego. The Lake Oswego Realtors must enjoy their job! I know I enjoy touring these beautiful Lake Oswego homes and neighborhoods!