Lake Oswego Waterfront Homes Market Update

Lake Oswego waterfront real estateLake Oswego homes : waterfront market update for SOLDS in last 30 days

It has been an active Lake Oswego waterfront homes market so far this summer.

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:

LO Waterfront sold detail 07262014 client handout

You can see the full stats of the Lake Oswego waterfront homes real estate market here: 

Lake Oswego Waterfront Homes for sale Stats 072614

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

Village On The Lake in Lake Oswego Oregon Recent Activity

Village On The Lake Real Estate:  GREAT activity in this GREAT Lake Oswego neighborhood! 

Village On The Lake Lake OswegoThe 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
  • 4 bedrooms
  • 3 baths
  • 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.

Lake Oswego Real Estate Market Update: Looking At YTD Year over Year

Guess What?  Lake Oswego Real Estate is back.

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

Lake Oswego real estate market update

chart_2Lake Oswego Realtors when you need them:  Cooper Jacobs Real Estate. 

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.

Lake Oswego Waterfront Real Estate Market: It’s A Buyer’s Market, But Sellers Still Have A Say

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.Lake Oswego waterfront homes

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!

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 part of the lake is best for you.

 You can also get in touch with me easily if you want direct help or  if you are interested in learning more:  

Court Olsen   Call or text me:  503-899-2968 email:  CO@CooperJacobs.com

Cooper Jacobs Real Estate – Lake Oswego, West Linn,  and Portland Neighborhood Realtors