Lake oswego real estate
Lake Oswego is located along the Willamette River towards the Southern side of Portland. The Lake Oswego is a man made lake surrounded by hills on all the sides. It is one of the most sought after destinations in the Portland Metro area and offers a lot to the real estate investors. In fact the lake oswego real estate is also one of the most expensive investment locations in Portland Metro area. Located in the Clackamas County in Oregon it reaches an area of 405 acres around the Oswego Lake.
The total population of the city is in around 37,000. You can find some of the best lakefront and river front properties in the area and also some of the mountain facing properties.
The City of Lake Oswego has some of the best schools and family living atmosphere. If you are looking for an investment property in the Lake Oswego area then below is some information about the Lake Oswego real estate market that can help you in deciding on whether to make an investment or not.
Lake oswego real estate conditions
The lake oswego real estate market is in one of its best forms. The market saw a rise of almost 7.8% last year and saw some great sales. You can find some of the best houses available in the area and in some of the best prices. With the exotic location of houses and superb sceneries you can get some of the most wonderful houses in the area. For buyers it is a good time to make an investment as the market is great and you can find good deals. Because of the benefits that the city offers there are a number of buyers who are desperate to invest in the area. At present the market is showing a balance for both sellers and buyers and there is as much as 5-6 months of inventory available.
There is a lot of mayhem for water-front properties which are a hot favorite for investors. At present the market statistics for these properties in the lake oswego real estate market are as follows:
Active Residentiall waterfront listings: 34
Average List:
$2,368,210.
High list $7,500,000.
Low list $784,900.
For riverfront properties the market conditions show the following statistics:
River residential
active listings: 26 Active
Average List: $1,466,718.00
High $2,975,000.
Low $629,000
The first quarter of 2008 has seen closed sales statistics as:
High sale: $1,195,000.
Low Sale: $353,499.
Average: $722,280.
Average Days on market: 80
The sales activity on an average have picked up since last year and there was almost 17.8% of closed sales in April May 2008. However, the pending sales have grown up to 2.6% and the new listings have dropped by 2.1%. As compared to the last year the average sales price has come down by almost 4% and the median price has dropped by 3.2%. The average sales price has been found to be $552,800 and the median sales price is found to be $449,000. With these statistics you can get some of the best available rates in the Lake Oswego region. If you are a seller then it is advised that you price your property correctly so that you can see quick sales and make sure that you have taken the market conditions into considerations when pricing your property.
Lake oswego real estate agents
When you decide to make a lake oswego real estate investment then it is advised that you take the help of a real estate agent. An agent can guide you properly on which property would suit your budget and taste of living. Apart from this you should also consider informing the agent about your choice and the amount that you are ready to invest. The lake oswego real estate agent whom you hire should be licensed and experienced to guide you through the process and should be able to handle all the details. The duties of a real estate agent are to take care of looking for the right property, negotiating on terms with the seller, preparing all the paperwork and the deed and closing of the deal. Though these tasks seem to be easy but they can be very taxing and you might not be able to handle it properly on your own. If you take the help of a real estate agent then the agent can correctly take care of all these things and help you through the whole process of getting through a Lake Oswego real estate deal.
Some of the real estate agents in Lake Oswego are mentioned below:
Drew Coleman: He has been dealing with the real estate business in Lake Oswego area since 2001 and has helped a number of people in getting the right deal. You can contact him at 15400 SW Boones Ferry Road, Lake Oswego, OR, 970; Office Phone:(503) 534-1550 Alt. Phone:(866) 635-1674 Fax Number:(503) 212-5150
Mark Krager: With year of experience in dealing with real estate in Lake Oswego and the surrounding areas you Mark can help you get some of the best deals. You can contact him at 4035 Douglas Way, Lake Oswego, OR, 97035; Office Phone:(503) 906-4508 Cell Phone:(503) 804-4390 Fax Number:(503) 336-7231.
David Somerville: They focus on the relocation and buyer services for the Portland Oregon metropolitan area. You can contact him at 5 Centerpointe Dr. Suite 150, Lake Oswego, OR, 97035; Office Phone:(503) 624-9660 Ext.: 2124 Cell Phone:(503) 789-7633 Alt. Phone:(503) 684-2124 Fax Number:(503) 520-2292.
Ruth Canutt: She has been a real estate professional since 1986 and since then has helped a number of people in getting the right real estate deal. You can contact her at Office Phone:(503) 495-5204 Cell Phone:(503) 781-1285 Fax Number:(503) 495-5301.
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