Lake Oswego’s waterfront real estate market update as of early November 2013:
Author information: Court Olsen, Real Estate Broker , Realtor, Principal Broker for Cooper Jacobs Real Estate: You can reach her here: 503-899-2968 : CO@CooperJacobs.com
There has been enough action in Lake Oswego’s waterfront real estate market over the last 30 days to note that sellers of Oswego Lake waterfront properties to be competitive whether you are a buyer or seller. While only one lakefront property has closed in escrow officially, there are a number of them pending as detailed below. On the flip side, buyers have an abundance of CHOICES. This translates to sellers needing to pay particular attention to price and presentation to stand out. 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!
You can see Lake Oswego waterfront homes for sale on our 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
