Lake Oswego Real Estate Weekly Market Report – April 18th 2011
An Updated Report for Lake Oswego Real Estate for Single Family Detached Homes for Sale from April 18th, 2011
The median list price in Lake Oswego, OR this last week was down $10,000 to $575,000. The per square foot asking price held at $198 per square foot. 44% of listings had a price decrease and 21% reset their DOM (Days On Market) by re-listing. The average DOM was down to 226 days, 2days more than the prior week.
Median home specs are as follows; 3051 sq foot home with 4 beds, 3 baths on a 1/4 to 1/2 acre lot. 34 new single family detached homes for sale in the Lake Oswego real estate market this week while 16homes were absorbed. This brings the active listings to a total of 387.
The most expensive 25% of listings have a median home price of $1,249, 000. The median specs for these homes are 14 years old with 4321 sq ft, 4 bedroom and 3.5 baths on lesss than a 1/2 acre lot. There were 9 new listings in this range of Lake Oswego real estate with 2 being absorbed so the total is at 91. The Lake Oswego homes for sale in this range are on the market for an average of 294 days.
While the lease expensive 25% of listings have a median price of $304,450 up from $299,974 the prior week and have an average DOM of 174. This range of Lake Oswego homes for sale are on average of 42 years old on just under 10,000 sq ft lot, 1766 sq foot homes with 3 beds and 2 baths. 12 new listings came up for sale with 4 being absorbed bringing the total to 96 in this range.
- Data from Ticor Title – Lake Oswego.
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Rich Peralta is a real estate professional in the Portland Metro Area, Lake Oswego and West LinnReal Estate.
He can be reached at 503.961.2181 or by e-mail at rich.peralta@exprealty.com
Contact him for more information on Portland, Lake Oswego & West Linn Real Estate!
Originally posted on West Linn Real Estate.
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