Lake Oswego Real Estate Market Report, Week of August 15th 2011
An Updated Report on Single Family Detached Homes for Sale from August 15, 2011 for Lake Oswego Real Estate
This last week in Lake Oswego, OR the median list price for real estate is at $549,950. The per square foot asking price came in at $198 per square foot. 48% of listings had a price decrease and 12% reset their DOM (Days On Market) by re-listing. The average DOM was down to 191 days.
Median home specs are as follows; 2942 sq foot home with 4 beds, 3 baths on a 1/4 to 1/2 acre lot. 14 new single family detached homes for sale in the Lake Oswego real estate market this week while 14 other homes were absorbed. This brings the active listings to a total of 428.
The most expensive 25% of listings have a median home price of $1,196, 000. The median specs for these homes are 18 years old with 4224 sq ft, 4 bedroom and 3.5 baths on lesss than a 1/2 acre lot. There are 5 new listings in this range of Lake Oswego real estate with 2 being absorbed so the total is at 107. The Lake Oswego homes for sale in this range are on the market for an average of 234 days.
While the lease expensive 25% of listings have a median price of $309,000 and have an average DOM of 153. This range of Lake Oswego homes for sale are on average of 41 years old on just under 10,000 sq ft lot, 1792 sq foot homes with 3 beds and 2 baths. Four new listings came up for sale with 7 being absorbed bringing the total to 107 in this range.
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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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