Lake Oswego Waterfront Homes Real Estate market Update Sept 2013

A peek at Lake Oswego waterfront real estate at summer’s end…

lake oswego waterfront homes for sale

Summer is winding down in Lake Oswego as much as we hate to look around and admit.  The leaves have been starting to blow a bit more and I have even seen them in the street… There are 39 active Lake Oswego waterfront homes for sale currently in the RMLS.  If you know of a FSBO Lake Oswego waterfront home that should be included in this mix, please let me know. The homes and condos currently listed on the shores of both Oswego Lake and the Willamette River have been on the market anywhere from 1 day to 351 days with an average days on market of 97 days and a median days on market of 76 days.  They range in price from $479,000 to $7,900,000 with a median list price of $1,495,000 and an average dollar per square foot of $464.

There are 6 Lake Oswego waterfront homes that are pending currently in the RMLS. They range in list price form $379,000 to $2,595,000 with a median list price of $1,597,500 and an average dollar per square foot of $376.

Looking back over the last month only for Lake Oswego waterfront homes that have sold and closed in escrow, there have been 4 of them ranging in sale price from $915,000 to $1,268,000 with a median sales price of $1,062,500 and a median list price of $1,400,000.  The average dollar per square foot on the list price for these sold homes is $296.

Here are the details of the sold properties:

5320 Childs Road in Lake Oswego is technically in Rivergrove and is a 5 bedroom 3 bath which was listed for $949,950 and sold for $915,000 on 8/27/2013.

12700 Fielding Road in Dunthorpe is a 3 bedroom 3 bath 3025 square feet home on the Willammette River.  It was listed for $997,500 and sold on 8/23/2013 for $950,000.

17485 Cardinal Drive in LO sold on 9/4/2013 for $1,175,000.  It was listed for $1,195,000 and located in Blue Heron Villas.  It has 4 bedrooms, 3 baths and is 3307 square feet.

17809 Kelok Road in LO sold recently as well.  5 bedroom and 3 bath with 3700 square feet.  It is located in the Lake Haven neighborhood and is on one of the canals on Oswego Lake. It was listed for $1,249,000 and sold for $1,268,000 on 8/21/2013.

The overall dollar per square foot for all 49 of these Lake Oswego waterfront properties is $296 with an overall median days on market of 77 days.

Some basics about Lake Oswego Waterfront Real Estate:

There are canals to the main lake and there is also Willamette River waterfront property.  Oswego Lake is a private lake and in order to be able to boat in it you must either live in a Lake Oswego waterfront home or live in a home with a lake/boat easement.

There are many different options for both choices. For Oswego Lake waterfront homes you can look at both the South and the North shore. There are also many canals and bays off of the main lake. There are two high schools in Lake Oswego so if a particular one is important to you than it is important to know where the Lake Oswego high school boundaries are.

Having an easement to Oswego Lake is a more affordable way to have good access to the lake. There are many different Lake Oswego neighborhood easements to choose to be a member of so again look at boundaries and also look at the individual easements themselves. They all differ from each other so choose a home in a neighborhood with an easement that suits you. Keep in mind they have limited boat slips and have different ways if allocating those to easement members so you may not get a slip right away or even soon.

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 park of the lake is best for you. Lo@cooperjacobs.com

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