Lake Oswego home price averages – August 2012
Average Price for Single Family Homes
- 2 Bedroom: $ 498,777
- 3 Bedroom: $ 564,970
- 4 Bedroom: $ 998,348
Average Price for Condo/Town Homes
- 1 Bedroom: $ 116,425
- 2 Bedroom: $ 266,783
- 3 Bedroom: $ 402,493
- 4 Bedroom: $ 375,000
Lake Oswego homes are selling, call today 503-939-8025
Main Lake Classic
Hit the market peak of 07 @ 1.4M
Moved to a short sale and closed 4/21/2011 at $810.
There are deals in all price ranges and the conversation about short sales and bank owned properties is not going away anytime soon. Statistically speaking we are looking at another 18 months. Yes prices have settled and in some areas are starting to inch back up which is good not just for the real estate market but our entire economy. You may know of someone who feels like they are drowning in an upside down scenario that they see no light. There may be options.
- First Addition
4228 sq ftJC Reeves new constructionSold in 2008 for 1.289M. REO 2010.
Just Closed at $897 30% off the highs…
|More and more short sales are closing. Most banks will negotiate with the property owner. Knowing what the bank wants is the first place to start. And if it a primary residence the tax laws are in your favor for a few more months. Vital reading for home owners considerng a short sale and want to understand the forgiveness act.**
- On the Willamette River
5075 MAPLETON DR, West Linn Lease purchase at 1.025M in 2007 and returned to the market 10/2009 at a whopping 1.9M. No Market support. Short sale 3/29/2011 at $850
|It is a different real estate market today. Working on behalf of sellers and buyers to bring real estate transactions to a close is my job. If I can help answer any of your questions or concern, just call 503-495-5231.
Here comes Santa Claus….
Home sellers are in a unique position as the holidays approach. Many have traditions of decorating the family tree, twinkle lights glow and even a Christmas character or scene in the front yard. Others have spent numerous hours preparing their home for market or have had a professional stager help with the task. That can soon go out the window if your ‘home for the holiday display’ means a potential buyer may trip over Santa and his workshop on the way though the family room.
Don’t let all the HO HO HO turn into a NO NO NO with your potential buyer.
Think moderation– This season you are decorating for many others that may not share your same enthusiasm for Santa, garland and misteltoe or may not even celebrate the same Holiday as you.
On the same line, decorations kept to a minimum can actually make the room seem more spacious and flowing which is true in any season.
A welcoming garland swag over the front door is festive, same with greenery on the mantle showcasing the fireplace and warmth of the room. Simple and inviting to your buyer.
For more home selling techniques, give me a call 503-495-5231. I would welcome the opportunity to share my experience.
Remodeling cost vs value is top on the list as Lake Oswego homeowners decide how to prepare their home for a soft real estate market. Kitchens and baths have the enjoyment factor that many home buyers appreciate and depending on the size and scale of the project it may pencil out for many. But it does not top the list.
Drum roll please…Exterior upgrades lead the way in return on investment. Yes “Curb is King” when it comes to getting the Lake Oswego buyer out of the car and though that front door.
According to this years Remodeling Costs vs Value report the focus on the importance of exterior projects. These projects not only provide the most value buy are the least expensive projects home owners can take on.
All homeowners should take a close look at the own neighborhood when deciding which home improvement will return the greatest value. Working with an agent that understands your local market is a good first step. Since resale value varies, especially today, over improving can be challenging to recoup your investment if the neighborhood cannot justify price. Knowing the pricing in your neighborhood is as important as the project.
Today 9 of the top 10 projects are exterior projects. Exterior doors even the garage door can give your home a fresh new look with minimal investment and the greatest return from 80-103% of the cost. According to the report, replacement out paces remodeling in most cases. Remodeling projects especially in the high end have been losing ground in recent years which could be our economic climate and overall estimated return is about 60% vs 64% last year.
The 2010-11 Remodeling Cost vs. Value Report compares construction costs with resale values for 35 mid range and upscale remodeling projects comprising additions, remodels and replacements in 80 markets across the country. Data are grouped in nine U.S. regions, following the divisions established by the U.S. Census Bureau. This is the 13th consecutive year that the report, which is produced by Remodeling magazine publisher Hanley Wood, LLC, was completed in cooperation with REALTOR® Magazine.
If you are preparing your Lake Oswego home for market, lets discuss the big picture.