April 2010 Home Sales Lake Oswego / West Linn

Lake Oswego / West Linn home sales see surge in home sales April 2010.

• Under contract homes climb 130% year over year
• Inventory is less than half what it was a year ago, reaching a new two year low
• Homes selling faster with days on market dropping to 82 days
• Median sale price declines

There is now just a 6.0 month supply of available homes on the market here in Lake Oswego and neighboring West Linn.  A balanced market is considered to be 5-6 months of inventory.  At 6.0 we may have an equalization of buyers to sellers, good news for our rebounding real estate market. 

If you are a  home buyer or home seller looking for local professional assistance with your real estate needs.  Call or ping me.  I would welcome the opportunity to earn your trust.

Roberta Nopson

info@Lakeoswegohomesellers.com   

www.RobertaNopson.com

Selling your Lake Oswego home…

Homes in Lake Oswego are selling, just not very fast.  Inventory, news press, statistics, interst rates all point to the tech savvy buyer doing their homework.  They determine what your home is worth, so understanding the buyers process is key to selling your home.

Today Lake Oswego home buyers control the market and in December paid just 87% of the average list price.  Just 16 homes did close, leaving 671 housing options still available.

Knowing how your Lake Oswego home compares to the others is critical.  Move in condition means just that.  Many sellers still think that a buyer is going to low ball an offer just to get things rolling, they may need to think again.  That wallpaper that was fabulous in the 80’s or even the 90″s is so out, and a carpet allowance offered at closing because of the hassle to replace the worn, outdated look could be costing you plenty.  These are things that can make a buyer run.  And since there are many Lake Oswego homes for sale, the buyer and their agent may not even take the time to look at your home.

With so many options ranging from a builder willing to on standing inventory, to a not so perfect bank owned property at a fantastic price….where does your home fit in this scenario. 

Pricing and property condition are key to the buyers interest.  Closed home prices in December ranged from $1,150,000 down to a low of $389,000,  showing Lake Oswego has buyers and homes in all price ranges.