Lake Oswego and West Linn depreciated rate for December was -1.4% improved over Novembers -3.3% and the 3rd month of improvement in this market area. Appreciation rates are calculated for a 12 month period and are tabulated by RMLS, our regions multiple listing service. The average price for a home in December was $456,200 much higher than Novembers $385,700. The year to date average sale price was $428,500 and the median sales price was $370,000. The average marketing time for a home is 166 days.
ZIP Code: 98662 Approximate Location Boundaries: Lake Oswego and West Linn
Location Characteristics: Oswego Lake is a private lake (an expansion of an earlier natural lake, named Waluga (wild swan) by Clackamas Indians managed by the Lake Oswego Corporation. Houses with views of Oswego Lake and lakeshore property are very expensive and much sought after. Lake Oswego is one of the most affluent suburbs of Portland. In 2000, the city had a median household income of $71,597, up from $57,499 in 1990. The city has some of the highest-priced real estate in the state, particularly the homes overlooking the lake. The 2007 estimate was $750,000 for houses not on the lake and $1,000,250 for those on the lake.
About Kevin Begemann:
Hello, I am Kevin Begemann, a real estate professional for Oregon. I have 9 years of experience in real estate. I specialize as a buyers agent for bank owned properties.
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