Lake Oswego Market Report June 2012 | Four Month Review of the Lake Oswego Real Estate Market

Lake Oswego Real Estate Market Report

Slightly over 6 months ago, the new year started out with an adsorption rate for Lake Oswego real estate of 7.0 months of inventory.

Within the first half of 2012, the entire Portland Metro area is now down to 3.9 months of inventory. The market has changed and inventory has decreased substantially and dramatically.

Related Article: Lake Oswego Homes for Sale Under $350000

This is a break-down of the past 4 months of Lake Oswego Real Estate Market Report Activity.

As of last month, Lake Oswego is showing 4.2 months' supply of inventory.

The above Lake Oswego Market Report chart shows the average price of Lake Oswego real estate for the past four months. The Lake Oswego real estate used for this market report is based on "DETACHED" properties -- excluding condos/attached homes/townhomes. I used short sales and foreclosed properties in Lake Oswego.

My Advice To Buyers Looking at Lake Oswego Real Estate

With interest rates still low and interestingly the average price is down over $100,000 from last month, and I double-checked that average sold price, they must have sold quite a few Luxury Homes in Lake Oswego last month! Could it be the low months supply of inventory has made prices increase??

If you're looking to buy a home just now that at this point in time the inventory is low and buyers are out looking at Lake Oswego Real Estate. If you're serious about buying Lake Oswego real estate you will need to be prepared:

• Find a great, hardworking real estate agent
• Have your pre-approval in place, current and know what you can comfortable afford to purchase
• Be diligent
• Listen to your buyers agent's advice and counsel
• Don't go it alone
• Get an agent who represent buyers and understand they bring knowledge, experience and dedication to the table

Related Article: Lake Oswego Homes for Sale Under $350000

Lake Oswego Real Estate for Sale

Here are a few nice Lake Oswego real estate properties:

• $206,000 : 5195 Firwood RD, Lake Oswego
  
  5 beds, 2 full baths

  Home size: 1,886 sq ft

  Lot size: 10,018 sqft
  
   
• $749,900 : 16633 Woodsman CT, Lake Oswego
  
  4 beds, 4 full baths

  Home size: 4,131 sq ft

  Lot size: 16,552 sqft
   
• $449,900 : 16855 Fernwood DR, Lake Oswego
  
  3 beds, 3 full baths

  Home size: 2,735 sq ft

  Lot size: 10,454 sqft
   
• $389,000 : 3290 Wembley Park RD, Lake Oswego
  
  5 beds, 3 full baths

  Home size: 2,401 sq ft

  Lot size: 9,147 sqft
   
• $1,479,000 : 13364 Atwater LN, Lake Oswego
  
  4 beds, 6 full, 5 part baths

  Home size: 5,776 sq ft

  Lot size: 23,522 sqft
   
• $419,000 : 1550 Bedford CT, Lake Oswego
  
  3 beds, 2 full, 1 part baths

  Home size: 2,359 sq ft

  Lot size: 9,147 sqft