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Lake Oswego Home Sellers

By
Real Estate Agent with Portland Home Sellers 200204331

We are finally past the artic blast...biggest snow storm to hit our market since 1968.  I wasn't here yet but we did hear about it, almost as frequently as the snow fell.  For the newcomers, it is not normal for us to have kids home over the Christmas break for 3 weeks.  Yes that was three - count em...weeks.  Today mine finally went back to school.

Lets just say ~ in my market the phone doesn't ring much with snow on the ground.  Given the additional quiet days, when I wasn't doing a divide and counger with the girls, I was able to pull together year end stats a few weeks earlier than normal.  I must say, I was pleasantly surprised.

Nationally existing home sales for 2008 will be near 5.02 million versus 5.652 million for 2007.  A double digit decrease yes, at just over 11%.  But, and it is a big one ~ over FIVE MILLION people purchased a home in 2008 ~ media headlines ~ nah they would never tell the big picture in these terms.

Since we all know real estate is local, let's take a look at Lake Oswego's local real estate market.

Lake Oswego saw numbers go from 11305 in 2007 to 10908 in 2008 down just <3.5%>, nearby West Linn went from 6778 to 6581 down <2.9%> and the entire Portland market combine is only down <3.7%>. 

That really paints a picture when you compare these stats to the recent stock market correction that turned many 401K accounts into less than a 201K!

 

 

Vicente A. Martinez
Prudential Douglas Elliman Licensed Real Estate Salesperson - Woodhaven, NY
Realtor, Brooklyn - Long Island - Queens Homes

Hi Roberta and welcome to active|rain.

Those stats really do a paint a clear picture of the market in your area. And it's not as bad as other parts of the country. 

There are thousands of tips, tools, and tricks of the trade here. Be sure to check them out. Best of luck and see you around.

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Jan 06, 2009 02:38 PM
Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hello Roberta,

Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to you!

-Keith

Jan 06, 2009 03:05 PM
Anonymous
Roberta ~ Lake Oswego blog nubbie...

Thank you for the welcome.  I look forward to sharing the enrichment offered by what looks to be an awesome network of professionals.

~Roberta

Jan 06, 2009 05:29 PM
#3
Yvette Gardner
Keller Williams Realty, Spartanburg, SC - Spartanburg, SC

Welcome to the Active Rain community. This is a great site with lots of information.  Have fun with it and hope to see more of your blogs soon!  We have a team of three outstanding full time agents to assist your buyers and sellers in Spartanburg/Greenville, SC.  Let us know if we can ever help. Again, welcome to AR!!

Jan 06, 2009 11:18 PM
Dan Magstadt
Paramount Residential Mortgage Group, Inc - Lake City, FL

Congrats on your first post - Welcome to ActiveRain!!

DM

Jan 07, 2009 09:51 AM
Sheridan Corrie
Upstage, LLC - West Linn, OR

It's good to see that our market is still strong.  What a difference a few weeks make.  Let's see what we can do with a little sun!

Feb 04, 2009 05:59 AM