Lake Oswego Waterfront Real Estate Market Update 2017
Summer is over and the kids are back in school. It’s quiet out there with all the smoke in the air, but a lot has happened this year in regards to Lake Oswego waterfront real estate. What has happened this year in Lake Oswego waterfront homes? These are single family residential homes that are waterfront on Oswego Lake or one of its off shooting canals. These are not Lake Oswego waterfront condos or Lake Oswego homes on the river.
For all of 2017, there have been 24 Lake Oswego waterfront homes that have closed in escrow through the RMLS. These homes ranged in list price from $839,900 to $6,900,000 and ranged in final sales price from $845,000 to $6,300,000. The median list price was $2,325,000 and the median final sold price was $2,185,000. The average dollar per square foot is $576/sq ft for these homes on the lake (final sales price vs. $619/sq ft asking price) . The average days on market for Lake Oswego waterfront real estate in 2017 is 141 days and the median is 29 days on market.
So what is happening right now for Lake Oswego Waterfront Real Estate?
There are 29 Lake Oswego waterfront homes for sale in the MLS currently. They range in price from $899,900 to $15,000,000 with a median list of $2,395,000 and an average dollar per square foot asking price of $680. In addition to these homes, there are 4 that are pending in escrow ranging in price from $1,198,000 to $3,995,000.
Oswego Lake is a private lake. Basically if you want to enjoy the lifestyle that the lake offers, you need to live on the lake in a waterfront home or condo or you need to live in a home that has deeded rights to the lake. These deeded rights for non waterfront Lake Oswego homes are called easements and they are scattered around different parts of the lake. Every easement is different so it is helpful to look at the various amenities the easements offer and then decide on a home that is within the boundaries of that easement and has deeded rights to it. It is possible to have deeded rights to multiple easements. In that case you may join none of them, one of them, all of them, or any combination of them. It can get confusing so please let us help walk you through it if you want creative options outside of purchasing waterfront property. We are Lake Oswego Realtors and we have lived in an easement home and currently live in a Lake Oswego waterfront home.
LO@CooperJacobsPDX.com or call/text Brian Olsen: 503-853-5506 We are Lake Oswego Realtors and look forward to helping you.