2009 Farmers' Markets are Opening Soon

Lake Oswego
Saturdays: May 16 - Oct 10
8:30am - 1:30pm
Millennium Plaza Park

West Linn
Tuesdays: Jun 2 - Sep 29
4:30pm - 8:30pm
1725 Willamette Falls Drive (between 10th and 14th streets)

First Time Home Buyer Tax Credit for 2009

The 2009 Federal tax credit of up to $8,000 is a great opportunity for qualified first time home buyers purchasing their principal residence before December 1, 2009.

Visit www.federalhousingtaxcredit.com to learn more and take advantage of the credit to buy a home this year. Here are some of the highlights:

• A first-time home buyer is someone who has not owned a principal residence during the three-year period prior to the purchase.
• The tax credit does not have to be repaid if you live in the home for 3 years.
• The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
• Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.

West Linn Market Activity Aug 08 - Jan 09

Lake Oswego Market Activity Aug 08 - Jan 09

I spent some time this afternoon looking at data from our local MLS and compiled the charts above.

The first chart shows the number of homes listed for sale that month, how many went pending and how many sold.

The second chart shows the average list price of homes on the market that month and the average sold price.

Local Farmers' Market

2008 Farmers' Markets in Lake Oswego and West Linn

The Lake Oswego Farmers' Market

Saturday: 8:30 am to 1:30pm

May 17 to October 11.

In Millennium Plaza Park at 1st and Evergreen streets downtown Lake Oswego.

Taste of Tuesday West Linn Farmers Market
Tuesday: 4:00 to 8:00 p.m.

May 6 to October 14

In the Historic Willamette District on Willamette Falls Drive from 10th to 14th street.

June 2008 Market Activity

by Mark Miller, Lake Oswego, Oregon Realtor®

Lake Oswego - West Linn Market Area
From RMLS published data

For the Month of June 2008
Active Listings: 1,222
New Listings: 333
Pending Sales: 90
Pending Sales 2008 vs. 2007: -38.8%
Closed Sales: 77
Average Sales Price: $590,800

Year to Date
Closed Sales: 445
Average Sales Price: $553,800
Percent Change: 4.3%*

*% Change is based on a comparison of the rolling average sale price for the last 12 months (7/1/07-6/30/08) with 12 months before (7/1/06-6/30/07).

December 2007 Market Activity

by Mark Miller, Lake Oswego, Oregon Realtor®

Lake Oswego - West Linn Market Area
From RMLS published data

For the Month of December 2007
Active Listings: 762
New Listings: 100
Pending Sales: 71
Pending Sales 2007 vs. 2006: -5.3%
Closed Sales: 84
Average Sales Price: $667,000

Year to Date
Closed Sales: 1,434
Average Sales Price: $567,900
Average Appreciation: 7.8%*

*comparing the last 12 months (01/1/07 – 12/31/07) with the 12 months before (01/1/06 – 12/31/06)