Monday, March 19, 2007

February 2007 Market Activity

by Mark Miller, Lake Oswego, Oregon Realtor®

Lake Oswego - West Linn Market Area
From RMLS published data

For the Month of February
Active Listings: 641
New Listings: 216
Pending Sales: 152
Pending Sales 2007 vs. 2006: 12.6%
Closed Sales: 97
Average Sales Price: $496,700

Year to Date
Closed Sales: 174
Average Sales Price: $533,700
Average Appreciation: 15.0%*

*comparing the last 12 months (3/1/06 - 2/28/07) with the 12 months before (3/1/05 - 2/28/06)

Search the Web for Information your Agent Won't Talk About

by Mark Miller, Lake Oswego, Oregon Realtor®

Because of fair housing laws there are topics a Realtor won't be able to discuss. When I work with clients my general rule is "Talk about the homes but not the people", however clients want to know about the quality of the schools, neighborhood demographics, crime statistics, etc. Not only do I encourage buyers to drive around the area on their own but also to search the internet for the information they need.

Here's a link to an article from The Wall Street Journal that gives ideas on finding the information your agent can't discuss.

http://www.realestatejournal.com/buysell/tactics/20070316-hoak.html?mod=RSS_Real_Estate_Journal&rejrss=frontpage

Friday, March 2, 2007

January 2007 Market Activity

by Mark Miller, Lake Oswego, Oregon Realtor®

Lake Oswego / West Linn Area
From RMLS published data

For the Month of January
Active Listings: 668
New Listings: 280
Pending Sales: 127
Pending Sales 2007 vs. 2006: -9.9%
Closed Sales: 75
Average Sales Price: $586,100

Year to Date
Closed Sales: 75
Average Sales Price: $586,100
Average Appreciation: 15.3%*

*comparing the last 12 months (2/1/06 – 1/31/07) with the 12 months before (2/1/05 – 1/31/06)