Lake Oswego: Sitting Pretty, and Pricey
When I generally write about the Portland, OR metro, I point out how affordable it is to buy a home and live here, particularly in comparison to San Francisco, CA, where I lived before immigrating to PDX. But not every corner of the metro has the same price point, and Lake Oswego is one part of Portland where prices match- and exceed- those of some the country's most expensive real estate markets.
September, which might normally be slower than summer months in a less crazy, inventory starved market, was busy for Lake Oswego. Sellers sold almost 18% more single-family homes than they did in September of 2011. And from August through the third week in October of this year, 61 homes sold for more than a million dollars, with an average sale price of $1.9 million, per Active Rain data posted on October 23, 2012.
The point I'm making is that Portland often gets defined as the "weird" place with all the bikes and the green living DIYers. Sure, that reputation is part of the city of Portland, though certainly doesn't define all of it. And if doesn't define just the city, how can it define the whole metro, an area the encompasses several different cities and spans two states?
Check out listings in the Portland metro if you doubt me. You'll see. There's something for everyone.
Anna Marie Erwert writes from both the renter and new buyer perspective, having (finally) achieved both statuses. She focuses on national real estate trends, specializing in the San Francisco Bay Area and Pacific Northwest. Follow Anna on Twitter: @AnnaMarieErwert