What if we told you that we have hosted and attended open houses recently that have had foot traffic harkening back to the days of 2.65 interest rates of 2021?

What if we told you that some houses are getting multiple offers, with buyers offering escalation clauses, more than asking and/or waiving the appraisal?

That is what a “property specific” market looks like. Listings that are in great condition, priced correctly and in strong locations continue to move quickly and at times, invite competitive situations.

Luckily in Lake Oswego, many of the “property specific” factors that drive demand and increase home values are a given such as:

School District. Lake Oswego School District consistently ranks the top school district in Oregon and among the nation’s finest according to niche.com’s rankings that take into consideration academics, teachers, clubs and activities, diversity, college prep and administration.

Neighborhood Amenities. With access to desirable amenities such as parks (over 645 acres spread out over 36 different sites), trails (the City offers a recreational loop system of pathways around the community, each designed to connect neighborhoods with schools, parks, and commercial centers), culture (Lake Oswego is home to the Lakewood Center for the Arts offering live theater, classes and an annual arts festival as well as to the Arts Council of Lake Oswego that sponsors exhibitions including the acclaimed Gallery Without Walls outdoor sculpture collection, two community swim parks, several neighborhood pools and a beach along the Willamette River.

Safety. Lake Oswego is the 84^th safest city in the United States (and one of only two in Oregon)  based on the total number of property and violent crimes per 1,000 residents according to Neighborhood Scout.

Other property specific factors that affect a home’s value in today’s market include the condition of the home, how dated or updated it is, and in Lake Oswego features like views (of Mt. Hood, Mount St. Helens or the lake), access to the Lake Grove Swim Park, waterfront property and easement access.

Buyer interest in Lake Oswego is high; however, buyers do face headwinds such as prices, interest rates, and housing supply. That’s why it is SO important to work with a hyperlocal Realtor like one of us who can help you navigate these challenges from encouraging you (and connecting you) to different mortgage brokers to shop the best rate to positioning your offer to be competitive while protecting your investment strategy going forward, to finding off-market properties.

Know that when you work with us, we will ALWAYS have your best interests in mind. We have talked many clients OUT of buying a house that we didn’t think was a good investment. And we have lost listings because we tell clients the truth, not what they necessarily want to hear. Our clients appreciate the service we deliver throughout their homebuying or selling journey, providing honest advice and real market insight to ensure they make wise decisions.

Feel free to reach out. We’d love to work with you!

Kevin Costello kevin.costello@cascadehasson.com 503.939.9801

Riley Costello riley.costello@cascadehasson.com 971.322.6205