Lake Oswego is located in the northwestern corner of Clackamas County and is ideally situated close to Oregon's major metropolitan areasójust eight miles south of downtown Portland and 45 minutes north of the state capital in Salem. The city was awarded first place in the American Bloom Contest as one of the most beautiful cities of its size.
Lake Oswego is a premier executive residential community of over 37,000 residents. The city's largest employers include the Lake Oswego School District, the City of Lake Oswego, Gage Industries, Inc. and Micro Systems Engineering, Inc. Most of the businesses are located downtown near the Willamette River, which is the city's eastern boundary, or on the west end in Lake Grove near Interstate 5.
Lake Oswego's original neighborhoods reflect a glimpse of England, with English Cottage and Tudor Revival homes designed by architect Richard Sundeleaf between 1920 and 1940, but most residents live in new developments designed to accommodate busy urban lifestyles. Real estate options in Lake Oswego consist of single-family homes, townhomes, condos, and land for custom home building.
Portland Real Estate Market: Price Range of Lake Oswego Houses for Sale
The real estate market in Lake Oswego is diverse. As one of the older, more established communities in the Portland area, many properties in the Lake Oswego area feature larger treed lots, commonly offering privacy not often found in the suburbs of a metropolitan area. There are many neighborhoods throughout Lake Oswego, with residences beginning from $200,000 and ranging to well over several million dollars for custom built homes and executive estates. Lake Oswego condominiums and townhomes are priced from the low $100,000s to well over $2 million. The lake itself is private with swimming and mooring rights running with certain home properties. Also, there are approximately 20 different types of lake easements assigned to certain properties in Lake Oswego.
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Lake Oswego Real Estate Stats and Trends for the week of August 15th, 2016: homes priced around $1,093,295 compared to $1,150,752 the previous week, showing a decrease of less than -5%. For Monday, September 26th, the current national mortgage rate for a 30 year fixed mortgage is 3.52%; the 15 year fixed rate is at 2.67%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.27%, while the 15 year jumbo rate currently is at 4.04%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Lake Oswego OR. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Lake Oswego to help you find the best home!