Sunday, June 17, 2012

More Details on LO Real Estate & Prices

To All COLA LO Members,

Zillow has published more details on the impact of council decisions and the published articles about affordability in Lake Oswego.    The latest information is available on the following link:   LO Home Values.  It appears the current policies in the city and ongoing discussions about affordable housing are having a negative impact on home values.  

Over the past year home values have declined 3.8%   Interestingly they have declined more in the 97034 zip code than the 97035 zip code (Lake Grove).  

One has to wonder if all the investment by the city in the downtown area and the ongoing efforts to promote affordable high density development are hurting the area?   Trulia provides additional information on the market Trulia LO Overview .   

All of the details provide very real insight into our community.    Please notify all members, contacts, and friends.  

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