Friday, August 24, 2012

Zillow Reports LO Home Values Continue to Decline

To All COLA LO Members,

Zillow recently reported that home values in LO continue to decline but that Homes on the east side of LO are declining while those on the west side are stable.  

 For some time residents have been questioning the value of the policies of the current city administration and their impact on home values.

Could the rising utility rates, plans for Foothills and high density subsidized housing be lowering the value of homes on the east side-downtown area?  

As home values decline, while fees and taxes increase, it will be interesting to see the impact of current policies on the fall election.

Will the candidates address the impact of current policies on home values?   Only time will tell but its clear that they have not increased home values.   

The details can be found in the Lake Oswego Home Prices & Home Values  report by zillow.   

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