Teardown Post

For those who still doubt that all real estate is local, I thought it would help to compare two areas with approximately the same number of listings (detached single family).  The first - the southeast zip codes of 97202 and 97206, encompassing Woodstock, Eastmoreland and Sellwood - has 438 active listings; and the second - the Lake Oswego zip codes of 97034 and 97035 - has 497.  Note both the areas are included in the MSA used by Case/Shiller, the Portland Metro designation used by RMLS, and even the Bubblers’ favorite Housingwatch region, which is so addled it includes among its cities the metropolises of Wankers Corners [sic], Helvetia and Interlachen, but excludes the possibly more significant cities of Canby, Wilsonville and Oregon City.  (In fact LO is included three times:  Lake Oswego, Oswego and Lake Grove.)

Lake Oswego

LO is to Portland as Bellevue is to Seattle, Beverly Hills to LA, Scottsdale to Phoenix.  It’s gorgeous, has fabulous schools, surrounds, as you might guess, a 415 acre lake, and is home of Oregon’s most expensive real estate.

By Jeff Kempe - read on …

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