Agent Profile
I am a top ranked agent serving the Portland area for over 20 years specializing in residential real estate sales and investments. I created this site as a real estate resource for buyers and sellers who want to be well informed about current inventory and pricing. If you are interested in actively tracking the market, please sign up to receive my daily listing email. We map every new listing each day then update the neighborhood maps. The map is emailed to you...simply click a neighborhood to see the listed properties for sale, complete with pictures, price and address. Agency Info
RE/MAX Equity Group
4800 Meadows Road, Suite 100
Lake Oswego, OR 97035Media RSS
It’s Finally Over…
It’s finally over. This recession, summer vacation, sleepless nights and the endless torture of our short sale purchase. Yesterday, we finally closed on our dream home.
I woke up the morning after still in disbelief. Half excited, part scared, but ready to move. Our family has been living with 1/3 of our possessions for the past month. I haven’t missed a thing until I had to go to a “Barn Bash” and dig out a pair of boots and a cowboy hat. I would like to just leave everything in storage and start over.
The remodeling has already started. We have two weeks to get the place together after it has sat vacant for 5 months. If there was any doubt that we have purchase the money pit, that was cleared up yesterday morning when we turned on the water to the exterior hose bibs and it started shooting out of the drywall next to the electrical panel. I guess the old adage, “You get what you pay for”, fits in nicely here.
Short sales are a big part of our market and will be around for a while. Some of the best deals that I have seen are not bank owned or foreclosures, but short sales. If you are looking to invest in real estate, don’t ignore this opportunity. Just don’t get emotionally involved…
July’s Market Action Report
The July Market Action Report is here. Lake Oswego and West Linn are still holding on to having the highest sale prices, with the average amounting to $469,600. This is paired up with 97 closed sales, a low number when compared with Southeast Portland’s 284 closings.
Overall, Portland’s closed sales surpassed June’s by 8.6%, marking the first time same-month closed sales have increased since April of 2007. Pending sales were up slightly but new listings fell by 8.2%.
To view the whole Market Action Report, click here
Home of the Month
This home is a phenomenal value! The custom built, 3,230 square foot home has a master bedroom on the main floor with a fireplace, granite counter tops, a game room, and a park-like backyard.
There is also an insulated RV garage with a 1/2 bath and a separate apartment with a kitchen, which is perfect for out of town guests. It’s not often you find a home with over 1/2 acre in Lake Oswego for this price! Click here to see the virtual tour and more pictures.
30 Days Later, the Short Sale Continues….
It has been 30 days since I told the lender that I wouldn’t move on the price and they have yet to give us an answer. The other buyer offered to increase their purchase price but their deal is still loaded with contingencies. I will continue to search for another home and hold on to hope. I still love this money pit.
Home Prices in Selected Cities
Check out this link from the New York Times to see how some of the nation’s largest city’s home prices have grown and then plunged since January 1, 2001. As of May 31, 2009, Portland’s home prices are down at -16.3%. We are one point lower than Seattle (-17%) which is a good thing!!! Portland was at an astounding +22.8% during the housing boom in March, 2006…
Still taking a big hit is Phoenix, Las Vegas, and San Francisco, ranking #1, #2, and #3, respectively.
