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 97035
February 2010 Market Action Report
Overall, sales in the month of February have improved in 2010 compared to February 2009. There was an 18.4% increase in closed sales, with a large 45% increase in pending sales. New listings also rose 12.4%.
February 2010 compared to January 2010 shows closed sales rose 2.9% and pending sales increased 20.5%. When comparing the same period to January-February 2009, we see that closed sales increased 26.7% and pending sales went up 34.7%.
When comparing inventory in the month of February 2009-2010, we see that the total number of months it would take to sell all active listings has gone down from 16.6 to 12.9 months. A good indication that real estate activity is picking up in the early part of 2010. If you would like more information about current tax credits, short sale incentives, and how you can capitalize on the 2nd quarter 2010 real estate market, please give me a call today!
New Program Offers Cash Incentives for Short Sale Homeowners
Starting April 5, the Obama administration plans to put a new program in effect that will help distressed homeowners. This program was created in response to the growing number of Americans facing foreclosure and need a way out. With this program, $1500 will be given to short sale homeowners who decide to sell their homes for less that what is owed. If a homeowner is in a situation where they have to sell, such as facing foreclosure, short sales can be a great answer. Currently, however, there are challenges for a short sale to close in a reasonable amount of time due to inadequate short sale standardization among banks, creating frustration for sellers, buyers, and lenders alike. In response, the program plans to also handout cash to the lenders in hopes to help expedite and standardize the short sale processes. If you are facing a situation where you are thinking about entering into a short sale transaction, please contact me today. To read the full article from NY Times, click here.
Oregon Metro Plans Public Transit from Downtown PDX to Downtown LO
While there are still many specifications to work out, Oregon Metro has plans for a Lake Oswego to Portland Transit Project which could open by the end of 2016. There are several different options being proposed, such as a No-build option, enhanced bus system, and a full-on streetcar option.
To read the full article click here
