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
Mini Housing Boom
While we are on the topic of rising home sales and the first time home buyer tax credit, check out this article from msnbc…..
http://www.msnbc.msn.com/id/33448199/ns/business-real_estate/
Hot New Listing
Located in SW Portland, this newly remodeled home has 5 bedrooms (4 of which are suites), 4 1/2 bathrooms, and 5,240 square feet. The home boasts 5 fireplaces, a chef’s kitchen with Viking appliances, cherry cabinets, granite slab countertops, library, game room, two story dining room, wine cellar, an outdoor patio area complete with a fireplace and ceiling fan, and a pool with a hot tub. This home has it all!
The home sits on 1/2 an acre and has gorgeous sunset views
CLICK HERE TO SEE THE VIRTUAL TOUR
First Time Home Buyer Tax Credit is Coming to a Close
The first time home buyer tax credit is coming to an end on at midnight on November 30th.
This credit has been a key ingredient in stabilizing the market. The National Association of Realtors estimates that up to 2 million first-time home buyers have taken advantage of the tax credit this year and that about 350,000 sales would not have happened without it.
Additionally, the median existing home price of August was down 12.5% but earlier this year, it was down nearly 20%. Sales are rising.
While multiple bills have been drafted by Congress trying to extend the tax credit or raise the amount, none have been successful…..yet.
Momentum is slowly building in support of extending this credit and I truly believe that if everyone sends just one letter to your local Representative or Senator. After all, what is more encouraging than some good old consumer demand?
September Market Action Report
The numbers are in for September and we are starting to see some improvement from last year. This past month, pending sales were up 34.1% and closed sales rose 9.8%. The one downside is that new listings fell 14.3%.
Compared to August, 2009, pending sales have increased 6% but closed sales have dropped 2.2%.
The average sale price for September 2009 was down 8% compared to September 2008, while the median sale price declined 9.6%.
The Portland Business Journal also commented on the increase we are seeing click HERE to view the article.
Lake Oswego/West Linn still remains high in active listings and has the highest average sale price of $551, 300. This beats West Portland by $88,000!
Click on the image to see the Portland Metro area highlights.
Hot New Listing
Located in Forest Grove, this home is nestled on a 30,000 s.f. lot.
The 4,443 square foot, 5 bedroom 4 1/2 bathroom craftman style home has a main level master bedroom, gourmet kitchen with island, two story great room with with a deck, a large media room, and beautiful hardwood floors.
There is a detached garage with a shop that has an unfinished space for a home office or guest suite.
CLICK HERE TO SEE THE VIRTUAL TOUR
Portland on YouTube
This video shows what puts this great city on the map: coffee, bridges, Powell’s, the coast, Mt. Hood, art, wine beer, and more coffee. Almost makes you forget about the rain!
RE/MAX Launches Mobile Website
In addition to recently launching the Audio Home Finder, RE/MAX equity group just announced a new, simple method for buyers to get information on a home. It’s the RE/MAX mobile website: www.equitygroup.com. The mobile version of RE/MAX equity group’s website is built specifically for cell phones and other mobile browsers. The site allows consumers to search all real estate listings from RMLS and WVMLS, in addition to broker’s open houses. Simply go to the site, enter the RMLS number or street address, and the results will automatically be populated on the phone.
The best part about this is that because it is not an application, it is not limited to specific devices, nor does it require any downloads.
For those that don’t have a web-enabled cell phones, the Audio Home Finder works great. Interested buyers can simply enter the number that is on the ‘For Sale’ sign in front of the home, and instantly receive the home specs and price. Email me and I can get you started.
Portland Metro Market
This chart is great. It shows the average sale price and number of homes in 3 categories: unsold spec homes, new net sales, and average pricing by month.
Click on the chart to enlarge….
Home Price Reduction Levels Rise for the Fourth Consecutive Month
Trulia Inc, a real estate search engine that provides real estate information at a local level, has just announced that 26% of homes that are currently on the market in the U.S. have experienced at least one price cut. Additionally, the average discount for price-reduced homes remains at 10% off the original listing price.
Right now, the average listing price for Portland is $415,559 (for the week ending Sept. 16) and the median sale price from June to August ‘09 is $260,000.
Click here to read the full article.
August Market Action Report
In August, sales activity in the Portland metro area continued to outpace last year’s same-month sales totals. Pending sales were up 13% and closed sales rose 4% compared to August of 2008.However, new listings fell 14.1%. Unfortunately, inventory is still 21.2% below August 2008.
Closed sales dropped 7.4% compared to last month and pending sales fell 0.7%. New listings dropped 3.3% since July.
Click here to see the full report.
