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
5800 Meadows Road, Suite 100
Lake Oswego, OR 97035
Portland Real Estate | Joelle Lewis | Relief Foundation Created after 9/11
Many have been touched this week with stories from 9/11. One that I found special to my profession is a story of the REALTORS Relief Foundation–created September 12, 2001 to help victims of 9/11 stay in their homes. Since then, REALTORS have given $22M in financial relief to victims of disasters.
To view the full artcile, go to: http://www.realtor.org/topics/relief
Portland Real Estate | Why Buying is Cheaper Than Renting in Most Cities
You’ve heard it before… but it just makes more sense to buy than rent! Leave out wasting your money, not owning the four walls around you & the sense of freedom it brings you—this market is the most affordable and prime time to buy we will probably ever see in our lifetimes!
Check out CNN Money’s article on the issue:
http://money.cnn.com/2011/08/16/real_estate/buy_rent/index.htm?section=money_realestate
Joelle Lewis | RE/MAX Equity Group | Lake Oswego | 503-407-8586
Portland Metro Real Estate | Information for Distressed Homeowners: Short Sales vs. Foreclosure?
Which hurts your credit more–short sales or foreclosures? Distressed property owners should know how long they may have to wait to improve their credit and buy their next home when weighing those options. Check out this NY Times article to find out more:
Joelle Lewis RE/MAX Equity Group 503-407-8586
Portland Metro Real Estate | Current Mortgage Rates Best of 2011
Now is the time to get an amazing deal on a house, oh and by the way… an amazing rate on your mortgage. Now is the time to buy!
According to Freddie Mac, their rates fell to 4.63%–the lowest of 2011.
For the full article, visit: http://www.oregonlive.com/business/index.ssf/2011/05/mortgage_rates_fall_to_lowest_1.html
Joelle Lewis, RE/MAX Equity Group 503-495-3876
Portland Metro Real Estate: Portland Metro March 2011 Market Action Report
While sales activity was down in March 2011 compared with March 2010, activity increased compared to the previous month of February 2011. Additionally, inventory in the Portland metro region was 0.7 months lower than March 2010, reaching the lowest inventory level for the area since May 2010. Closed sales were down 10.2% in March 2011 compared to March 2010. Pending sales were down 16.2%, and new listings dropped 38.7%. See residential highlights table below. Comparing February 2011 with March 2011, closed sales jumped from 1,074 to 1,615 (50.4%). Pending sales also increased from 1,592 to 2,014 (26.5%). New listings grew from 2,883 to 3,056 (6%). At the month’s rate of sales, the 11,458 active residential listings would last about 7.1 months.
Sale Prices
Average sale price for March 2011 declined 6.8% compared to March 2010. Median sale price also fell 10%. See residential highlights table below. Month to month, comparing February 2011 to March 2011, sale prices increased. Average sale price went up from $244,500 to $261,100 (6.8%) while median sale price also increased from $213,700 to $215,000 (0.6%).
First Quarter Report
Comparing the first quarter of Additionally, the average sale price fell 9.2% ($252,800 v. $278,300), and the median sale price dropped 9.5% ($215,000 v. $237,500).
2011 with the same period in 2010, sales activity was down. Closed sales decreased by 1.5% (3,834 v. 3,892). Pending sales went down by 11.9% (4,915 v. 5,576), and new listings fell 29.8% (9,172 v. 13,072).
Source: RMLS
Portland Monthly: Neighborhoods by the Numbers
Lake Oswego has one of the best real estate markets for its population size. Portland Monthly issued its annual Neighborhood by the Numbers report that shows updates in the real estate market throughout the Portland Metro area. It shows real estate measurements such as average sales price, median home price change, and average days on the market. The report also shows information on schools, crime rates, demographics, and community information.
Check the report out, and find that Lake Oswego was one of a few neighborhoods with lowest median home price change.
http://www.portlandmonthlymag.com/real-estate/articles/neighborhoods-by-the-numbers/
How did the real estate market of 2010 compare to 2009?
How 2010 measured up to 2009
The year’s highlights for Single Family Homes in the Portland Metro Area:
Sales: 18,926 sold in 2010 vs 18,955 in 2009: no appreciable change (up 0.1%).
Pending Sales: 19,498 in 2010 vs 19,921 in 2009: down 2.2%.
New Listings: 45,691 in 2010 vs 44,357 in 2009: up 2.9%.
Average Price: $282,100 in 2010 vs $289,900 in 2009: down 2.6%.
Median Price: $239,900 in 2010 vs $247,000 in 2009: down 2.9%.
Total Market Time: 132 days in 2010 vs 141 days in 2009: down 6.8%.
Interesting Facts:
*Total sales volume for 2010 was $5.3 Billion, down from $5.5 Billion
Source: RMLS
Want to know how your home measures up in 2011? Call me today for a complimentary Comparitive Market Anaysis!
How did the real estate market of 2010 compare to 2009?
How 2010 measured up to 2009
The year’s highlights for Single Family Homes in the Portland Metro Area:
Sales: 18,926 sold in 2010 vs 18,955 in 2009: no appreciable change (up 0.1%).
Pending Sales: 19,498 in 2010 vs 19,921 in 2009: down 2.2%.
New Listings: 45,691 in 2010 vs 44,357 in 2009: up 2.9%.
Average Price: $282,100 in 2010 vs $289,900 in 2009: down 2.6%.
Median Price: $239,900 in 2010 vs $247,000 in 2009: down 2.9%.
Total Market Time: 132 days in 2010 vs 141 days in 2009: down 6.8%.
Interesting Facts:
*Total sales volume for 2010 was $5.3 Billion, down from $5.5 Billion
Source: RMLS
Want to know how your home measures up in 2011? Call me today for a complimentary Comparitive Market Anaysis!
Bank of America Splits its Foreclosure Department
In an effort to expediate foreclosure claims, and help service the clients that are current on their mortgage–B of A has decided to create a seperate foreclosure unit. B of A has been taking the lead when it comes to properly service distressed homeowners in the last 6 months, being the first of the mega-banks to put a hault on foreclosures when there was some speculation about the process.
Could this mean a faster, more efficient process for distressed homeowners, or buyers wishing to buy a bank-owned property? Let’s hope so.
For the full article, go to:
http://abcnews.go.com/Business/wireStory?id=12844023
Portland Metro Market Action Report: December 2010 & Annual Stats
Looking at the Portland Metro area market in 2010, December continued the trend of decreased activity toward the end of the year. However, closed sales underwent an uptick in December, reaching the highest monthly level since June. Inventory also saw its lowest level since June. Closed sales were down 2.9% compared to December 2009, but pending sales were up 6%. New listings dropped 8.5%. Comparing the previous month of November 2010 with December 2010 shows closed sales jumped from 1,279 to 1,462 (14.3%). However, pending sales fell from 1,426 to 1,210(-15.2%), and new listings dropped from 2,437 to 1,925 (-22.2%).
The average sale price for December 2010 declined 5.2% compared to December 2009. The median sale price also fell 5%. Month to month, comparing November 2010 to December 2010, the average sale price went up from $271,900 to $278,000 (2.2%) while the median sale price dropped from $233,000 to $230,000 (-1.3%). For 2010, average sale price dropped 2.7% compared to 2009, and median sale prices fell 2.9%.
When comparing activity in 2010 with that of 2009, closed sales dipped 0.2%. Pending sales were 2.1% lower, but new listings were up 3.0%. Total sales volume for 2010 was $5.3 billion, down from $5.5 billion in 2009.
Source: RMLS
For the full report, email me!
