About Me
I am a top ranked agent serving the Portland area for over 23 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. -
Lake Oswego is Drawn Down–LOIS project begins
The lake has been drawn down. The necessary man hold and pipe replacement project is in full swing. It’s been the lowest draw down since 1980. Here’s a before-and-after I took of the lake–so you can see the full effect. The lake is scheduled to begin refilling in January 2011. For websisodes and updates, visit www.lakeinterceptor.com
New Construction Rises in August
New construction might be ready for a comeback-at least in the arena of condo/multi-family units. August showed an increase for condo/apartment building permits by 32%, while single-family rose by 4%. Overall, there was a 10% increase in building permits from July-August.
For the full article by NPR, click here
Stunning Home of the Week in Lake Oswego
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Top 10 Reasons to Buy a Home Right Now
A recent article was published from the Wall Street Journal–and it’s a positive one !Right now is an amazing time to buy. Here’s an excerpt:
“Enough with the doom and gloom about homeownership.
Sure, maybe there’s more pain to come in the housing market. But when Time magazine starts running covers that declare “Owning a home may no longer make economic sense,” it’s time to say: Enough is enough. This is what “capitulation” looks like. Everyone has given up.
After all, at the peak of the bubble five years ago, Time had a different take. “Home Sweet Home,” declared its cover then, as it celebrated the boom and asked: “Will your house make you rich?”
But it’s not enough just to be contrarian. So here are 10 reasons why it’s good to buy a home.”
For the top 10 reasons, click here
Market Action Report August 2010
It’s finally true! In the Portland Metro area, the average sale price rose slightly by 1% from August 2009-2010 and also from July 2010-August 2010. Every little bit counts… right?
Contrastingly, pending sales were down by 21% and closed sales down 25% from August 2009-2010. When comparing year-to-date sales, however, Jan-Aug 2010 has seen an increase of 14.7% in closed sales when comparing last year during the same period.
Source: RMLS
Rock Bottom Mortgage Rates
Mortgage rates have hit a new record low for the 10th time in 11 weeks as investors continue to turn to Treasury bonds as a safe haven; the shift in money is cutting yields, which mortgage rates tend to follow.
Freddie Mac reports that 30-year fixed loans averaged 4.32 percent, down from 4.36 percent a week ago; and the 15-year fixed rate fell to a new low of 3.83 percent, down from 3.86 percent.
Lake Oswego: Additional Traffic from Sewer & Dam projects around Sept 15
The Lake Oswego Corporation is planning some dredging of the Lake around September 15th, and the ongoing sewer replacement project along with the modification of the main dam will create additional truck traffic:
Trucks will be entering West Bay via Bryant Road; traffic on Bryant road, Near the access point will be restricted to one lane with a flagger. Another truck access will be located on Oswego Canal where Wren and Cardinal meet, ending on the south side of the Bryant Road Bridge near Pioneer Court.
Trucks will also be accessing just off south Shore adjacent to the SE corner of the bridge and via property at the corner of Wren Street and Cedar Road.
Additional truck access will be vial a road entering the Lake at Alder Point.
The project is expected to last no more than six weeks.
Source: Lake Oswego Corporation
