The wait is over! Lake Oswego is officially a few inches below full. Just in time to get your boat out on the water for Memorial Day weekend! Stay tuned for what the LOIS improvements will mean to you as a homeowner.
Joelle Lewis, RE/MAX Equity Group 503-495-3876
Here’s some silver lining for the current real estate market–prices went up on a month-to-month basis! With increased buyers and continually decreasing inventories–the average prices nudged up from March 2011-April 2011 by 2.4%. Median sales price also went up 2.3%.
On the other hand, closed sales went down month-to-month as well as annually. Pending sales were also down from March 2011, and April 2010.
The most significant item to note is inventories are remaining low. When comparing inventories in months with 2009, 2010, and 2011–year-to-date 2011 has the lowest listing counts. This means while prices are still great, interest rates are still great–the ”best” home may go very quickly with many people looking to find that perfect deal.
Data Source: RMLS
Joelle Lewis, Principal Broker RE/MAX Equity Group 503-495-3876
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 people!
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
Speak up!
There will be a community open house on May 25th to discuss the future of new housing and jobs in the local area. Feel free to drop by between 4-8pm to make your voice heard.
It will be held at the West End Building located at 4101 Kruse Way Lake Oswego, OR 97035.
For more information visit http://www.welovelakeoswego.com
Source: Hello L.O.
Joelle Lewis, RE/MAX Equity Group 503-495-3876
Now until October 8th, the Lake Oswego Farmers Market will be held from 8:30am to 1:30pm every Saturday at Millennium Plaza Park. There will be an opening day celebration with musical entertainment from 10:30am to 12:30pm.
Also please join the Lake Oswego School District Foundation in celebrating their 25th anniversary of supporting local teachers and schools. Bring your LOSD t-shirts and gear to support the event! There will be interactive booths at the Farmers Market, in addition to President John Stirek’s commemoration at 10:45am.
There will be varity of fresh produce, flowers, meats, cheeses, and of course refreshment vendors. Get out in the good weather and take in the local scene!
Source: Hello L.O.
Joelle Lewis, RE/MAX Equity Group 503-495-3876
Now through May 16th you are able to cast your vote for your favorite sculpture in the City of Lake Oswego’s permanent art collection. The Gallery Without Walls exhibit is featuring five pieces of rotating sculpture. Ballots are available at the Lake Oswego City Hall, the library at The Lake Oswego Review, and online at www.artscoucillo.org.
The winning sculpture will be purchased by the City of Lake Oswego!
Source: Lake Oswego Review
Joelle Lewis, RE/MAX Equity Group 503-495-3876
According to the NATIONAL ASSOCIATION OF REALTORS, existing home sales have risen in most states. 22 percent of major metropolitan areas saw price increases compared to the same period one year ago. There was a 8.3% rise in total existing home sales, with both single-family and condos, when comparing 1st quarter of 2011 to 4th quarter of 2010.
Prices are still a major factor as distressed properties affect major markets. Comparing the first quarter of 2011 to 2010, there has been a 4.6% decrease.
With interest rates still low (4.5% as of yesterday!) this is still an excellent time to buy. Lake Oswego real estate has never been more attractive with rates and prices at an incredible lows.
Call me today for a complimentary buying or selling consultation.
Joelle Lewis, RE/MAX Equity Group 503-495-3876
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5800 Meadows Road, Suite 100, Lake Oswego, OR 97035
