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 Real Estate | Market Action Real Estate Report June 2011
Portland Metro area has had a substantial 23% increase in pending sales compared to June 2010. Closed sales were only down 2.7% and new listings down an incredible 22%–June marked the lowest inventory in months since July 2007!
Lake Oswego’s pending sales were only down 0.7% from June 2010, while closed sales were down 10%.
The biggest item of note was that pending sales are still going up, despite low inventories. What does this mean?? Perhaps the tides are changing and homes are selling quicker? Perhaps buyers are moving off the fence and realizing its a great time to buy? These signs are encouraging despite a 7.8% average sale price decrease. It shows that there is more competition for buyers out there and sellers & banks are holding on to their homes rather than putting them on the market.
For all you buyers out there–you have to be quick to get a good deal. Sellers–now is a good time to sell with inventories moving so quickly.
For the full report: http://www.rmlsweb.com/v2/public2/loadfile.asp?id=5879
Joelle Lewis RE/MAX Equity Group 503-495-3876
Lake Oswego Real Estate | Walmart is Coming to Lake Oswego
The grocery giant is coming to Lake Oswego, in the old Wild Oats building on Jean Way. What does this mean for the Lake Oswego community and real estate? A lot of things actually.. It means more jobs in the area, lower prices, and convenience..considering the nearest Walmart is in Happy Valley. But this also means a hit to small-businesses, more traffic for the homes near the future Walmart, and bringing a corporate giant to Lake Oswego’s small-town feel.
I’m sure there is both support and protest for the decision… the only thing we know for sure is that the grand daddy is coming.
Check out the review’s article:
http://www.lakeoswegoreview.com/news/story.php?story_id=131059368199991900
Lake Oswego Real Estate | Information for Distressed Homeowners: Short Sale 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
