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 | 2011 Portland Metro Market Action Report
2011 was an interesting year for real estate in the Portland Metro area. When comparing to 2010, closed sales rose 4%, pending sales rose 6% and new listings fell a HUGE 25%. Comparatively, however, the average sale price declined by 6.7% from 2010 to 2011.
So what could these numbers mean?
We’re seeing an incredible decline in new inventory coming on the market, which means there has been more competition amongst buyers. This competition does not, however, seem to be affecting sale price signifcantly. The undervalued distressed market also might be a factor in the decrease in new listings. Equity homeowners are realizing they will not sell their homes for the price they want when competing against undervalued distressed properties–so they postpone listing their home until it is essential.
While everyone is waiting for the economy to hit bottom before they buy, there are slight signs of hope on a month-to-month basis–which has everyone hopeful that 2012 could be the turning of the tides. The average sale price rose 0.5% from November 2011 to December 2011–an upward month-to-month trend that had been repeated several times in 2011.
With low interest rates and depleting inventories–now is one of the best times to search for your next home. Call me today to talk about your options.
Joelle Lewis | RE/MAX Equity Group Lake Oswego
503-407-8586
Lake Oswego Real Estate | Joelle Lewis | Portland Named One of America’s Best Downtowns
There’s so much to love about Portland. The Pearl District, Tom McCall Waterfront Park, Washington Park, Portland Timbers games, and so much more. Yahoo! Travel named Portland one of America’s Best Downtowns—-besides being a green city perfect for bikers and walkers alike—-Portland’s art, food, and beer scene were noted. Check out the article: http://travel.yahoo.com/p-interests-40804394
Joelle Lewis | RE/MAX Equity Group 5800 Meadows Rd. Suite 100 Lake Oswego OR 97035
503-407-8586 | Joelle@pdxhomeseller.com
Lake Oswego Real Estate | Lake Oswego Realtor
Lake Oswego Real Estate | Joelle Lewis | Lake Oswego Fire Department Open House
Learn about fire prevention and meet your local firefighters this weekend at the Lake Oswego Fire Department Open House tomorrow 11-2 at Main Fire Station, 300 B Avenue. Check out the fire station with a tour, basic medical presentations, and learn fire safety!
www.facebook.com/LakeOswegoRealEstate
Joelle Lewis | RE/MAX Equity Group
5800 Meadows Rd. Suite 100 Lake Oswego OR 97035
503-407-8586
Lake Oswego Real Estate | Joelle Lewis | Interesting Open House Raffle
Interesting prize for an open house…….. Malibu Realtor is giving away a Botox Raffle! In your opinion…… what prize would Oregonians like to win at an open house?????? http://realtormag.realtor.org/daily-news/2011/10/14/come-open-house-win-botox-injection
Joelle Lewis RE/MAX Equity Group
5800 Meadows Rd Suite 100 Lake Oswego OR 97034
503-320-5140 joelle@pdxhomeseller.com
Lake Oswego Real Estate | Joelle Lewis | Fall Home Checklist
Here are some helpful hints to get your home ready for Fall!
Fall is a great time to prepare your home for upcoming cold weather. With a few simple fixes, you can protect the value of your home and save money throughout the season!
Gutters
Removing debris from your gutters before winter can prevent standing water potential roof damage. The more frequently you clean, the less you will have to deal with decomposing leaves.
Yard
Surprisingly, Fall is a great time to both fertilize and re-seed your lawn. Use this time to prune shrubs and cute grass one more time to keep you yard looking neat and clean through the dormant season.
Trees
While the weather is still nice, trim and remove precarious limbs from trees and make sure branches are cut back from the house. Weighed-down limbs can break and potentially cause a lot of damage during the icy/snowy winter months.
Powerwashing
Now is a great time to brighten up driveways, sidewalks, decks and patios. If you haven’t already invest in a powerwasher and you’ll see how easy it is to make a huge impact on the outer beauty of your home.
Summer Storage
Clear a place in your garage or shed for any outdoor furniture that isn’t meant to be outside year-round. If you have items that are susceptible to pest damage (cushions, pillows), be sure to store them in a sealed bag.
Furnace
Inspect your furnaces and change the filters to boost efficiency and save money during winter
Windows
Inspect your windows for leaks….and repair, if necessary, to prevent heat from escaping when you need it most. Even a small leak can increase your monthly costs during winter.
Pipes
Check your pipes for insulation to prevent damage from freezing or bursting during icy weather. Turn off the outdoor water in areas you will not be using, such as your yard.
Joelle Lewis | RE/MAX Equity Group | 503-495-3876
5800 Meadows Rd. Suite 100
Lake Oswego, OR 97035
Lake Oswego, Lake Oswego Real Estate, Lake Oswego Realtor, Lake Oswego Luxury
Lake Oswego 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
Lake Oswego Real Estate | Joelle Lewis | July 2011 Market Action Report
On an annual basis–July 2011 is showing signs of a turning market with an increase in both pending & closed sales. Inventory is also down to 7 months–followed by June 2011′s 6 month inventory–this could be the signal buyers are waiting for. The market is picking up. Sales price from June – July 2011 also rose 3%. These are promising signs that now is the time to buy with interest rates at record lows.
For the full report or to talk about why now is a great time to buy contact me.
Source: RMLS
Lake Oswego Real Estate | Joelle Lewis | RE/MAX Equity Group 503-495-3876
Lake Oswego 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
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
