Portland Metro Market Stats – December 2011 & Year End

The latest RMLS Market Action report for the greater Portland Metro area shows closed sales rose 4% and pending sales increased 6% when comparing overall activity from 2010 with that of 2011. For the year, the average sale price dropped 6.7%, from $282,100 to $263,300, and new listings were down 25.4%.

When comparing December 2011 to December of 2010, closed sales were up 10.3%, pending sales increased 19.3% and new listings were down 11.7%. At December’s rate of sales, it would take approximately 5.3 months (the shortest time period in recent years) to sell the 8,612 active residential listings on the market.

Portland Market Action Dec 2011

To track market trends in your area, sign up for our exclusive Market Tracker report or contact a Prudential Northwest Properties real estate broker today.

Southwest Washington Market Stats – December 2011 & Year End

The latest RMLS Market Action report shows closed sales are up 4.6% in Clark County when comparing annual activity in 2010 with that of 2011. Pending sales rose 7.9% and new listings fell by 11%.

When comparing the month of December 2010 to December of 2011, closed sales increased over 14%.

Inventory level stands at 6.5, meaning it would take 6.5 months to sell the 2,590 current active listings at the current sales pace if no new listings became available. Six months of inventory is considered a balanced market.

SW Washington Market Action Dec 2011

To track market trends in your area, sign up for our exclusive Market Tracker report or contact a Prudential Northwest Properties real estate broker today.

Information courtesy of RMLS.

Kudos to Jason Waugh, Forty Under 40 Award Winner!

Jason Waugh

Jason Waugh, Prudential Northwest Properties President & COO

Congratulations to Prudential Northwest Properties President Jason Waugh, a 2012 recipient of the Portland Business Journal’s Forty Under 40 Award!

Jason joins a short list of local business leaders under the age of 40 who are being recognized for their impressive accomplishments, community involvement and professional success. He will be honored at a special awards luncheon next month.

Jason, we’re very proud of you. Congratulations on this well-deserved honor.

Click here for the complete list of award winners.

We’re Proud of Vicki Glasow and David Gasser

Vicki Glasow

Vicki Glasow, Clark County Association of REALTORS 2012 President

Vicki Glasow, a broker in our Clark County Northwest branch office, was recently sworn in as Clark County Association of REALTORS 2012 President. David Gasser, of the Columbia Tech Center branch, is now serving as CCAR Director.

Vicki and David, thank you both for the professionalism and dedication you bring to our industry and our company. You make us proud!

Read the Columbian article here.

Join Us for Our 20th Annual Ski Night @ Mt Hood Meadows on Feb 3rd!

Skiers, boarders and lodge-loungers … round up your friends and family and join us for Ski Night. The more, the merrier!

Ski Night

Ready to hit the slopes at Ski Night!

This is a great opportunity to get to know other members of the Prudential Northwest Properties & Columbia Mortgage team and have some fun slope side … or fireside!

Lift tickets are valid from 3:00 – 9:00. Take advantage of our group pricing on lift tickets, rentals and beginner lessons, and ride up on the FREE Columbia Mortgage Ski Bus too. A big shout-out to Columbia for sponsoring the bus once again!

Click here to download a registration form with all the details.

We hope you can join us on February 3rd. If you have any questions, please call Sandy at 503.350.7228 or email marketing@prunw.com.



Lake Oswego branch brings Christmas joy to local family

giftsIn an effort spearheaded by brokers Marilyn Mason and Steve Oleson, the Prudential Northwest Properties Lake Oswego branch office adopted a family in need for Christmas. Gifts of coats, shoes, toys, money, gift cards, food baskets, and clothing brought unexpected joy to four kids and their mother.

Here is an excerpt from a thank you note Steve received from the mother:  “We thank you all from the bottom of the hearts; I couldn’t have done this without you. It has been a very hard year financially as well as personally. Words cannot begin to describe how much your help was appreciated. Your gifts provided us with a delicious Christmas dinner, and left my children smiling. It is truly a blessing to have amazing people around like you.”

To everyone who participated in brightening the holidays for this family, and for so many others in the communities we serve, we thank you for your generosity. You make us proud.

Kitchen Upgrades to Give Your House an Advantage over the Competition

Stainless steel appliancesWhether they are entertaining, creating new recipes or sharing culinary ideas with their spouses, today’s homeowners are spending more time in the kitchen than ever before. Not only can an updated, professional looking kitchen make food preparation easy and even enjoyable, spending some time and money in the kitchen before listing your home for sale is a great way to get buyers interested in your home.

The first step in making sure your kitchen is up to par is to upgrade to more durable products such as stainless steel kitchen sinks, refrigerators and ovens. Not only does stainless steel resist scratches, it is also easy to maintain.

Stainless steel, as it is a neutral color, is easy to match with just about any modern kitchen décor. These appliances usually come in a high-shine, mirror finish or a less bright, but still beautiful, brushed stainless steel finish. Stainless steel can withstand very hot and very cold temperatures, making the material ideal for appliances. Unlike plastic or ceramic, stainless steel does not break easily, even if dropped. Stainless steel may dent, but it will not shatter or chip the way other materials will.

Some home designers recommend wood cabinets as a way to contrast, complement and even add a warm, organic element to kitchens with stainless steel appliances. A nice backsplash can also do wonders.

For those looking for rich color along with durability, cast iron is a good alternative for sinks. If you have the room, you may want to think about adding additional sinks. Not only will multiple sinks simplify the cooking process, it also allows for better cleanup and organization.

Another great amenity for the kitchen is a pot filler, or an extendable faucet that can be installed next to your stovetop or prep sink for easy water access.

For the home chef who wants a professional place to cook, granite and quartz are the leading choices for countertops, especially for pastry chefs seeking an expansive workspace and a cool surface for rolling out dough.

If you’re looking to make food preparation even easier, movable cutting boards, rinsing baskets and various trays and receptacles will help get the job done quickly and properly.

Whether you’re updating your kitchen for your enjoyment or to help your house stand out among the competition, these ideas can do wonders in opening up the eyes of a potential buyer. To find a reputable contractor to assist you with a kitchen upgrade, please visit www.HomeServicesNW.com or call 1-877-231-3210 for assistance.

Kudos to Newberg’s Beth Keyser for sharing the spirit of giving

Beth Keyser

Beth Keyser

When Prudential Northwest Properties real estate broker Beth Keyser heard about a local family whose home was burglarized shortly after they moved to Newberg, she jumped into action and organized a drive to help replace the items stolen.

The family had moved from New Jersey shortly after the father lost his job as a police officer and the mother lost her job as a county employee. Their youngest child has expensive medical needs, so Beth felt, “we can’t over bless them.” Word spread quickly throughout Newberg and local churches and strangers at the grocery store started donating … Santa even came into the picture and delivered a bag of goodies for the kids that filled up their whole living room with presents!

“That’s what Christmas is all about,” says Keyser, “it’s about helping and loving and sharing. My family has enough.”

Beth, thank you for making such a difference in the lives of this family, and for organizing such a wonderful community wide giving effort. You make us all very proud.

Happy holidays to all!

Portland Metro Market Stats – November 2011

The latest RMLS Market Action report for the greater Portland Metro area shows a slight increase in sales price when comparing November 2011 to the prior month. Average price rose to $259,400 and median price increased 3.3% to $225,000. Closed sales were up 18.9% when comparing November 2011 to November 2010. Looking at January – November 2011 and the same period last year, closed sales are up 3.4% and pending sales are up by 5.3%. Inventory currently stands at 6.2 months, the lowest in the last three years and four months lower than at this time last year. With mortgage rates at historic lows, this is a great time to buy a home.

Portland Metro Market Action Nov 2011


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