Local home sales surge in March

Portland area home sales shot up in March, driven in part by a federal tax credit worth up to $8,000 to first-time buyers and $6,500 to move-up buyers.

There were nearly 52 percent more sales in March than a year ago and a whopping 77.2 percent more sales than in February, according to Regional Multiple Listing Service figures released Friday.

Compared to a year ago, pending sales increased 46.7 percent and new listings increased 35.3 percent.

The inventory of unsold homes dropped to 7.8 months from 12.9 months in February and 12 months a year ago. The figure refers to the amount of time it takes to clear out the inventory of unsold homes at the current pace of sales. A six-month level is considered healthy.

The inventory of houses for sale in Clark County dropped substantially in March as home sales improved, according to Portland-based RMLS. A 7.7-month supply of homes was listed in March, which was down from an 11.6-month supply in February

Local real estate agents attribute the shrinking inventory to higher demand for houses, as first-time and move-up home buyers rush to take advantage of low mortgage interest rates and tax credits set to expire April 30.

According to RMLS, when comparing the week of April 5 – April 11 with the week prior, the number of times an RMLS subscriber opened a Supra lockbox increased 33% in Washington and 26.6% in Oregon. Activity is on the rise as we move into the Spring season.

Join us for an interview with Kim Dittler in the next Online Training series webinar

Join us for an in-depth interview with Kim Dittler, of the Lake Oswego branch. Kim was recently named one of the National Association of REALTORS “30 Under 30” rising stars in the industry and she will be sharing her secrets to success and discuss how she is meeting the challenges of our current market head on.

Thursday, April 22 from 10:00 – 11:00 am. Register here.

The challenge is on!

The Columbia Tech Center office takes on the Clark County Northwest office in a challenge to see who can collect the most new underwear for donation to local homeless youth. The contest runs from April 15 to May 15 and all donations will be given to Transitional Youth, the non-profit organization founded by Prudential Northwest Properties president, Bert Waugh Jr. The winning office gets bragging rights and the satisfaction of knowing they are helping homeless youth. The losing office also gets satisfaction in helping street youth … and they have the honor or presenting the winning office with a photo of themselves in their underwear (over their pants, of course!). Stay tuned for progress reports … this is going to be a fun one!

David Somerville named QSC Agent of the Month!

QSC, quality serviceCongratulations to Lake Oswego’s David Somerville for receiving national recognition as Agent of the Month by Quality Service Certification, Inc!  

David was selected for this honor from among QSC’s 22,000+ members nationwide. He has attained an almost flawless record of consistently earning 100% client service satisfaction ratings on satisfaction surveys administered by Leading Research Corporation. David has achieved Quality Service Certified® Platinum status, representing the highest level of service achievement in the real estate industry, and late last year, he was also recognized as one of the Best of the Business, an honor bestowed on the top 250 real estate service providers in North America.   

100% service satisfaction like David and many of our agents have achieved is fantastic. Kudos to you, David! We’re proud you’re on the Prudential Northwest Properties team!

Nationwide Open House weekend – April 10 & 11th

In recognition of April as National Fair Housing Month, the REALTOR® Nationwide Open House event this weekend will provide residents throughout the country a chance to walk through a large number of homes as the home buying season officially kicks off.

With interest rates remaining at historically low levels and average home prices as low as they have been in five years, home buyers still have time to take advantage of the $8,000 federal tax credit available for first-time buyers, as well as a $6,500 credit for current home owners who are under contract on a new home by April 30.

Visit www.prunw.com to search Open Houses and plan your tour this weekend!

Texas Hold ’em fundraiser moves to May 15th – register now!

Put on your poker face and join us at the Red Lion on the River on Saturday, May 15th for a Texas Hold ’em tournament to benefit Transitional Youth.

$100 buy-in / $50 add-on / $50 re-buy

Top 20 players get to pick their prize – a week stay in Cancun, a $750 Visa card, and many more to choose from!

This will be a quality game run by the professionals at Wild Bill’s and will include casino-style Hold ’em tables, casino quality chips, professional dealers and tournament director, complete blind and timing structure.

Snacks and beverages will be available for purchase on-site.

Download registration and info here.

Paid registration must be received by April 12, 2010. Questions? Contact Aaron Dalgord at 360-601-1718 or adalgord@prunw.com.

Portland ranks #2 as bike-friendly city

Only time will tell if Portland’s plan to spend $613 million over 20 years on new bike paths and other bicycling infrastructure needs will change the city’s ranking on Bicycling magazine’s list of America’s top 50 bike-friendly cities.

For the 2010 list, Portland ranks No. 2, behind Minneapolis. Rounding out the top five cites are Boulder, Colo.; Seattle; and Eugene. Salem ranked No. 19.

Read more: Portland ranks No. 2 as bike-friendly city – Portland Business Journal:

Lucy King named Jaycees Woman of the Year!

Congratulations to Lucy King for being named McMinnville Jaycees Woman of the Year in 2009!

Lucy has been a successful real estate Broker in McMinnville for 14 yrs and has been active on the Oregon Association of Realtors’s Professional Standards and Practice committee for 3 years, where she currently serves as Chairperson.

She has also served as Treasurer and on the audit committee for the Yamhill County Assoc. of Realtors and was recently appointed to the Board of Property Tax Appeals in Yamhill County. Lucy takes great pride in her knowledge & work ethic and has obtained the following special designations so she can better help her clients:   

GRI – Graduate of Realtors Institute        

ABR – Accredited Buyers Representative 

SRES – Seniors Real Estate Specialist

SFR – Short Sales & Foreclosure Resource Certification

Lucy, thank you for your long term commitment to giving back to your community and delivering exceptional service to your clients. We’re proud to have you on the Prudential Northwest Properties McMinnville team!

You could win a week stay in Cancun in the Transitional Youth Texas Hold ’em Tournament April 17th!

Or a $750 Visa card! Prizes will be given to the Top 20 players and this tournamant will be run by the pros at Wild Bill’s and will include casino-style Hold ’em tables, casino quality chips, professional dealers and tournament director, complete blind and timing structure.

$100 buy-in / $50 add-on / $50 re-buy

Saturday, April 17th from 1:00 – 6:00pm

Red Lion on the River, 909 N Hayden Island Drive, Portland, OR 97217

Snacks and beverages will be available for purchase on-site. Download registration and info here.

Paid registration must be received by April 12, 2010. Questions? Contact Aaron Dalgord at 360-601-1718 or adalgord@prunw.com.

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