Kudos to West Portland’s Managing Principal Broker David Sly on graduating from the Oregon/Washington Association of REALTORS® Leadership Institute Northwest program. In addition to this new distinction, David holds the e-Pro, GRI, SFR and AHWD designations. Launched in 2004, the Institute is a training and development program for emerging REALTOR® leaders. David, we appreciate the leadership skills and positive influence you bring to Prudential Northwest Properties, the Association and the real estate profession as a whole. You make us proud!
The latest RMLS Market Action report for Clark County, Washington shows an increase in average sale price of 5.6% from August to September of 2011, with the average price at $218,700. Closed sales fell 6.8% and new listings decreased 11.9%. Comparing the third quarter of 2011 with the same period in 2010, closed sales rose by 34.9%, pending sales were up 33% and new listings were down 10.4%. Based on September’s rate of sales, the 2,995 active listings would last about 6.8 months. The average time on market stands at 138 days, which is about the same as this time last year.
In Cowlitz County, 39 new listings hit the market in September and the average sale price came in at $165,900, with an average market time of 133 days.
RMLS has released the latest Market Action report for the greater Portland Metro area. The news is mixed… comparing the third quarter of 2011 with that of 2010, closed sales were up by 21.5%, pending sales increased by 21.6% and new listings fell by 27.6%. Average sales price dropped from $271,800 to $268,200 (down 1.3%) while median sales price increased from $225,000 to $230,800 (up 2.6%). Inventory stands at 6.7 months, which is up slightly from August, but remains much lower than the numbers in 2009 and 2010. Six months of inventory is considered a balanced market. With interest rates around 4%, it’s a great time to buy property.
Prudential Northwest Properties Chairman of the Board and founder of Transitional Youth, Bert Waugh Jr., was on the airwaves and the phone bank at today’s Transitional Youth Radiothon. TY hopes to raise awareness and money to help feed local homeless youth. It only takes $42.25 to feed 25 youth a hot meal.
Call 503-239-4357 or donate online at www.TransitionalYouth.Givezooks.com.
To learn more, visit www.TransitionalYouth.org.
Join your Prudential peers for a special event focused on helping you blast into a successful 2012!
Jim Mallozzi, Chairman & CEO of Prudential Real Estate and Relocation Services, Inc. will be one of our special guests. You’ll also have an opportunity to engage with an interactive panel of your peers and network with your fellow brokers. Additional guests and details will be announced soon…
Download the registration form here. We look forward to seeing you there!
Wednesday, Nov 16 from 8:30am – 2:00pm at the Red Lion Hotel on the River (click here for directions).
Kudos to Jason for your participation in the NAR Power Broker Roundtable discussion about the future of the real estate industry. It’s good to know Prudential Northwest Properties is well-positioned for a strong future.
Here’s a summary of the market trends in Lake Oswego’s 97035 zip code. If you would like to see current real estate activity & trends in your area, please click the MARKET TRACKER graphic to the right of this screen.
Enter your name, email address and zip code … your information will remain private and only be used for the purpose of sending you this automated report.
Maintaining a healthy home means promoting a healthy lifestyle, but some Americans aren’t aware of the important role indoor air plays in creating a healthy home. In fact, nearly half of Americans (49%) believe indoor air quality has little to no impact on overall health, according to an online indoor air quality consumer survey conducted by Harris Interactive.
The truth is that improved indoor air quality can lead to a healthier lifestyle for you and your family. The good news is that there are simple steps you can take to improve the air quality in your home and your overall quality of life. If you are remodeling or building your home, there are several changes that can minimize contaminants and improve the air you breathe inside your home.
According to the study, Americans are more likely to improve air quality by making temporary changes—cleaning carpets, using cleaning products that promise to reduce pollutants and cleaning and/or disinfecting ducts. However, there are things that can have a longer lasting affect such as:
-Keeping your house mold-free. Mold spores produce allergens that can trigger asthma attacks and cause sneezing, runny nose and red eyes.
-Using safer building materials such as stainless steel, tile, adobe and insulation without added formaldehydes.
-Keeping your home free of radon. The colorless, odorless gas can cause lung cancer.
-Ensure your home is properly insulated to prevent leaks.
For more information, visit http://www.epa.gov/iaq/
Existing-home sales increased in August, even with ongoing tight credit and appraisal problems, along with regional disruptions created by Hurricane Irene, according to the National Association of REALTORS®. Monthly gains were seen in all regions.
Existing-home sales in the West jumped 18.3 percent to an annual pace of 1.23 million in August and are 20.6 percent higher than August 2010. The median price in the West was $189,400, down 13.0 percent from a year ago.
Lawrence Yun, NAR chief economist, says there are some positive market fundamentals. “Some of the improvement in August may result from sales that were delayed in preceding months, but favorable affordability conditions and rising rents are underlying motivations,” he notes. “Investors were more active in absorbing foreclosed properties. In additional to bargain hunting, some investors are in the market to hedge against higher inflation.”
To read the full article from the National Association of Realtors®, CLICK HERE.
Lorre, the Designated Broker and Branch Manager of the Prudential Northwest Properties Longview office, was elected to one of two Director positions on the Cowlitz County Association of REALTORS Board of Directors for 2012.
Congratulations on your new leadership position, Lorre! We appreciate your efforts to give back to our industry and we’re proud you represent Prudential Northwest Properties.