Dan Foster, Managing Principal Broker of the Prudential Northwest Properties Sherwood & Newberg branch offices, has accepted an appointment to the Chehalem Valley Chamber of Commerce Board of Directors. Dan will serve a two-year term, commencing at the first of the year.
Way to give back to your community, Dan!
Congratulations to Scappoose Principal Broker Molly Hruska for being chosen “Best Realtor” by the readers of The South County Spotlight newspaper. Molly, a 20+ year real estate pro, past Columbia County Realtor of the Year, and author of the popular Beyond the Burbs blog believes in building long-lasting relationships with her clients. Clearly, they love her … and so do all of us at Prudential Northwest Properties! Kudos to you, Molly, and thanks for taking such good care of your clients. You rock!
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.