We've just listed a prime piece of real estate on Springville Road just off Skyline Blvd in Northwest Portland/ Washington County. This beautiful 84-acre parcel is a gem- it sits just outside the urban growth boundary, offering the beauty and serenity of the country, AND its killer location makes for an easy commute either west to Nike, Intel, and Hillsboro high-tech or head east over the hill and you're in downtown Portland. For more information contact Craig today at craig@craigreger.com.

THINKING OF SELLING? NOW MAY BE THE TIME!

Have you been considering selling your house, but been hesitant because of the Portland Metro market conditions?  We urge you to reconsider- since the start of the year we are seeing signs of real improvement in the Portland, Beaverton and Tigard/ Tualatin areas- both statistically and on the ground with our own clients.

So what's the good news?

       Home Prices Rising  For the first time in years, there are indications that Portland area home prices may actually be going up. Average sales prices for last month in the Portland area rose 4.3% compared to 2011.  Year to date comparison totals between 2011 and 2012 show average sales price rose 1.8%. While these are modest gains, they are gains nonetheless. Certain neighborhoods and areas such as inner-Northeast and Southeast Portland are showing even higher gains.

        Less Competition  A big advantage to listing your home now, is that you'll have significantly less competition. The inventory of homes for sale in Beaverton, Portland and surrounding areas is at a 5-6 year low. The RMLS calculates this inventory based on months- dividing the number of active listings by the number of closed sales. In February of 2010 inventory was at 12.9 months, meaning that it would take that many months for the existing number of homes for sale to sell and close. In February of 2012 inventory was only at 6.5 months. That is a more than 50% drop in inventory! This means buyers have half as many homes from which to choose- clearly good news for sellers! Of our last 8 new listings in March, 7 were in escrow in less than 5 days from hitting the market- some even received multiple offers! We haven't seen this kind of action and urgency from buyers in years. Speaking of urgency, sellers should take note- we expect this to be temporary. As spring and summer approaches, the inventory of homes for sale in Portland always goes up.

 Other positive news in the Portland Metro market is that pending sales rose 32.5% and closed sales were up 17.5% in February when compared to 2011. Homes in Portland, Beaverton, Tigard, Lake Oswego and Clackamas are selling! Contact us today if you'd like to learn more about your neighborhood market conditions or to discuss selling your home.

craig@craigreger.com

Oregon's largest home builder, Arbor Custom Homes has hired the Craig Reger Group to sell their beautiful new construction neighborhoods- Ridgecrest and Lincoln Heights in Happy Valley. We are honored to have been hired and we are excited to work with such a quality local builder.  We're selling these home fast- in fact we've already sold 3!

Learn more about these new neighborhoods:

LINCOLN HEIGHTS

Tucked amongst trees with serenity abound, you'll find Lincoln Heights by Arbor Custom Homes. Only 55 home sites to choose from with most sites backing to beautiful trees and wetlands. Whether you are looking for scenery or the hustle and bustle of nearby amenities, Lincoln Heights offers both! Located only minutes from vibrant restaurants and shopping at Clackamas Town Center, with the conveniences of everyday life even closer, Lincoln Heights has the amenities nearby to suit all of your needs. Enjoy within minutes, the abundance of wildlife and walking trails at Mt Talbert Nature Park. Spend more time at home with a more efficient commute on I-205 or MAX light rail.

RIDGECREST

Surrounded by picturesque views of the south valley and Mt. Hood with conveniences abound, lies Ridgecrest by Arbor Custom Homes. These 10,000 square foot homesites are located in the outstanding North Clackamas School District, close to shopping and minutes from highway 205. Ridgecrest by Arbor Custom Homes has location, prestige and community all wrapped into one! New Seasons Market, Peet's Coffee and Premier Fitness are just a few of the amenities within walking distance and Clackamas Town Center is just a short drive away. The beautiful views from Ridgecrest by Arbor Custom Homes will be a perfect way for your family to start each day.

• Visit us each weekend on site or call our Buyer's Specialist, Megan to schedule a private tour anytime 503.957.8303. 

DRIVING DIRECTIONS:

• Hwy 205 to Sunnyside Rd exit.
• East on Sunnyside Rd.
• Left on SE 152nd Dr.
• Left on SE Badger Creek Rd.
• Left on SE 147th Ave.
• Right on SE Mountain Ridge Ave.

The Craig Reger Group is selling beautiful new homes in a new neighborhood in West Linn, Oregon, Rosemont Crossings. Construction is well underway so now is the time to check out this subdivision! We always encourage Buyers looking for new construction who are hoping to personalize finishes to try to find properties at this early stage of the building process. Buyers can come check out a completed home now at 1924 Furlong Drive.

Here is just some of what these homes will boast:

Gourmet kitchens with custom cabinetry, stainless steel appliances and Chroma Quartz slab countertops

Master Suites with oversized baths and walk-in closets

Extensive custom cabinetry, tile work and hardwood floors

Many different floorplans and options to choose from

Prices begin in the low $400s

For more information and photos, text CRG to 59559 or call Andy Green today at 503-336.6093

CRG REMAINS ON TOP

We are proud to announce that the Craig Reger Group remains the #1 Real Estate Team at Keller Williams Realty Professionals, which is now the highest producing real estate office in Portland-Metro! Thank you to everyone who contributed to our success this past year.

Also, our very own Megan Buller, was recognized as the #1 Buyer’s Agent at Keller Williams Realty Professionals.  Megan works so hard for every client - last year she saved our Buyers more than $1 million! This is a well-deserved honor.

THANK YOU!

Did you know that more than 80% of our business is from referrals and repeat clients?  We take much pride in this fact, so our goal is to always earn your referral!  Who do you know that may need to buy, sell or invest in real estate?  Call us at 503.893.2022 or email craig@craigreger.com.

Be sure to "like" us on Facebook to receive regular updates about real estate in the Portland area.    www.facebook.com/CraigRegerGroup

                           “If we all did the things we are really capable of doing, we could literally astound ourselves.”

                                                                                 -Thomas Edison