Valentine’s Day Sweetheart Dance February 15th at 7:30 pm

The City of North Plains with be hosting the Valentine’s Day Sweetheart Dance featuring D.T. and Country. Bring your sweetheart out and join us for an evening of dancing and music!

The dance will be held at Jessie Mays Community Hall  located at 30975 NW Hillcrest Street in North Plains, and is a fundraiser for North Plains Food Pantry.

2014 Market Outlook

As the prices and the interest rates rise, along with the increase in the down payment required to purchase a home, many buyers will be priced out of the market. The first and likely the second quarter of 2014 will be a seller’s market. However there are variables such as the pools of distressed properties that were bought by investors and are currently occupied by renters that may hit the market and have an impact.

Annual North Plains Crab Feed

January 22, 2011

4:00pm – 1st Sitting

6:00pm – 2nd Sitting

$25.00 – All you can eat crab

$35.00 – Surf & Turf 8oz Steak & All you can eat crab

  • Silent Auction
  • Band

 Tickets will go quickly! Call to reserve your seats!

North Plains Senior Center

31450 Northwest Commercial Street
North Plains, OR 97133
(503) 647-5666

Distressed Homes Likely to Hit Market

46937_1A new wave of distressed homes are likely to hit the market during the coming months. A new report by CoreLogic reports that 2.1 million units of distressed properties, but yet to be listed nationwide as of August 2010, could hit the market soon.

CoreLogic estimates the so-called “shadow inventory” by calculating the number of properties that are more than 90 days delinquent, in foreclosure or real estate owned by lenders that are not currently listed.

Oregon has a 9.4 month supply of distressed homes already on the market in the Portland-Vancouver-Hillsboro metro area in August, ranking it #32 among the 50 US states. Washington, by contrast has an even higher supply at 11.3 months.

NEW HOME SALES RISE 6.6 PERCENT IN SEPTEMBER

real-estate-market

In case you missed it, one good sign are the recent numbers released from the National Association of Home Builders who reported that New Home Sales rose 6.6% in September to a seasonally adjusted annual rate of  307,000 units, their best pace since June, according to data released by the U.S. Commerce Department today.

The fact that new-home sales are finally moving in the right direction - albeit slowly – is definitely good news following an exceptionally quiet summer at builders’ sales offices and model homes,” said Bob Jones, chairman of the National Association of Home Builders (NAHB) and a home builder from Bloomfield Hills, Mich. “The road to recovery will be a long one, however, and a key hurdle that must be surpassed is the lack of available credit for new-home construction so that builders can meet improving demand for new homes moving forward.

7th Annual North Plains Jingle

tractorI’m looking forward to kicking off the holidays with the annual North Plains Jingle.  Here are the details for this years event from the North Plains Chamber of Commerce website:

Come celebrate the holiday season with friends & family with the 7th Annual North Plains Jingle on December 7th. We will be gathering at then Jessie Mays Community Center at 6:30 PM.  Bring your decorated golf cart, tractor, 4-wheeler or any motorized vehicles and join us in a parade through North Plains. Parade participants will tour the town spreading holiday cheer. Homes will be judged by the North Plains Chamber Board members on December 7th. We will also be judging the best mobile & best holiday spirit of the parade participants.

This is a fun, family event, so during the parade we encourage singing, waving, tossing candy and such. After the parade we will make our way back to Jessie Mays for Christmas Carols, Santa, hot chocolate, cider and goodies. Be sure to join us for an evening full of holiday spirit as we Jingle through North Plains.

For more information, please call or email Patti Burns,
503-647-2619, lochlolly1@aol.com


North Plains Centennial Celebration

north-plains-skyviewNorth Plains is about to celebrate it’s centennial. That’s right, North Plains is turning 100!

The celebration will be held on Saturday, Oct. 2, with a full day of events, beginning at 10 a.m. and ending with a fireworks display at dusk.

For more information, click here.

Housing Starts Up 10.5% in August

real-estate-marketThe new numbers are out today from the National Association of Home Builders, and they show housing starts rose 10.5% in the month of August! This is a great sign for the housing market, despite the difficulty that builders continue to face in obtaining construction financing.

13th Annual North Plains Garlic Festival

Garlic

It’s that time of year already! One of my favorite North Plains events, The Elephant Garlic Festival, is celebrating it’s 13th year. The Festival will run from Friday, August 6th through Sunday, August 8th.

Admission is free and event activities include:

Food Vendors

Arts and Crafts Vendors

Garlic Festival Car Show

10K and 2M Run/Walk

Parade

Battle of the Bands

Festival Hours:

Friday: 12:00PM to 11:00PM

Saturday: Parade at 10:00AM and Festival grounds open 10:00AM to 11:00PM

Sunday: 10:00AM to 6:00PM

The Festival will take place at the Jessie Mays Community Center located at 30955 NW Hillcrest North Plains, OR. 97133.

For more information and to visit the website click HERE

With the First Time Home Buyer Incentive Over, Now What’s Next ?

Mkt Action

June’s sales numbers are in and our local market is showing some signs of being able to hold its ground despite the completion of the federal first time homebuyer tax credit expiring.

It’s true that sales under the program had until June 30th to close, and the statistics are not in for July, but here are some numbers that give some optimism to the market.

  • Compared to May of 2010 the average sales price increased 5.2%.
  • Overall inventory is holding relatively steady at 7.3 months.
  • Comparing the second quarter of 2010 with that of 2009, sales rose 34%

Source RMLS, note: numbers reflect the overall Portland Metro Market.

Our area, Northwest Washington County added 197 new listings for June with 624 active listings on the market. There were 105 closed sales during June for an average sale price of $374,800. Overall prices in our area are off -7.5% from June of 2009, however this is slightly lower than the Portland Metro average of -8.2%.

When July’s numbers come out in mid August, I will be interested to see what changes in overall sales volume and closings are, as well as overall inventory and changes in the average sales price. Stability in these important numbers over the next few months will give a strong indication as to our markets overall recovery.

Click HERE to view June’s full Market Action Report