Prudential Northwest Properties Chairman Bert Waugh, Jr. released his Q4 2012 Chairman’s Report, a quarterly summary of the real estate market.
The report highlights the record-breaking affordability index for 2012, compares market area stats, looks at what we can expect for trends in the year ahead, and shares the latest video comments from Warren Buffett and HomeServices of America CEO, Ron Peltier.
The latest issue of The Chairman’s Report, a quarterly real estate update from Prudential Northwest Properties Chairman Bert Waugh Jr., has just been released and many economic indicators point to a slow and steady improvement in the housing market.
The average price of homes sold increased across the country in the last year, with the West experiencing the greatest gains, with the average price of homes sold up 8.6 percent over this time last year.
Portlant Metro RMLS Report: Comparing first quarter of 2012 with the same period in 2011, closed sales increased 12.2%. There were more closed sales in the first three months of 2012 than in any first quarter since 2007. Pending sales were up 18.2% in the quarterly comparison, with new listings decreasing by 12%.
A comparison of first quarter prices this year and last shows average sales price declined less than one-half percent. The average sale price was $251,700 in the first quarter of this year and $252,800 in the comparable period last year. The median sale price decreased 1.4% ($212,000 this year and $215,000 in 2011).
We’re thrilled to be the newest member of HomeServices of America, Inc., a Berkshire Hathaway affiliate. What does this mean for Prudential Northwest Properties? It means the best just got better!
By joining forces with HomeServices, we are unmatched in our ability to serve the needs of our real estate professionals and the thousands of home buyers and sellers that put their faith in us. Our name stays the same. Our leadership stays the same; and it’s a win-win for all involved. It’s a great day for Prudential Northwest Properties!
Prudential Northwest Properties Chairman Bert Waugh Jr., founder of the non-profit Transitional Youth organization and former Chair of Medical Teams International, is on hand in the Mobile Dental Van with MTI’s 200,000th patient, a Transitional Youth ‘Home on the Range’ resident by the name of Jordan.
Medical Teams International and Transitional Youth are working together to provide dental care services for local homeless and at-risk youth.
It’s a proud day for all of us at Prudential Northwest Properties!
In recognition of our charitable giving and community support, we received a Corporate Philanthropy Award from The Portland Business Journal today! Prudential Northwest Properties ranks in the top five of Oregon’s most generous medium-sized companies.
A sincere thank you to everyone on the Prudential team for your big hearts and continuous efforts to help those less fortunate, especially during challenging economic times. And special thanks to Bert Waugh Jr, for your leadership and compassion … you are an inspiration to us all.
Prudential Northwest Properties President Bert Waugh Jr on a trip to Uganda with Medical Teams International
Great news … the philanthropic efforts of our company are being recognized with a Corporate Philanthropy Award from the Portland Business Journal!
We’re proud of everyone in the Pru NW family for your commitment to giving back to the communities in which we live, supporting Transitional Youth, and making Prudential Northwest Properties a company we’re all proud to represent.
Kudos to Bert Waugh Jr. for his leadership, his vision and his passion for helping others. Bert, thank you for creating a culture of caring that runs so deeply throughout our company. Prudential Northwest Properties rocks!!
Prudential Northwest Properties got extensive exposure in Pamplin Media Group’s recent special publication Realtors Make Things Happen.
Bert’s motivational and philanthropic endeavors were featured (page 4), along with Rob Levy’s progressive use of technology (page 12), and the value of the current and accurate market data in our Property Investment Profile, Market Tracker and HomeFinder Pro consumer reports (page 14).