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Leslie Jones
Principal Broker
    Years of Experience: 22

    GRI: Graduate, Realtors Institiute
    CDPE: Certified Distressed Property Expert
    Green: NAR Green Designation
    CIAS: Certified Investor Agent Specialist

Direct: 503-312-8038

Office: 503-287-8989



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RE/MAX equity group
237 NE Broadway
Portland, OR
503-287-8989


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Archive for August 2010

Solar Power Update…almost done

Wednesday, August 25th, 2010

This past Friday, August 20th marked the completion of the solar panel installation, and the first day the system was up and running.  They say the system was active at about 12:00 noon.  Though we’ve yet to get the web based monitor (more on that later) the Sunny Boy data panel is telling us how much we are and have generated, along with a variety of other data.  We estimate our daily usage is somewhere around 10 kwh per day.  On Friday, 8/20 from 12:00 on, we generated a bit over that.  The slightly cloudy days of the weekend generated slightly over 10 kwh each, and Monday 8/23 was a bit over.  Today, a hot sunny day, we have generated 15.9 kwh by 5:15 pm.

Solar Panel installation

Today we did have our inspection from the city, as scheduled.  I love things happening as scheduled.  Imagine Energy showed up a bit early to place a few required stickers and such – safety stickers letting anyone working on our electric panel know that it is fed both by the standard incoming line AND  solar panels.  Our house is fairly new, built in 2003.  My husband and I both noticed that our electric panel was missing the requisite blue inspection sticker from when the house was built.  In an effort to avoid inspection hassles, I printed the inspection record from 2003, showing complete approval of the electric system.  And indeed, the guy today remarked on the missing sticker, but with the records in hand, put the required blue sticker. on, back dated to 2003.

Yet to be completed are Portland General’s installation of the net meter.  This mechanism accounts for the excess power generated.  Portland General then credits us on the following month’s bill for any overage (or debits us for our usage).  The program is set up such that individuals with larger systems won’t be getting rich off their excess power.  The formula is a bit intricate, but after a year (April to March, I believe) any excess power is given to the low income energy assistance program.  I like this.  We didn’t install solar to have some sort of passive income stream.  We installed solar power to minimize our carbon footprint, because it is the right thing to do, and because my husband is obsessed with it.  That we can contribute a bit to those in need is a great benefit.

Also yet to be completed is the “communictaions” part of the system.  Getting Sunny Boy to feed his data to the ether, and for us to be able to access that data. 

Sunny Boy

My husband and I have felt this last detail could be a weak spot in the project.  While I am the tech support in our household, I didn’t sign on to get this thing working.  I can be sure the modem is good, reboot the wireless, troubleshoot the printer, tinker with the on demand netflix to the fancy tv.  I do not know how to hook this thingy up.  I’m told “they” will need to get back into our crawl space to finish this up.  Mind you our crawl space is accessed through the floor of the hall closet.  The hall closet that holds, coats, rain boots, that old pair of crutches, extra toilet paper, the large box of furnace filters, spare rugs and towels for pet bedding, bottles of wine we’ll never drink and keep forgetting to serve our guests, the folding table, packing boxes for any recent electronics purchase should they need to be returned.  Given that “they” will be back any day now, we’ve got those above mentioned treasures “stored” in the living room, awaiting this last step.  Now it is not Imagine Energy’s fault that our crawl space access is so centrally located, but having the stuff scattered about does make me very aware of any extra time this last step takes.

Group Camp in Lane County Oregon

Monday, August 23rd, 2010

We love group camps and camping.  It can be a relaxing way to spend time with folks you enjoy and a great way to give everyone relaxed, fun downtime.

Friends of ours have been organizing  a “family camp” for several years now, and we’ve been lucky enough to attend the last two years.  The camps is held at Camp Lane; a spacious, well appointed camp owned and run by Lane County in Oregon.  Camp Lane is a well appointed facility with a  variety of sleeping arrangements, large bathrooms with running hot water, a lovely old lodge for dining and gathering, a large well outfitted kitchen in which to prepare meals for your group, fore pits and a covered sport court.  All this is perched over the Siuslaw River, between Eugene and Florence in Oregon’s Coast Range.

Camp Lane's Lodge

Our group tends to be a creative group, so a costumed float parade down the river is the highlight of our Saturday.  We also enjoy a raucous wiffle ball tournament (all ages and skills can enjoy a good game of wiffle ball), lots of spontaneous music and sumptuous meals.

Ready for the float parade!

What we really like about this facility is that there is SO MUCH ROOM.  Folks can spread out for a variety of activities and the sleeping accommodations allow for early risers, late night campfire singers and afternoon nappers.  This year we slept in the “tree-houses”; slightly away from the main lodge with the delightful sound of the river below.

The Treehouses.

Some of our crew decorated the “mantle” in the Lodge for our Saturday evening meal:

Decorating for dinner.

To visit the official web site: Camp Lane

For information and reservations,  please call the Camp Manager at 541-935-3412 or Lane County Parks at 541-682-2000.

Quick Solar Power Update

Wednesday, August 18th, 2010

You’ll remember, we are taking part in Solarize Portland and are quickly moving toward having our solar power installed.  Our contract is with Imagine Energy.  All the materials, but for the actual solar panels, were delivered yesterday.  This included lots of metal “rails” that hold the solar panels, the fancy electronic wirelss thingy we’ll use to monitor our power generation and a job box with miscellaneous caulk, roof jacks etc.  The dogs were quite “excited ” by a stranger loading stuff onto our back deck, and vocalized their opinions.  The panels are large and spendy.  Rather than storing them on our property, they’ll be transferred pretty much directly from the truck to our roof.  Why move big things twice?

The work is scheduled to start tomorrow, Thursday, and should last for about there days.Much excitement for the dogs.  Once the bulk of the project is complete, I understand there can be a bit of a wait for PGE to put the finishing touches on the project and complete the change over to the new system.  I expect we’ll be pretty impatient for that last step. 

I’ll post more soon, along with some photos.  Solar power here we come.!

Market Update for Portland Real Estate

Tuesday, August 17th, 2010

I’m just back from a short vacation to find some rather sobering real estate statistics for July 2010.  Remember, the home buyer tax credit expired in May, 2010, with the requirement that all sales under contract had to close by June 30th in order for buyers to recieve the tax credit.  So July is the first non-tax credit month.  And boy can I tell. 

The RMLS Market Action report shows a decline in closed sales of 29% when comparing July 2009 to July 2010.  And when comparing June 2010 to July 2010, closed sales fell by 29.8 %.  This drop in sales also has effected inventory; with fewer houses selling, more houses remain on the market.  We now have a 10.8 month supply of houses, compared to varieties of 7 months for most of 2010.  And yes, as you might guess, market time are also a bit longer.

Sales prices have barely increased, with the average sale price for July  2010 increasing 2.9% over July 2009. The average sale price from June 2010 to July 2010 increased by 2.5% to $297,000.  In Northeast Portland, the average sale price was $295,000 in July.  Southeast Portland shows an average sale price of $244,900.  The highest average sale price in the Portland metro area is seen in the West Linn/Lake Oswego area, at $439,300.  Read the complete RMLS Market Action here.

Interest rates remain historically low, this slowing in the market is a bit surprising.  While the home buyer tax credit was a great incentive to get buyers into the market I’m surprised the rates haven’t continued to bring buyers in.  Today,  Bank of America is quoting a 4.75% rate on a 30 year fixed rate loan.

I expect August numbers will show a similar trend.  Late summer is rarely a busy time in real estate.  I’m more interested in what sort of real estate activity we see in September and October.  The early fall months have often been busy, with folks anxious to complete their real estate business in advance of the winter holidays.

Roseway Neighborhood Open House

Sunday, August 8th, 2010

My fellow realtors and I are coordinating to hold our listings in the Roseway area open this Sunday, August 8th from 1:00 – 3:00 pm.  No, we are not all with the same company.  And yes, we are, to an extent, each other’s competition.  But we do actually share a common goal; to sell our clients homes in this area.  We’ll have a total of 16 houses in the Roseway neighborhood.  They range in price from $184,900 to $424,000. 

Stop by my listing at 4008 NE 75th tomorrow, August 8th, from 1:00 – 3:00.  I’ll have treats, flyers for the other houses, and Starbucks gift cards or glow sticks for the first 20 people through.

4008 NE 75th

As the market has slowed a bit, post home buyer tax credit and amidst the dog days of summer, realtors are finding a variety of new ways to work together.  Joint advertsing and open houses in certain areas and lobbying home owners’ associations to pursue FHA approval for their condominium complexes are just a few of the things I’ve seen realtors combine forces on.

Hello cooperation and collaboration.  Goodbye pushy, dominant, win/lose business.

Solarizing our House…update

Tuesday, August 3rd, 2010

We’re on!  For the project that is.  Paid the first half of our share up front last Thursday, July 22.  The work will be done in the next few weeks; certainly by the end of August.  As there are a few entities involved; contractor, Portland General and the Energy Trust of Oregon, to name a few, we’ll have a few inspections and such before the system is considered ready to go.

We also got a bit of good news today.  The legislature back pedaled a wee bit on the program cuts they made to the tax credits.  You’ll remember in my last post, that in an effort to help the State budget, the tax credits, especially on smaller projects, had been cut.  I’m guessing there may have been pressure from the solar contractors with bids out, but not yet signed.  We found out today that the tax credit has been reinstated to its earlier amount, for contracts signed before August 13.  That’s us!  So the project will cost us $1200 less than when we signed the contract.

An explanation of the tax credit rule changes.

As expected, we are anxiously waiting to hear when work will start.  The dogs will absolutely hate having workmen around, so those may be a few long days.  Hmm.  Maybe its about time for me to go out of town.

Market Recap

  • Avg. Sales Price: $276,800

  • Avg. Days on Market: 165

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