Real estate industry on the upswing
Jul 15, 2013
By Molly Walker
Of the News-Register
The Yamhill County real estate industry is continuing to experience a rise in pending residential sales, according to data compiled by the Regional Multiple Listing Service. Some 120 were logged in June, up 36.4 percent from June 2012.
In addition, 101 residential sales were closed. The average sales price ran $254,500 and the average market time 128 days.
For the first six months of the year, 661 pending residential sales were recorded, up 27.4 percent. Some 550 residential sales were closed at a median price of $189,900 and an average price of $230,600, up 12.1 percent.
The county also recorded eight closed commercial sales at an average price of $275,900, 65 closed bare land sales at an average price of $139,900 and 13 closed multi-family residential sales at an average price of $269,400.
JOB SEARCH HELP
A new program, “Rethinking the Job Search,” aimed at helping the long-term unemployed get back to work, is now accepting applications for August at the McMinnville WorkSource Oregon Center, 370 N.E. Norton Lane.
The recession has caused the number of individuals unemployed for more than six months to skyrocket. This program, designed to help peopled in that situation, features three two-hour session each week for four weeks.
Applications are available at the center. They can also be found online at http://www.jobgrowers.com.
The program was made possible by funding from the Kaiser Permanete Community Fund and the federal Department of Labor through its Workforce Investment Act.
A Shade Brigade, committed to assisting local seniors during hot spells, has been organized at McMinnville’s Emeritus at Osprey Court.
The brigade consists of staff members willing to visit seniors in their homes to check on their well-being, invite them to visit the center for a free meal in an air-conditioned space, provide them with tips for beating the heat and offering them chilled water, juice, popsicles and fruit.
“The Shade Brigade reflects Emeritus’ Safely Somewhere philosophy, in which we do our best to ensure that seniors are living in safe, purposeful environments, whether they reside with us or elsewhere,” said Director Elisabeth Williams.
Those wishing to suggest a senior for the program may contact the center at 503-472-3509 or ospreycourt-ED@emeritus.com.
Registration is now underway for the grape stomp, wine barrel roll and wine thief relay, to be held in conjunction with the 2014 Carlton Crush Harvest Festival, set for Saturday, Sept. 14. To register, visit www.carltoncrush.com.
The festival, sponsored by the Carlton Business Association, will also feature food and drink, live music, games for kids, helicopter rides and an Artists’ Market. For more information, contact Co-Chairs Pat Swanick at 216-533-6968 or Patty Williams at 503-852-7984.
WINE LIST EXCELLENCE
Six Yamhill County restaurants were honored by the Wine Spectator in its newly released 2013 Restaurant Wine List Awards. A total of 3,793 restaurants worldwide were named.
Those receiving its top rating were Jory and The Painted Lady in Newberg, along with Joel Palmer House in Dayton. Also honored were La Rambla in McMinnville, and The Dundee Bistro and Paulee Restaurant in Dundee.
Serena Cruz Walsh has been named the executive director of the Virginia Garcia Memorial Foundation, which supports operation of the Virginia Garcia Memorial Health Center network.
She replaces Christine Rontal who resigned earlier this year. In the position, Cruz Walsh will oversee all foundation activities, including fundraising and community partnerships.
Cruz Walsh holds a bachelor’s degree from Lewis & Clark College, master’s degree in public policy from Harvard University and a law degree from the University of California at Berkley. She has more than 20 years of experience in the public and private sectors.
She was elected as Multnomah County Commissioner for District 2 at the age of 31 and served for six years. She went on to manage a limited liability partnership, Albina Construction, founded with her husband.
The network includes a clinic in McMinnville. For more information, visit www.virginiagarcia.org.
ART & WINE WALK
Downtown McMinnville’s monthly Art & Wine Walk for July is slated for Saturday, the 20th.
By picking up an Art & Wine Walk passport and having it signed at one or more businesses, participants qualify for a drawing for a gift certificate.
The roster of participating businesses includes 4 Elements Yoga Shop and Studio, 3rd Street Pizza, Anthony Dell Cellars, Atlas Décor, Currents Gallery, Found Objects, 0Harvest Fresh Grocery & Deli, Inner Oasis Center, Jack of All Beads, Lori Wallace-Lloyd/Classical Art Atelier, McMenamins Hotel Oregon, NW Food & Gifts and the Willamette Valley Wine Center. Several have special activities planned, and some will be hosting artists and/or serving refreshments.
Gathering at the Granary, a chance for members of the McMinnville Downtown Association to meet those involved with the development of the Grain Station Brew Works, will be held at 5:30 p.m. Tuesday, July 30, at 755 N.E. Alpine Ave., in McMinnville’s Granary District.
Cost to attend is $20, which includes food and a beverage. RSVP to MDA Manager Cassie Sollars at firstname.lastname@example.org.
RECORD NET INCOME
Wells Fargo, which operates branches in McMinnville and Newberg, reported quarterly net income of $5.5 billion for the second quarter of 2013. That equates to 98 cents per diluted common share for stockholders.
For the first six months of 2013, net income hit a record $10.7 billion, or $1.90 per share. That compares with $8.9 billion, or $1.57 per share, for the first six months of 2012.
SHOP ON THE MOVE
TNT Motorsports, which offers auto, ATV and motorcycle repair, auto restoration and custom fabrication, has moved from its location in Lafayette to a new, larger facility in Bunn’s Village, located at 8101 N.E. Highway 99W.
The McMinnville Area Chamber of Commerce has a greeters scheduled for Operation Backpack from 8 to 9 a.m. Friday at OnPoint Community Credit Union, 2430 N.E. McDonald Lane.
Newberg’s Chehalem Valley Chamber of Commerce has one scheduled for Tunes on Tuesday from 8 to 9 a.m. Friday at the Chehalem Cultural Center, 415 E. Sheridan Road.
Molly Walker, the News-Register’s business editor, can be reached at email@example.com or 503-687-1272.
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