Oregon's 3rd Largest Builder Joins NewHomeSale.org

04/17/2009

OREGON’S 3rd LARGEST BUILDER ANNOUNCES PLANNED LIQUIDATION OF ENITRE INVENTORY OF 2008 BUILT HOMES

Portland, OR. – Oregon’s third largest builder, JLS Custom Homes announced today that their entire inventory of homes built in 2008 will be liquidated beginning April 27th, along with inventory from two other area builders.

The entire sale will include 152 homes from 20 communities that span from Salem, Oregon up to Woodland Washington. JLS inventory will make up 70 of the homes that will be offered in the liquidation.

The homes being liquidated by JLS is made up from the company’s inventory of completed, but unsold 2008 home inventory. The homes range in size from 1,438 square feet to 3,793 square feet and will be priced from $159,950. All homes in the liquidation sale must be sold by June 30th.

Unlike other area builders who have liquidated inventory as part of the chapter 11 process in bankruptcy, JLS remains on solid financial footing.

“The downturn in the residential home market is no secret to anyone. We reduced our building pace from previous years, but it wasn’t enough as last year’s demand really plummeted. The liquidation sale is a great strategy for us to get our inventory back in line,” said Jason Sage, owner of JLS Custom Homes.

The homes offered in the sale are in the following communities, Vancouver (26 homes), Hillsboro (20 homes), SW Portland (8 homes), Aloha (7 homes), Gresham (6 homes), Beaverton (1 home), Happy Valley (1 home) and Salem (1 home). The individual communities include;

• Creekstone, Happy Valley, Oregon
• Deer Ridge, Gresham, Oregon
• Eagles View, Salem, Oregon
• Evergreen Park, Hillsboro, Oregon
• Hanson Meadows, Beaverton, Oregon
• The Oaks, Vancouver, Washington
• Rock Ridge Gardens, Hillsboro, Oregon
• Parkview, Vancouver, Washington
• Westhaven, Portland, Oregon
• York Park, Aloha, Oregon
• Woodridge, Vancouver, Washington

Sale Also Includes 82 Homes from Two Other Builders

The home liquidation will also include 82 homes from two other award winning builders, Pacific Lifestyle Homes and Legend Homes. The new home liquidation will be managed by the local home liquidation firm and prominent website, “NewHomeSale.Org”. NewHomeSale.Org has managed the liquidation of over 87 closed sales since the fourth
quarter of 2008.

The additional home inventory will include 44 Pacific Lifestyle Homes in Vancouver, WA. and 38 Legend homes in the Portland area. Both builders are in chapter 11-reorganization and went through a similar liquidation earlier in the year. The new inventory includes recently completed homes.

About The Sale: 129 homes built by JLS Custom Homes, Pacific Lifestyle Homes and Legend Homes are being liquidated. The homes represent the firms’ 2008 inventory of unsold, completed homes. All homes must be sold by June 30, 2008. Homes are offered on a first come, first served basis and will be removed from the liquidation once an offer has been accepted. Interested buyers can see the entire inventory at: www.NewHomeSale.Org.

About JLS Homes: Founded by Jason Sage in 1999, JLS Homes quickly established itself as being one of the premier homebuilders in the northwest. JLS has communities all over the greater Portland Metropolitan area including: Aloha, Beaverton, Forest Grove, Happy Valley, Hillsboro, Keizer, Salem, Sherwood, Tigard, Tualatin, Wilsonville, and most recently, expanding in Tri-Cities, Washington and Eugene, Oregon. In May 2006, JLS earned national industry honors by ranking number 138 in Builder Magazine’s annual “Top 200 Home Builders In The Nation”. For more information about JLS
Custom Homes visit: www.jlscustomhomes.com.