Last one year end market report. Whew…I need a break from data and I’m sure my regular readers are getting tired of data too!’ So let’s talk Stayton real estate. Stayton has been struggling for a while and that hasn’t changed. The inventory is currently at 36 months, which is high even for our normal…
I feel off the data geek bandwagon here for a few days as I actually had to work…yes I really do negotiate offers and show houses on occasion. So let’s talk Aumsville. Aumsville ended the year at an average home price of $206,542 and a median home price of $209,500. That average home price was…
Monmouth ended the year at an average home price of $180,887 and a median home price of $181,500 Monmouth home prices are about 11% higher than Independence and I think it shows in their year end numbers. Monmouth has an 8.6 month inventory which is higher than Independence. The average and median home prices…
What happens when you have low home prices, coupled with low interest rates? Low inventory. That is the situation occurring in Independence Oregon’s real estate market right now. The inventory is at a nice healthy 4.5 months, which is nice to see. The reason? Low home prices. The average and median home prices in Independence…
We’ll have to see how the rest of the small towns faire, but Dallas only experienced a 50% jump in foreclosures notices from 2008-2009. It’s pretty sad when a 50% increase is good…Now I think part of that is that some of the builders out there were much smaller builders and went into default in…
Dallas Oregon, like Silverton, has a 13 month inventory of homes right now. Also like Silverton, this city has made good gains in cutting that inventory down. Not that 13 months is great by any means, but at least it’s coming down. Dallas Oregon had a similar problem that Silverton had and that was the…
With the kind of ugly nature of the Silverton Oregon real estate market for 2008 and 2009, its not surprising that foreclosures are up a lot here. Silverton Oregon Foreclosure Rates This chart shows notice of defaults that were served in Silverton Oregon in 2009, according to Fidelity National Title Co. In Silverton Oregon, there…
The Silverton Oregon real estate market has been one of the unhealthier real estate markets in the Salem metro area for a while now. While this is still the case, it has made some steps towards improvement and correcting. It still has a ways to go, but at least the trend is pointing in the…
I was kinda hoping that some of the smaller towns surrounding Salem Oregon would come out a bit more…well…unscathed, but that is not going to be the case. Unfortunately foreclosure notices are equal opportunity. Keizer Oregon Foreclosure Rates This chart shows notice of defaults that were served in Keizer Oregon in 2009, according to Fidelity…
We don’t get snow very often here in the Salem Oregon area because the clouds keep it warmer in the winter. What people relocating from snow climates need to know about Salem Oregon and snow… 1. I think the city of Salem owns about 2 snow plows…Don’t expect to see one of these mythical machines…
