All’s quiet in the college town…

Monmouth Oregon has had a steady track record during the bust that has occurred all around.  Currently, Monmouth has 5.3 months of inventory which puts it squarely in a neutral market.  While real estate inventories climbed in Salem, Monmouth barely blipped. So where is the 2nd quarter lead us? The median home price has dropped…

A splash in the park

The Asher Anderson Waterpark opened on July 4, 2009 at Riverfront Park here in Salem Oregon.  We hadn’t been to it yet, and it was hot yesterday so we headed out to go check it out. It is located toward the north end of the park nearby the Willamette Queen and the amphitheatre. The splash…

A bedroom community wakes up…

Independence Oregon was slated to be the next bedroom community during the real estate boom. With home prices in Silverton skyrocketing, Independence was the new target with it’s close proximity to Salem.  New subdivisions went in and home prices jumped.  Despite the jump, a home in Independence was still significantly cheaper than other outlying Salem…

From Detailed to Whimsy

I need some clients who have money to burn on really expensive houses in Salem Oregon so I can make some more money…know anyone?    See my problem is that I went to the Salem Art Fair, like I have every year since we moved to Salem ten years ago.  This is a problem because it…

Neutral found

Jefferson Oregon was late to the building party, but it did have quite a bit of new home construction that occurred there as real estate land prices skyrocketed in south Salem.  So what we saw in Jefferson was a normal neutral real estate market, and then builders started there in 2006.  A splurge of home…

A step in the right direction

Stayton Oregon has typically had a more tumultuous real estate market than the other surrounding cities.  Since it does not have a diverse economy, it tends to get harder hit during recessions than the Salem Oregon metro areas.  Earlier in the year, Stayon’s real estate market seemed almost non-existent.  Nothing was selling and inventories were…