As the housing market started to heat up in 2004, a new subdivision was underway in West Salem: West Meadows Estates. A huge subdivision of homes located behind the new West Salem High school, this new subdivision has it all…beautiful homes, close to schools, and a nice community feel. Like most new subdivisions, West Meadows…
It all started way back… such a long, long time back… Way back in the days when money was green and interest was simple and energy clean. It began on a farm that belonged to my dad. What a wonderful farm my family had! A wonderful farm with chickens and mares where the Truffula trees…
Foreclosure…short sales…these are common words these days. Buyers specifically ask about these homes as they are perceived to be a good deal. The rate of foreclosure has gone up in Salem Oregon and will continue to rise in 2009. Right now 3.8% of the listings on the WVMLS are designated as short sales. There are…
Okay..I’ve had some request for foreclosure data specifically regarding our local areas. As I was crunching this data today and working on the charts, I was checking the MLS for new homes for buyers. As I pulled 14 listings for a buyer today, 3 were designated as short sale attempts. I can say that is…
Let’s see… Madoff swindled $50 billion from innocent people and charities A financial advisor faked his death in a plane crash CEO’s receiving bailout money were asking for large bonuses for themselves Citicorp is teetering on the edge Mass layoff’s are continuing on and on Sometimes you just can’t open the newspaper or your Google…
After taking a couple of days off from number crunching, I’m back in the saddle to finish off the last of the Salem Metro area cities for you all. Aumsville has been one of the more stable markets this year in Marion county. in the early part of this decade, home prices in Aumsville were…
Stayton has had a lot of fluctuations over the course of the 2008 year. Inventories would shrink and grow, shrink and grow. Like all of its Marion County counterparts, Stayton ended the year down. The average sales price for a home was $218,220 and the median price was $185,000. The average sales price dropped 3.2%…
Silverton had the largest correction of our local Marion county cities. With a 9% drop in the average home price and a 5.3% drop in the median home price, Silverton sellers were really struggling this past year. Days on the market stayed essentially the same as 2007’s 135 days, with being just 133 days in…
Home Inspections Not too long ago Jim Allhiser, a local Salem Oregon home inspector, did an inspection for a client of mine. The house was an older home and had wall heaters in the house. After you go through a few home inspections, you get to see all of the creative ways that homeowners…
Of the three Polk County cities that I cover, I think Dallas will be hit the hardest. The average prices adjust a mere 2.6% downward over 2007 and the median price adjust 3.5% downward. 38% less homes were sold this year over last year, but homes listed dropped at only 9.7%. This discontinuity between the…