For residential homes sales in Salem, Oregon… The 180 day trend: Average sold price: $223,076 Average original list price: $228,752 % of listing price to sale price: 97.5% % of listings to expire/terminate: 19.2% Average DOM: 122 Listed vs. sold: 41.2% The 90 day trend: Average sold price: $227,232 Average original list price: $233,125 %…
Here are the regional stats for our Salem housing market for August. The MLS tracks 6 regions here in Salem. These stats are for single family units which includes condos. Central Salem Average Sold Price: $156,140 Median Sold Price: $157,000 Average DOM: 105 Current Inventory: 10.45 months Suburban E Salem/North (Jan Ree, Haysville, etc) Average…
You want to know what agents really do at open houses? (c) Copyright, 2008. Melina Tomson, All Rights Reserved (ie…be nice and create your own content. Don’t steal mine…)
Travis Newton, a local Salem area mortgage broker, emailed me this nice little chart with the information about the Tax Credit. It was nice and simple, so I thought I would share it with you. Feature : H.R. 3221 Housing and Economic Recovery Act of 2008 Amount of Credit: 10% of the cost of the…
Home shopping in Salem Oregon. Always Adventurous. We laughed as we walked up the stairs to view a home. The exterior of the home was beautiful, the masonry well done. Just based on the exterior of the home, it was their favorite so far. As I cracked open the front door, I was almost bowled…
One of the best things we can do is laugh. It’s good for the soul. Sometimes that means laughing at ourselves or sterotypes. Someone shared this video on another forum, and I thought it was funny. It is about 5 minutes long. I’m thinking about trying his excellent techniques with my clients… (c) Copyright, 2008.…
I haven’t blogged about foreclosure rates here in Salem Metro so it seemed like it was about time. RealtyTrac is a real estate site dedicated to the foreclosure process, whether it is short sales or just notice of defaults. According to their July stats that were released on the 14th of August, Oregon ranks 21st…
What you can afford will depend on who you talk to. In my opinion, one of the worst things you can do is let your home own you. Being “house poor” doesn’t make a lot of sense for most people. There are a few situations, where I think it is okay to push a home…
I like to read Business Week. The latest issue to hit my mailbox, left my jaw dropping. Just Charge That Mortgage by Jessica Silver-Greenberg caught my eye. Apparently using homes as ATM’s during the boom time was not good enough. ChargeSmart,has a new online payment service where homeowners can continue to spend themselves silly. Yep,…
Integrity. Do you live by it? Do you say one thing and do another? Do you tell your clients that they have to be on the MLS to sell a house and then put yours up FSBO? Do you recommend an average home inspector for your clients, but hire the “deal killer” ones for yourself…