A series of posts about Marion county real estate market conditions.
Global Insights releases a quarterly report on home valuations by city. According to their latest report, released in December, Salem Oregon is still overvalued for real estate. Only three cities made the grade for extreme overvaluation…Bend, OR being one of those three. According to the report, Salem Oregon is overvalued by 25.2%. That means we…
I hope you all like my new blog format! I was waiting to do my market reports until my blog was finished. So… For residential real estate in Salem Oregon… The 90 day trend: Average sold price: $208,679 Average original list price: $225,461 (ie what the agent originally listed the price). % of listing price…
Knowing how much inventory is on the market is an important statistic to know when considering the price of your home. These figures are for residential home sales. The absorption rate is how fast homes are selling on a monthly basis. Inventory is how long it would take homes to sell at that rate assuming…
I’m a little too addicted to coffee so I’m switching over to tea. You can still drink coffee if you want. I just need to cut back a little. The 90 day trend: Average sold price: $217,442 Average original list price: $223,033 % of listing price to sale price: 97.4% % of listings to expire/terminate:…
Here is where our local markets currently stand. The real estate market data information has been gathered from the local WVMLS. Here is what is occurring in the city of Independence… Average Sales price: Independence had a 12.7% drop in the average price of a home from the same time frame last year. Last year’s…
Here is where our local markets currently stand. The real estate market data information has been gathered from the local WVMLS. Here is what is occurring in the city of Monmouth… Average Sales price: Monmouth had a 5.5% drop in the average price of a home from the same time frame last year. Last year’s…
Here is where our local markets currently stand. The real estate market data information has been gathered from the local WVMLS. Here is what is occurring in the city of Dallas… Average Sales price: Dallas had a 6.1% drop in the average price of a home from the same time frame last year. Last year’s…
Here is where our local markets currently stand. The real estate market data information has been gathered from the local WVMLS. Here is what is occurring in the city of Jefferson… Average Sales price: Jefferson had a 17% drop in the average price of a home from the same time frame last year. While Jefferson…
Here is where our local markets currently stand. The real estate market data information has been gathered from the local WVMLS. Here is what is occurring in the city of Aumsville… Average Sales price: Aumsville has always been one of the more affordable cities in the metro area. As a result, their prices have tended…
Here is where our local markets currently stand. Market data information is from the local WVMLS. Here is what is occurring in the city of Silverton in real estate… Average Sales price: The Silverton market has had many ups and downs over the past couple of years. While it looks like things were holding their…