A series of posts about Marion county real estate market conditions.
I stated a couple of weeks ago that Salem had the best first quarter, in terms of real estate home sales, in the past three years. Not the highest home prices mind you, but that sales picked up. This isn’t true for the Keizer real estate market. Home sales are incredibly sluggish there right now.…
Foreclosures. We have a love hate relationship with them. We generally love the rock bottom prices that they command, but that often comes along with a 15 page bank addendum offering the bank the right to harvest your organs for use by the CEO’s of the banks. You’ve all heard of MERS, the Mortgage Electronic…
It’s our turn. Give your house away. The new normal. Phrases about the real estate market abound. Supply and demand seemed destined to never work in tandem like we need them to for a healthy market. I couldn’t help but reminded of that phrase “never the twain shall meet” as I stared at data chart…
Like the Salem real estate market, the Keizer market saw a minor uptick in sales. 1 over last year. That counts as an uptick, right? Statistically the numbers are so low you can’t really say anything with accuracy other than the market is still insanely slow. That much, I can say for sure. Of concern…
I could throw out some real estate cliches to start off my post, but I don’t want to send your eyes rolling to the back of your head. Really, it was the best February in the past three years for home sales in Salem Oregon. I promise I won’t spew out every other ad campaign…
The sun was out. There was glare in your eyes. Disorientation ensued. Pigs flew. There is an ice dam on the river Styx. There were locusts. I know I enjoyed our nice sunny weather that we had in some of January here in Salem. I’m thinking that some home buyers got out of their…
The Stayton market has done some great stabilizing this year, but that has more to do with people pulling their homes off the market and just not selling rather than anything else. I fully expected home prices to drop a solid 10% from 2009 as the market fundamentals were all indicating strong downward pressure on…
During the boom the new construction out in Dallas was happening at a rapid rate. With flat cheap land, which is much easier to build on than our south Salem hills, building boomed out here. You know the end of this story. Dallas has had one of the most dramatic price drops of the metro…
I have to say I’m surprised. BUT I’ll take that! Last year I predicted a 10% drop in home prices in Silverton Oregon as the supply and demand was so disconnected I really felt the downward pressure would be too great. Silverton real estate has some good news in that regard. The average home price…
The talk around the real estate water cooler is pretty basic…”so what year are you at?” Some cities are at 2001-2002 pricing, thankfully Keizer Oregon is not. Real estate in Keizer took a header off the diving board in 2009 landing in a nice belly flop in 2010. The chart is pretty clear that the…