A series of posts about Marion county real estate market conditions.

The struggle with Silverton

Silverton Oregon real estate…what’s going on? Silverton has probably been one of the local Salem Oregon area real estate markets that has struggled the most.  Where Keizer is almost at a normal state, Silverton continues to struggle coming down to reality. Why do I say this?  I mean the numbers are definitely looking better for…

Onward neutral market

I’ve talked about Keizer a lot. It was a bastion of sanity while the rest of the Salem Oregon real estate markets were going in the toilet.  Keizer flat lined and then plunged, but still remained some semblance of decency during it’s drop.  Keizer did what I think most of the Salem Oregon area real…

It’s time to take inventory…

I’m the anti-pack rat.  Every year I go through my stuff and take inventory, if I haven’t used it in two years (with some exceptions) it needs to be sold or go to goodwill.  You’d think my house would be amazingly clean and clutter free, but it’s amazing how much junk kids can collect…I’ve got…

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 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…

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…