Moving to Silverton Oregon? Here are some locally written posts about the Silverton area and what to expect if you choose to live in that city.
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…
With the kind of ugly nature of the Silverton Oregon real estate market for 2008 and 2009, its not surprising that foreclosures are up a lot here. Silverton Oregon Foreclosure Rates This chart shows notice of defaults that were served in Silverton Oregon in 2009, according to Fidelity National Title Co. In Silverton Oregon, there…
The Silverton Oregon real estate market has been one of the unhealthier real estate markets in the Salem metro area for a while now. While this is still the case, it has made some steps towards improvement and correcting. It still has a ways to go, but at least the trend is pointing in the…
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…
I had posted last month about Silverton Oregon’s real estate market stubbornness and sellers unwilling to concede that home prices needed to drop. I’d take credit for the correction that occurred there, but I know I really don’t have that much control over the market… Home prices seem to have finally started correcting this quarter. …
Silverton started the 2009 year with 35 months of inventory, dropped to 27 and now is up at 30.5 months. That is 2 1/2 years worth of inventory. Too much. 30 day absorption rate: 4 Inventory: 30.5 months Average Price: $255,625 Median Price: $230,500 DOM: 184 Again due to the small numbers of sold…
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…
The second quarter has ended for the real estate market. 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 average sales price so far this year is $279,213 up 14.9% from…
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. Salem:…
The first quarter has ended for the real estate market. 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 average sales price so far this year is $242,841, down 12.6 %…