salem oregon real estate: Salem real estate market report March 2011
- 04/26/11 02:26 PM
The first quarter ended in the world of real estate. I can tell you that personally I saw an increase in buyer activity on my listings and other agents reported the same thing. The proof is always in the data though. Salem had the best first quarter in three years in terms of home sales. Supply met demand as home prices dropped this quarter and buyers responded. You can read the March Salem market reportThe first quarter foreclosure report for Salem and Keizer Oregon's market report for more details about what the local market is doing right now. … (5 comments)
If you want to see the pretty charts and such you can see them on the Get Real Estate Blog. … (13 comments)
salem oregon real estate: Is your agent listening?
- 06/07/10 02:39 PM
I'm always chatting with real estate agents around the country to see, whom is doing what in terms of new marketing. I'm always looking for new ideas to market my real estate listings here in the Salem area. I was chatting with a really great Colts Neck, NJ real estate agent, Andrew Lenza about the use of tours in marketing. He wrote a post about how a buyer for a property fell in love with the house after watching the virtual tour.
Now I do video tours for my listings, but I was curious about how many local homes … (9 comments)
salem oregon real estate: Salem Oregon real estate market for April 2010
- 05/12/10 04:51 PM
The tax credit is over, except for our military personnel that have been overseas, so we are on unsupported territory from here on out in the world of real estate. I'm totally fine with that. I say let's start creeping our way out of this mess. We really won't have a gauge on what is happening, specifically in the Salem Oregon market, for a few months yet.
The fact is that some first timers really wanted the tax credit so we will have a bump in home sales for April through June. I would expect a drop off and then … (11 comments)
Anyone closing real estate transactions these days, or at least trying to, knows that there is nothing easy about real estate, even when it should be. Even the normal "sacred cows of clients" doctors and attorneys, are put through the wringer as if they were all drug dealers trying to commit mortgage fraud. The past two weeks have sucked. There are no polite words for the amount of stress involved in real estate these days, so I won't pretend that there are.
Last week I picked up the phone, half brain … (7 comments)
salem oregon real estate: Salem Oregon Home Trends for February 2010
- 03/12/10 03:23 PM
"Get $8,000 tax credit" scream the real estate sign riders...just in case you weren't aware that it was out there. The count down has been so apparent this past month as the Salem Oregon real estate market started early. Typically I tell clients that the market starts to heat up in April, but agents were running amok this month as things got busy much earlier than usual. Sellers are out trying to get their home sold for the tax credit and buyers are out trying to get the tax credits. So...where does all this frantic activity leave the Salem real … (3 comments)
So what's the news this month? Did we start of the year with a bang or bust? The good news...median home price was down (Yep...that's good news in these parts as home prices need to be more in line with incomes)
The good news…Salem Oregon homes sales were up 6.25% over January 2009.
The bad news…the current home inventory as I write is 15.9 months for Salem Oregon which is a huge surge upward from December's 7 month inventory. Now this really isn't a huge surprise. … (3 comments)
salem oregon real estate: New construction in Salem Oregon
- 02/01/10 10:30 AM
Despite the belief that all builders have gone under, Salem Oregon does still have some new construction occurring, although I will concede that it is at a much slower pace. We have both high end home construction and more affordable home construction occurring here in Salem.
Some home buyers relish the thought of having a brand new home. They love the clean paint, unscratched floors, and unstained carpet. If you are a new construction type of home buyer, you may want to consider some of these neighborhoods in Salem. This is not a completely inclusive list, but rather a sample of … (4 comments)
salem oregon real estate: Salem Oregon real estate (metro area) trends for 2009
- 01/29/10 06:15 AM
The Salem Oregon real estate area has so many small cities that make up the greater Salem metro area. Each has its own dynamics and characteristics. As such the local markets are all in different stages of recovery from still have a ways to go to on its way.
Salem Oregon real estate trend? Down
Keizer Oregon real estate trend? Down
Silverton Oregon real estate trend? Down
Dallas Oregon real estate trend? Down
Monmouth Oregon real estate trend? Down
Independence Oregon real estate trend? Ha! Flat. I'll take that. I was tired of … (3 comments)
salem oregon real estate: Wooden Shoe Tulip Festival in Woodburn Oregon
- 04/22/09 10:07 AM
When I moved from Portland down to Salem Oregon, I was worried about leaving all of my big city things to do behind. Salem is a much slower paced city, despite the fact that it is the state capital. I did learn to slow down, which was hard, and in the process learned to enjoy many of our local community festivals. Salem Oregon is surrounded by many smaller cities that have their own unique identity and festival. Right now, the Wooden Shoe Tulip Festival is going on. Now, we had a funky spring this year and so the tulips were a … (6 comments)
salem oregon real estate: Do you want a slice of buyer pie?
- 04/13/09 02:38 AM
I like to cook. As I am writing this post, I have some fresh bread rising waiting to go into the oven in an hour or so. In fact my 8 year old only-eating-macaroni-and-cheese son told me I was a great cook when I added Canadian bacon to the homemade mac and cheese. I think I'm headed for Top Chef with that complicated recipe... I also make a mean strawberry pie. In Oregon we have a kind of strawberry called Independence. I don't think they go outside of Oregon because they have such a high sugar content that you literally have … (8 comments)
salem oregon real estate: South Salem Oregon: Woodscape Neighborhood
- 04/07/09 08:56 AM
If you are looking for real estate in Salem Oregon and want to live in a stable neighborhood, Woodscape might be a good choice for you. Now Woodscape is actually three separate sections, Woodscape, Woodscape Glen, and the newest part, Woodscape Green. Homes in the original part of Woodscape were built in the 1970's and have more contemporary architecture. These homes are tucked into mini-forests as the builders/developers did a nice job of keeping trees on the property. Now those trees are nice and large. Woodscape Glen was built mostly in the late 1980's-1990's and these are well maintained homes. The … (4 comments)
salem oregon real estate: Grab a glass and enjoy our local Pinot Noir
- 03/19/09 11:40 AM
Okay, okay...this post really has little to do with Salem Oregon real estate...unless you are relocating here and want to learn about Oregon. I like wine and like to support our local vineyards because we have some good wine here. The WSJ (Wall Street Journal) had a nice article and video about Oregon wines.
The State of Oregon Pinot
You can visit my website for a list of local Salem area vineyards. Evesham Wood is really great wine, and I have been known to bring it to the closing table for some of my buyers. Enjoy! … (5 comments)
salem oregon real estate: Who wants to play...Name That House!
- 03/03/09 04:47 AM
Did you know that buyers give homes nicknames to help them remember? When you look at 5-10 homes at a time, buyers tend to nickname a home based on a feature of the home, positive or negative. Every buyer I have worked with has done this to some degree. Last year I was out with a buyer looking for a home here in the Salem Oregon area and we looked at "the red bidet house" (as it became called by my buyers) and Name That Tune jumped into my head.
There used to be a TV game show on when … (13 comments)
salem oregon real estate: Cell phone...check...laptop....check...compass...what?
- 12/02/08 10:13 AM
My husband is directionally challenged. In fact he is so bad that whatever his instincts tell him to do, he does the opposite. He says he has a 95% hit rate of heading the right direction that way. Me...I have pretty good directional instincts. He tells me which way to go and I ignore him. We have a much better chance of getting to our destination that way. Not too long ago I sat down with some new clients who wanted to buy a house here in Salem Oregon. As we went over their needs, they nervously fidgeted about their last need … (27 comments)
For residential homes sales in Salem, Oregon... The 180 day trend: Average sold price: $223,076Average 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 % of listing price to sale price: 97.5% Average DOM: 125Listed … (3 comments)
salem oregon real estate: Stop and smell the....definately NOT roses
- 08/24/08 05:02 AM
The exterior of the home was beautiful. Brick masonry adorned the front of the home with wonderful accents that would make any buyer feel affluent. We laughed as we walked up the stairs to view the home. As we hit the top of the stairs, I started to sniff. What was that? As I cracked open the front door, I was almost bowled over. A gust of sour milk. Right in the face.Ugh..."Guys, I said...the house stinks."Brave souls that they were, they ventured inside the home. The littlest one, holding her nose ran through the vacant home waiting to be let into the back yard. … (18 comments)
I love old homes. I love the details and wondering what the owners were like 100 years ago. I like seeing the original water closet as it is reminiscent of our past and where we have come from. Salem has several designated historic districts, including one downtown. We have two residential historic districts Bush Park/Gaity Hill and Court-Chemeketa. Last year I helped a local buyer purchase an old home. Completely neglected, this home was the blight of the historic district. Inside the original wood floors, window panes, and trim screamed for someone to restore the home. The claw foot … (4 comments)
salem oregon real estate: From old to newer in Englewood...East
- 08/18/08 11:22 AM
View Larger Map I just wrote a post a couple of days about about "old" Englewood. Despite the fact that Englewood is one area, there really are to vey different atmosphere's to the neighborhood. East Englewood runs from 23rd to around Park and is made up of homes built in the 1950-1970 range. Variations on a ranch could be the theme for this part of Englewood.While the neighborhood is very stable, it doesn't have the variety of architecture of older Englewood. I wouldn't call it cookie cutter, but it does lack some architectural diversity.East Englewood neighborhood feeds into Hoover Elementary School, Parrish … (0 comments)
salem oregon real estate: Oblivion here I come.
- 08/16/08 02:11 PM
Everyone has their favorite sources to read. 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. Y'all know where I'm going with this right? 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, you can use your credit card to pay your home mortgage. 48 lenders are participating, and these are not small lenders. The big guys are there. The cost, according to the … (7 comments)
Neighborhood real estate at its best delivered to you by a Principal Broker licensed in the state of Oregon. Get a peek into my inner data geek with my extensive Salem Oregon real estate trending graphs, or stick around to see if my sarcastic wit rears its ugly head. Either way, read, hopefully enjoy and find it helpful, then you know the drill...call/email/tweet me for help with your real estate needs.
The first quarter ended in the world of real estate. I can tell you that personally I saw an increase in buyer activity on my listings and other agents reported the same thing. The proof is always in the data though. Salem had the best first quarter in three years in terms of home sales. Supply met demand as home prices dropped this quarter and buyers responded. You can read the March Salem market reportThe first quarter foreclosure report for Salem and Keizer Oregon's market report for more details about what the local market is doing right now.
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