salem oregon real estate market conditions: Salem Oregon Real Estate Market Conditions - 06/09/08 03:05 PM
With the end of May, comes the time to look at the monthly market conditions.
The market is currently sitting on a fault line. You know how some fault lines move just a little bit every year so you never have a big earthquake, and others jerk all at once? I … (2 comments)
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salem oregon real estate market conditions: The Wheel of Fugly - 06/06/08 10:12 AM
I'd like to welcome our sellers to the Wheel of Fugly...where market stats are going to make you cry.Category is INVENTORY:Here's the puzzle: __.__% ____ ________ ____ ___ ____ ____ ___ ____.Spin the wheel: Oh, you got ugly. Spin it again: Ugh, ugly again. That's a bummer.Well, you've got a plethora … (0 comments)
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salem oregon real estate market conditions: Are we just spinning our wheels? - 05/15/08 09:56 PM
The National Association of Home Builders released a statement today that builder confidence is down.
"Home builders remained considerably downbeat as market conditions continued to erode in May, according to the NAHB/Wells Fargo Housing Market Index (HMI), released today. The HMI fell a single point to 19, bringing it within one … (0 comments)
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salem oregon real estate market conditions: Current market conditions for Salem Oregon - 05/08/08 02:16 PM
You will always hear agents talking about the market in simple terms: it boils down to supply and demand. So lets look at Salem Oregon's current market conditions based on supply and demand for the first trimester of the year (January -April).
Demand :
There have been 526 home sales in the first … (1 comments)
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salem oregon real estate market conditions: 1st Quarter Market Report for the Salem Oregon Real Estate Market. - 04/02/08 12:19 PM
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.Average Sales price:The average sales price so far this year is $214,957, down 8.3 % from last year's $234,779. What this means for you as a … (0 comments)
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salem oregon real estate market conditions: Salem Oregon Area Real Estate Market Conditions - 03/09/08 01:31 PM
The calls are starting to come in with sellers looking to get their homes listed starting in April. As with all of my listings, I am brutally honest about our market conditions. People are hiring me to sell their home, not just list it.Here is what is occurring in our local … (4 comments)
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salem oregon real estate market conditions: What's in an average? - 02/12/08 10:32 PM
I know, I know you're thinking, what a catchy title! I know I hear the word statistics and it makes me want to go and read an article...yeah...sure
Like many agents, I am constantly being asked the state of the market here in Salem Oregon. With the "decling market ratings" being issued … (3 comments)
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salem oregon real estate market conditions: Market Trends in Salem Oregon - 01/20/08 10:08 AM
The start of a year always looks at statistics and where our market is heading. Looking at different areas of Salem, today I am specifically looking at the days on the market (DOM) trending. This is broken down by the different areas as recorded in the MLS. Keizer DOM have not climbed … (0 comments)
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salem oregon real estate market conditions: Heading for a gentle landing of sorts... - 01/17/08 08:50 PM
Salem Oregon real estate has trucked along at a steady pace for many years. Nothing spectacular worth talking about, just an average community. We did see things go crazy here (crazy in Salemite terms) in 2005 and 2006, but not like other parts of the country. I was looking at housing … (2 comments)
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salem oregon real estate market conditions: And so it begins... - 01/14/08 11:50 AM
"How much do you charge to sell and buy a house?" asked the gravely voice on the other end of the phone."Tell me a little bit about your needs." I replied.The caller was a retired woman in her 70's and her husband in her 80's. The purchased a house at the … (1 comments)
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salem oregon real estate market conditions: Salem Oregon Real Estate Market Conditions - 01/04/08 06:53 PM
It's the start of a new year, which means that I get to spend part of January looking at statistics from the previous year. Ahh...statistics...I think I'm going to need a Starbucks run.Knowing real estate trends is hopefully, one of the many things real estate agents bring to the profession. I … (0 comments)
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salem oregon real estate market conditions: One more reason to be picky about your listings... - 11/24/07 08:40 PM
I was on another online group reading some comments. An agent from the Arizona area stated that in her area, only 6% of homes that were listed were heading to a close this year. So that means that real estate agents are paying out of pocket to advertise 94% of the … (4 comments)
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salem oregon real estate market conditions: If you know a mountain goat that needs a house... - 09/04/07 11:15 PM
This weekend I was out with some buyers looking at homes. After looking at the 70 choices that met their criteria, we narrowed it down to 13 that they most wanted to see The last house that we looked at was built by a fairly large local builder, who often has unusual floor plans. … (6 comments)
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salem oregon real estate market conditions: Salem Oregon Market News - 09/03/07 08:59 PM
"Mortgage turbulence on its way"
screams the front page of our local Statesman Journal newspaper.
Subprime loans while common in other parts of the country, were much less common here in Oregon. After the first quarter of 2007, Salem had the lowest level of foreclosed properties according to the article. Sounds good...
until you … (0 comments)
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salem oregon real estate market conditions: Delusional Thinking-New Construction in Salem Oregon - 09/01/07 09:41 PM
I was out today with some buyers who are relocating to Salem Oregon. They want a new (2006) or newer built home. After narrowing down their choices to 13, we forged ahead with our day. After walking through several nice homes, we came to a home that we had seen before … (1 comments)
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salem oregon real estate market conditions: The Statistics Game - 08/24/07 10:01 PM
A client of mine recently emailed me an article that appeared in her local California newspaper about strong real estate markets. Salem, OR was listed as one of them with double digit appreciation. I was stymied by this as all of my local data was indicating appreciation, but in the 5.95-6.05% … (1 comments)
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