Sherwood Oregon Real Estate Market Update - December, 2008
Is this really my homes value? Take a look at how market reports read...
Getting accurate home value information online can be a daunting task. Places like Zillow for example provide an easy to use system that by all means is a convenient consumer service, but they’re consistently off the mark. In most cases in either direction by $20,000 give or take some.
Often times, agents will provide a market report, but this can just be generalized information. For instance, if you live in Sherwood Oregon and are thinking of selling your home, you might be looking at a report that covers total homes sold, the average selling price, average dollar per square foot, days on market, current number of listings for sale, and your local median home price.
While this is good local data, it’s still far too broad and not localized enough for “your” home. These numbers don’t take into account lot size, acreage, luxury estates, expired listing data or lease options for example. A true market report or CMA will consider your neighborhood, criteria, school district, your homes special qualities and so on.
Example 1 - General Sherwood' “Market” Report as of December 7th, 2008...
Real Estate Price Trends
The median single family home price as of December 07 2008 for SHERWOOD is $425,910
Housing Market Conditions
With a Market Action Index as of December 07 2008 at 14.49, SHERWOOD is currently a buyer's market.
Home Sales and Demand Trends
The average property in SHERWOOD as of December 07 2008 has been on the market for about 145 days.
Price Per Square Foot
The median price per square foot for homes in SHERWOOD as of December 07 2008 is about $179
Homes for Sale
There are about 245 properties on the market in SHERWOOD as of December 07 2008.
Example 2 - Residential Sherwood “Market” Report - Residential Homes ONLY, Lots Not Exceeding 9,999 Square Feet in Size....
*While reviewing, notice the variation from the general market report above. If you have a home that fits in this residential criteria, you can see from the facts shown, how much closer wer're getting to your actual comparative results. This is a great example of how much zeroing in "really" needs to be done when pricing "YOUR" home. If you are selling land/acreage, new construction, multi-family or a luxury home for instance, there are specifics - important to your criteria that will cause your report to produce a whole different set of results. This is why a detailed CMA from a "local expert" who understands the variables, what they actually mean and can hear what the market is telling us is critical.
Homes for SALE
There are 159 Residential Homes on the market in SHERWOOD as of December 07 2008.
Average Days on Market (DOM) 104 / Average SQFT: 2,128
Average List Price: $352,489 / Average List $ Per Sqft: $166
PENDING Homes
There are 20 Residential Homes PENDING on the market in SHERWOOD as of December 07 2008.
Average Days on Market (DOM) 78 / Average SQFT: 1,973
Average List Price: $296,420 / Average List $ Per Sqft: $150
Homes SOLD
Since 11/01/2008 there have been 18 Residential Homes SOLD in SHERWOOD as of December 07 2008.
Average Days on Market (DOM) 70 / Average SQFT: 1,943
Average List Price: $300,775 / Average Sold Price: $294, 706
Average List $ Per Sqft: $155 / Average Sold $ Per Sqft: $152
So, what will "MY" home sell for in today's market?
The ONLY way to get that “down to the dollar price” for your home, is through a detailed comparative market analysis (CMA) provided by an “active agent” that really understands not just the community you live in, but the homes in “your” neighborhood and “your” school district. For the best results, a local expert.
As leaders in real estate for Sherwood Oregon and the surrounding areas, we’ve literally done HUNDREDS of these. Every day, whether it is a CMA request to pricing a home to compete on the market we have our finger on the pulse every beat and every step of the way. We know where it’s been, where it’s at, and where it’s headed.
The Gardner Team understands the value of good market data and its importance to you. We invite you to contact us for a free/no obligation consultation on “YOUR” home. We’ll bring you a detailed portfolio with up-to-the-minute data, neighborhood and local area information to include easy-to-read graphs, trends, statistics and full comparables of direct competition as it relates to your home – and it’s yours to keep! In addition, we’ll provide a personalized marketability plan on how we’ll propose to sell your home should you decide to list your home for sale… Our compliments, no strings attached.
Keep in mind the many advantages of working with The Gardner Team. Being #1 Producers for 2008 home sales means that you’ll be represented with the experience you depend on, reputation you trust and results you require. More on why you should work with The Gardner Team – Click Here!
Your Partners in Real Estate,
Jason & Amber Gardner (971) 832-1234
#1 Producer, 2008 / John L. Scott, Sherwood
Accredite Luxury Home Specialist (ALHS)
Accredited Home Staging Specialist (AHS)
Diamond Platinum Multi-Million Dollar Club (MDC)
Comments(0)