market trends: Ten Questions a Seller Should Ask an Agent Before Listing - 01/12/16 08:04 AM

1. Why should I list my property with YOU?
2. What do you think my property will sell for and Why?
3. What are the “Pros” and “Cons” of my property?
4. What changes/improvements should I make to my house?
5. What are your specific negotiation strategies?
6. How many properties have you listed in the last 12 months?
7. Specifically, how will you market my home?
8. Do you have a Team or are you a Solo Agent? Your team consists of…
9. How many showings should I expect to average per week?
10. Other than yourself, who would you recommend I list my home with and why?
 
Any good … (1 comments)

market trends: West Salem Real Estate Report - 01/12/16 07:58 AM

The West Salem real estate market, all of zip code 97304, was historically strong in 2015. All data points show a strong gain from 2014 to 2015. There were 543 resale homes sold in 2015. That is an increase of 37% over 2014. The average price of sold homes also rose significantly in 2015. The average sale price in 2015 was $239,210, compared to $219,763 in 2014. That is an increase of 8.8%. The last strong indicator in determining the strength of the     market is the Total Days on Market. This helps show how long a home was for sale before … (0 comments)

market trends: The 2016 Forecast Breakdown - 12/24/15 03:58 AM

Predictions for the New Year’s real estate market include forecasts of a healthy market with steady growth similar to 2015. While some market areas have still not recovered their home value prior to the recession, the 2016 market is expected to raise home values in most areas and hail the return of a more normal housing market.
 
One of the areas often found lagging behind the recession and housing bubble recovery continues to be rural areas that have smaller buyer pools. As 2016 is expected to see retirees, millennials, and younger generation x’ers (ages 35-44) comprising the majority of the buyers’ … (7 comments)

market trends: Kelly's Portland Metro Market Review - 12/24/15 03:10 AM
October's Months of Inventory for the Portland Metro Markets:
 
 
The months of inventory (MOI) for the Portland Metro markets, including Washington, Multnomah and Yamhill County, has continued to decline through October and November. The further decrease in MOI occurred for all price categories from $200,000 to $1,999,999. Though, similarly to October, the decrease in MOI is not due to increased home sales. Instead, decreased MOI reflected the reduce number of active listings in all categories. Listings priced between $200,000 to $399,999 saw the greatest decrease of inventory while retaining the largest buyer pool.
 
As the percentage of pending sales per total listings has … (0 comments)

market trends: Kelly's Portland Metro Market Review - 12/01/15 01:24 AM
 
 September’s Months of Inventory for the Portland Metro Markets
 
 
 
The months of inventory (MOI) for the Portland Metro markets, including Washington, Multnomah and Yamhill County, continue to remain relatively steady from August to October. While the MOI across all price categories has dropped slightly since last month, the decreased MOI isn’t reflective of increased home sales. Instead, the slight decrease in MOI seen between September and October reflects the decrease in active homes on the market as sellers begin to withdrawal their listings through the winter months and holidays.
 
While most of our listings are beginning to see a decrease in showings, the … (2 comments)

market trends: Knowing When to Do a Price Reduction - 11/03/15 08:15 AM
As a home seller, you want to net the highest possible price for your property. However, as the real estate market is constantly fluctuating, it may mean that the ideal listing price changes. Occasionally, by reducing the listing price, sellers can ensure that their property is comparably priced against similar homes to be in front of the largest pool of poten-tial buyers. This helps ensure consistent showings and can encourage multiple offers to bring a higher sale price than would be otherwise gained without a price reduction.
 
So, how do home sellers know when it is time to consider reducing the price? … (2 comments)

market trends: Kelly's Portland Metro Market Review - 11/03/15 07:42 AM
August’s Months of Inventory for the Portland Metro Markets
 
The months of inventory (MOI) for the Portland Metro markets, including Washington, Multnomah and Yamhill County, have remained relatively steady through August and September as the summer rush of home sales has remained steady through both months. However, the increased MOI in September for homes priced between $1,000,000 and $1,999,999 is representative of reduced buyers in this price range. Typically, through the fall and winter, we forecast an increased MOI across all price ranges as many home buyers postpone moving between school years and the holiday season. Homes priced at $299,999 and below … (0 comments)

 
Kelly Hagglund, SW Portland Real Estate Expert (The Kelly Group Real Estate)

Kelly Hagglund

SW Portland Real Estate Expert

Newberg, OR

More about me…

The Kelly Group Real Estate

Address: 215 N Blaine St, Newberg, OR, 97132

Office: (503) 730-9999

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