Beavercreek Oregon Housing Market 03-24-14

For the week of March 24th, 2014 residential single family homes for sale in Beavercreek, Oregon have an average list price of $410,450. Properties in this area are taking an average of 223 days on market to sell. Inventory of homes for sale is dropping as is the average time on market. Buyers interested in homes on acreage and horse properties are driving up the median list price as well as the average cost per square foot of homes in Beavercreek, Clackamas County Oregon. While increasing average prices may encourage sellers, another data point to consider is that the “Market Action Index” is dropping which may indicate flagging interest from well-qualified buyers. A lowering Market Index can at times predict a slowing or settling market. Taken together, these contrasting trends of lowering Market Index and increasing prices may cancel each other out and indicate something of a plateau*.

Beavercreek Homes On Acreage: Supply & Demand

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More homes are coming on the market in Beavercreek, Oregon than have sold in the previous week. A number of these listings are horse properties featuring acreage and equestrian amenities such as barns, stalls, pastures and arenas depending on price range. Also worth noting is that many properties can be further improved after the purchase so long as improvements etc are approved under county building codes and land use guidelines. While demand may be dropping for the short term it’s worth noting that Beavercreek is a small market so trends may be exaggerated by a small number of sales or new listings on the market and may not be trends that apply on the larger macro scale of Clackamas County homes on acreage as a whole.

Residential Real Estate In Beavercreek, Clackamas County Oregon

Quartile data gives interesting insights into the housing market for Beavercreek, Oregon. Top tier homes are at a median asking price of $787,000 and feature expansive 20+ acre lots and 3,000 square foot homes. Undoubtedly, upscale equestrian amenities will be found aplenty in many of these fine properties. Not surprisingly, these top tier homes have been on the market an average of 315 days which indicates that while many may want such properties, fewer may be comfortable paying the hefty price tag. Upper second tier properties also feature expansive acreage lots with an average of 20+ acres each and come in at a relatively affordable $450,000 median list price. These second tier homes average age is 41 years old while square footage is down to 2006. Third tier homes are similar in age to second tier whereas the acreage is down to 2.5-5 acres on average and the list price is at $397,000. The lowest price quartile for the area comes in at $250,000 with lot sizes down to 1-2.5 acres and square footage coming in around 1,800 square feet.

03-24-14 beavercreek real estate quartile data

*This should not be taken as a prediction or investment advice as no person (Realtors included) can truly predict the future with any certainty. None of the material herein constitutes a promise or assurance of any future financial gain or loss.

Boring Oregon Market Update 03-24-14

Single family homes listed for sale in Boring, Oregon are at a current median list price of $372,200 whereas the average list price is $399,327. The average time it takes to sell a residential property in Boring is remaining stable at at 188 days on market. Inventory of homes for sale is increasing, which may be a sign of more sellers willing to get their feet wet as prices increase and some of the housing crisis woes are put behind us. What remains to be seen is whether this combination of increased properties and acreage parcels available and the increasing prices can remain in lockstep. As the theory of supply & demand has it, this increased supply may satiate demand and either cause a price dip or at least slow the price increase. Time will tell, as historically low inventory has created something of a vacuum in the housing sector.

Factors When Considering Residential Acreage For Sale in Boring, Oregon

With asking price rising along with the number of homes on acreage for sale also rising one may question the sustainability of the market. However, another factor worth considering is the quality, size and type of properties being listed. For example, more higher end homes may be coming onto market in Boring and skewing the statistics or homes that are similar but have value adding features such as riding arenas, equestrian stables, farmland or pastures may increase the value of one home over another that may look very similar otherwise.

Boring, Oregon Rural Homes, Quartile Market Data

Homes in the top two price tiers feature average lot sizes of 2.5-5 acres with the top tier homes averaging 10 years old and upper/second tier homes coming in at 34 years old. Other differences between top tier and upper/second tier are average square feet, at 3374 and 2405 respectively. Top tier homes for sale in Boring, Oregon are lingering on the market for an average 344 days which may be explained by their lofty $606,000 price tags whereas upper/second tier homes are selling in 136 days with an average price of $414,150. Lower third tier homes come in at $349,475 average asking price and sit on 1-2.5 acre average lot size. These third tier homes average 43 years old and 1664 square feet. The most affordable homes fall into the fourth pricing tier at an average asking price of $196,950 and sit on parcels 1-2.5 acres in average size. All pricing tiers but the top tier spend an average of 136-138 days on market while top tier properties take more than twice the time to sell.

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March 10th, 2014 Market Update

Estacada, OR 97023

In Estacada, OR homes are at a median price of about $244,000 and it looks to stay around that figure for the near future. You can find homes/properties in this area ranging in price from $45 thousand to 2.3 million. Despite the recent slowing in the market, sellers still have the advantage over buyers. The almost 80 homes for sale in Estacada are seeing a 22% price decrease, so the time to buy is now.
Of the almost 80 homes for sale, you can find an even selection of homes in each quartile. The top/first quartile homes are seeing a median price of about $650 thousand, and the bottom/forth quartile is seeing a median price of about $180 thousand. Most of the homes include 3 bedrooms and 2 bathrooms. The lower/third quartile homes are very new, whereas the upper/second quartile homes are about 45 years old. All the homes/properties for sale stay on the market for at least 135 days, so a wide variety of homes are available for buyers in all price ranges.

Molalla, OR 97038

This week in Molalla, OR a little over 80 homes are for sale. Homes/properties are on the market for almost 200 days. With homes in Molalla sitting at a median price of about $220 thousand, and will remain that way for the near future. Buyers see an advantage over sellers. Inventory is looking to rise, so a larger variety of homes will be available for purchase. Generally, Molalla horse properties on acreage are generally in the upper quartiles.
Homes/properties in Molalla are seeing more of a demand for buyers. Higher priced homes are taking longer to sell than the lower priced homes. Homes are currently seeing an almost 30% price decrease as of late. Also, in the last 170 days half the homes have come on the market. The time is right to purchase a home in the Molalla area. The pressure is on, so pricing is moving downward.

Sandy, OR 97055

The inventory is up in Sandy, OR as of Monday, March 10th, 2014. With the inventory being up, we are seeing the average days on the market going down. Buyers are at an advantage when purchasing Sandy, Oregon Acreage For Sale. With the number of homes going up, a ton of pressure is being put on sellers to lower property prices.
All quartile prices are remaining pretty consistent. Prices remain higher, but with the increase of homes for sale going up, we could see prices go down. Also, with a higher inventory, a wider range will be available for buyers and a great selection will be available for home seekers.

Boring, OR 97009

For the week of March 10th, homes in Boring are seeing an average list price of about $405,000. Homes are on the market for almost 200 days on average. The market in Boring is trending upward in recent weeks, giving buyers an amazing advantage. Like Sandy, Boring homes will see a downward price pressure.
Prices in Boring are ranging from about $45 thousand to about $900 thousand. Prices in all quartiles have been pretty steady in all quartiles, but you can find an even spread of homes in all quartiles. Half the listing have become available in the past 140 days. Buyers should take the opportunity to purchase a home when the current listings will look to see about a 25% price decrease.

Sandy, OR 97055 Housing Report 02-24-2014

As of Feb. 24th, homes and properties in Sandy, OR are seeing a median list price of about $240,000. The median list price per square foot is staying at a consistent rate of $140 per square foot. The average days on the market are about 180 days, but we are seeing a strong decrease in this trend. Given those trends, Sandy homes are at a buyer’s advantage. Continue reading

Boring, OR 97009 Rural Housing Report 02-24-2014

With just under 45 homes on the market as of February 24th, we are looking at a relatively consistent market in Boring, OR. We are seeing an average list price of just under $400,000, with the asking price per square foot at $170 per square foot. With the market being as such, buyers are still seeing an overall advantage over sellers. Continue reading

Molalla, OR 97038 Real Estate Report 02-24-2014

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Molalla, OR has been seeing a steady increase of property listing duration of time on the market, with an average of just under 195 days as of February 24th, 2014. Molalla listing prices are sitting at an average of almost $300,000. The current number of homes for sale is just under 85, and that number is looking to drop. With the number of homes for sale decreasing, buyers are still at an advantage for the time being although fewer available homes may change that down the road.
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Damascus, OR Market Report 02-26-2014

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Damascus, OR 97089 Housing Market Update

As of February 24th, 2014, residential properties in Damascus have remained unchanged since last week. The average list price is sitting at about $410,000. Damascus homes are generally on the market for about 140 days. With everything staying steady in Damascus, the market continues to be at a buyer’s advantage. This will remain until we see changes in this area.
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01-14-2014 Sandy Oregon Real Estate Update

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For the week of January 13th, 2014 the Sandy, Oregon real estate market has a median asking price of $239,950 for currently active residential listings. While inventory is decreasing the average days homes stay on the market is increasing which could indicate a settling in the market or merely a brief seasonal pause. Continue reading

01-13-2014 Estacada, Oregon Housing Market Report

Homes for sale in Estacada, Oregon have a median list price of $247,650- with an average marketing time of 211 days. Inventory of available properties on acreage is dropping while prices remain attractively low (at least for the time being). Continued demand from strong buyers could result in values appreciating as the new year rolls on into the traditionally strong buying season of spring/summer.
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