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
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.
*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.