Januray 13th, 2014 Beavercreek Oregon Market Update

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Residential acreage for sale in Beavercreek, Oregon
currently has a median asking price of $397,000 for the week of January 14th, 2014. And, the market seems to be indicating that those prices may be higher than today’s buyers are willing to pay (based on the fact that few homes are selling at current prices). Following this trend, average time on market is strongly increasing while median asking price is decreasing. Indicators show that a strong increase in activity from well-qualified (and well-heeled) buyers interested in equestrian properties and homes on acreage.

The highest property quartile averaging a median price of $644,000 is averaging a very long 383 days on market while upper/second tier homes at $429,000 average price are selling in a (relatively) low 202 days on market. Only the bottom quartile at $244,950 seems to be selling decently at 124 days on market which shows that today’s buyer are certainly cost-conscious. Realtors and landowners alike remain cautiously optimistic about what the coming spring and summer selling season will hold but other factors such as wages and economic stability may well hamper any price booms.

Best Regards,
R

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