For the week of March, 24th 2014 residential single family homes for sale in Sandy, Oregon have a median asking price of $239,700, whereas the average list price is currently $272,766. The housing market is showing some mixed signals as prices drop and the average time it takes to sell a home also drops. Shorter sale times indicates healthy demand from well-qualified buyers and the dropping prices show that sellers are also motivated to make a deal happen. Some have described market conditions in Sandy, Oregon as a “buyer’s market” in that inventory of available listings is increasing while prices are dropping. Buyers looking to move out of the city and experience country living make homes on acreage, horse properties and view properties more highly sought after than homes in Sandy on city lots. The Market Action Index indicates that it will take a large shift in terms of supply and demand for prices to make any major changes. We’ll keep an eye on things as real estate heats up with the coming spring and summer weather.
Quartile Data, Sandy Oregon Real Estate For Sale
Top tier homes for sale in Sandy, Oregon feature lot sizes averaging 1-2.5 acres and have an average price of $382,000. These top tier homes feature homes averaging 2,200 square feet, built about 20 years ago and are selling in about 175 days. Upper/second tier homes are on city lots and are fetching an average $249,950 and feature an average 1870 square feet and are on 4,500-6,500 square foot lots. These second tier homes are an average of seven years old and were built in the real estate run-up that culminated in the housing crash. Third tier homes are very similar to second tier homes but feature 1755 square feet on average and come in around $225,000 and are situated on very small lots of about 4,500 square feet. Fourth tier homes for sale in Sandy average a $189,000 asking price, 1,466 square feet and lot sizes around 4,500-6,500 square feet and were built about 13 years ago.
Homes On Acreage In Sandy, Oregon Clackamas County
What the above Quartile Data does not tell you is that there are many excellent horse properties and homes on acreage surrounding the town of Sandy proper. Recent subdivisions in the town skew the quartile data but don’t let that fool you; there are expansive properties with rolling acreage, farmland, pastures and equestrian amenities. These Sandy area homes on acreage are priced according to the size and condition of the home, the lot size and usability of the lot’s acreage and of course the location. Miles of rural properties surround the town and factors such as commute to Portland can also greatly influence price.
Whatever you’re looking for in Sandy, Oregon real estate, we’re here to help you find it.