Tag Archives: oregon

Clackamas Short Sale & Housing Report 10-03-2014

Sandy, Oregon Housing Update

The real estate market for Sandy, Oregon has been cooling off in recent weeks. Inventory of available listings, median asking price and average days on market have all stayed more or less flat; although market action in the form of buyers making purchases has been on a somewhat downward trend. The latest Sandy, Oregon housing market statistics don’t point in a clear direction either up or down. However, if buyer activity remains weak it may result in downward pricing pressure in the coming fall and winter season. Currently there are 174 residential real estate listings in Sandy, Oregon of which 18 listings are short sales. If you’re behind on your mortgage and want a positive solution give us a call today. We’re SFR (Short sale Foreclosure Resource) Certified Realtors with the experience to get the job done right.

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    Quartile Housing Data: Sandy, Oregon

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  • Top/1st Housing Quartile for Sandy, OR: 1st quartile properties For the greater Sandy area have a median asking price of $540,000. These homes average a spacious 3200 square feet on expansive acreage lots in the 5-10 acre range. This category averages 115 days on market. With one home purchased and no new listings in the category it will be interesting to see how home values and market conditions develop in this category.
  • Upper/2nd Property Quartile in Sandy, OR: At $309,000 offered price for homes around 2082 square feet on 0.5-1.0 acre lots, the upper/2nd real estate quartile in Sandy, Oregon represents a comparable value (albeit sans the acreage of the 1st quartile). With 3 new listings compared to 2 sold in the price range we could see a few of the higher-priced homes in this quartile reduce their prices if things continue as such. That said, at 94 days on market at least there’s decent turnover.
  • Lower/3rd Real Estate Quartile for Sandy, OR: Value priced at $239,394 these homes are generally newer construction around 1753 square feet of living space placed on very small subdivision lots averaging less than 4500 square feet of total lot size. Average year built for this category is 6 years ago, meaning that many of these homes were purchased and/or constructed on the cusp of the housing crash. As such, those who purchased homes in this category may be trying to sell and may also fall into the short sale category. With 4 new listings and 3 sold listings some people are managing to sell. Although the 3rd quartile’s 166 days on market is the highest of all the quartiles in Sandy, Oregon.
  • Bottom/4th Housing Quartile in Sandy, OR: Sandy, Oregon homes for sale in the 4th quartile have a median of $194,900 for with an average of 1492 square feet of living space on decent sized neighborhood lots around 8,001-10,000 square feet. There were 4 new listings and 0 sold listings in this 4th quartile. Which could be a big sign that prices may be about to settle unless some of these reasonably priced listings sell soon.

Canby Short Sale & Housing Market

The median asking price for Canby, Oregon real estate listings is currently $319,900 with an average of 144 days on market. The average time a property stays active on RMLS has been steeply trending up as of late while the number of properties has been falling. There are 134 residential Canby real estate listings of which 14 are in short sale. We may be witnessing early market softening in terms of days on market increasing and decreased activity from strong, well-qualified buyers. Some seasonal slowing is normal and can keep prices from inflating into another bubble. However, too much slowing could lead to more rounds of price reductions. If you need to sell your property in Canby, Oregon but need a short sale specialist make sure to call us to learn how our experience can help you.

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    Canby, Oregon Housing Market Quartile Data

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  • Top/1st Quartile Canby, OR: Top tier properties for sale in Canby, Oregon are at a median of $539,000 for homes in the 2613 square foot range on acreage lots averaging 5.0-10.0 acres. These top-tier Canby, Oregon homes for sale have spent an average of 196 days on market although for this week, 2 have sold with no new listings in the category.
  • Upper/2nd Quartile Canby, OR: Homes in this category are listed at a median of $356,950 with 131 days on market. Upper/2nd quartile Canby real estate listings average 2231 square feet of living space on lot sizes in the 8,001-10,000 square foot range. Unlike the 1st quartile, these Canby residential properties are selling at a faster rate, with 131 average days on market.
  • Lower/3rd Quartile Canby, OR: At a median of $292,450 and 1863 square feet of living space the lower/3rd quartile may be more popular due to affordability. This category’s 119 average days on market makes the lower/3rd quartile the fastest selling property group in Canby, Oregon’s housing market. The 2 new listings don’t quite replace the 3 sold in this Canby real estate quartile.
  • bottom/4th Quartile Canby, OR: Median list price for the lowest Canby real estate quartile is $220,000. Homes in this category average a modest 1376 square feet of living space on a neighborhood lot size similar to the 2nd and 3rd quartiles. The main distinguishing factor is that these 4th quartile properties have less living space and were constructed an average of 17 years before the 3rd quartile listings. With one new listing and none sold, there isn’t much activity to report for this category.

Molalla, Oregon Housing, Short Sale Report

Real estate in Molalla, Oregon has been somewhat flat lately, with the median asking price for residential homes for sale at $249,900 with an average of 147 days on market. Inventory is trending up while market action from well-qualified buyers is flagging somewhat. Please note that some seasonal adjustment is normal for a healthy real estate market so it remains to be seen whether we’re witnessing a nascent settling period or merely a seasonal pause in housing market activity. Currently, 15 of the RMLS listings in Molalla are in short sale, out of 108 total residential listings. Recent price improvements have lifted many home owners out of the red but there’s still a high number of properties that qualify for short sale in Molalla. If you’re behind on your mortgage and want a constructive solution, call us to learn more about how a short sale can help you. We’re experienced, SFR Certified Realtors and we’ll get the job done right.

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    Molalla, Oregon Housing Quartile Information

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  • Top/1st Quartile Homes in Molalla, Oregon(acreage): These top tier Molalla, Oregon properties feature the wide open spaces you’ll only get with 20+ acre lots. All that acreage comes at a price though, with the current median asking price at $599,498. Homes in this category average 2793 square feet of living space meaning there’s room for the entire family. With 3 new listings, 1 sold, and 226 average days on market there may be price reductions in the future of these sought-after acreage and equestrian properties.
  • Upper/2nd Quartile Molalla Properties(acreage): Homes in the upper/2nd category for Molalla, OR have a median offered price at $349,250 with more modest acreage lots in the 5.0-10.0 acre range and an average of 1667 square feet of living space. There has been little activity in this price range either way with no new listings but only one property sold. Average days on market are at 153.
  • Lower/3rd Quartile Properties in Molalla, OR: Homes in this quartile are on neighborhood sized lots in the town of Molalla proper; as compared to many of the higher end properties that are on acreage lots outside the city limits. With 1460 square feet of living space and only 66 days on market it appears that buyers have been very active in this category. Although with 4 new listings compared to only one sold it may be that buyer activity is tapering off.
  • Bottom/4th Quartile for Molalla, OR: These entry-level Molalla, OR properties are listed at an affordable median of $145,000 and average 1310 square feet of living space. Lot size is very similar to the listings in the 3rd quartile with homes in the bottom quartile averaging a bit newer in terms of year built. With 146 days on market, Molalla real estate in this category isn’t exactly flying off the shelves. There wer 3 new listings and 2 sold properties in this category.

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Estacada, Oregon 36 Pit Fire News Update 09-15-2014

*Page Updated Periodically*
36 Pit Fire has spread south of clackamas river and thus far 7 homes have been evacuated. Additionally the Silver Fox RV park has been evacuated as well as a few local camp grounds. Officials state that the fire is zero percent contained as of noon on Monday (September 15th, 2014). The latest reports put the fire at roughly 2,800 acres and expanding rapidly at this time. A special task force will be taking control of firefighting operations at 1700, today (5:00 pm PST 09-15-2014).

17:00 09/15/2014 Update

Ground crew firefighter injured by falling tree at Silver Fox RV Park. Reported broken leg, AMR Ambulance en route. Fall Creek level 3 evacuations in progress. Source: Estacada Fire Dept.

16:55 09/15/2014 Update

Fall Creek Road and Michael Road (east of Estacada) under level 3 evacuation order at this time. Source: Estacada Fire Dept.

16:50 09/15/2014 Update

Joe Schwab, Estacada Fire Dept: “There is now a 20 acre spot fire in the area of Tumula, Fall Creek, Divers. This fire is a threat to structures. There are Level 2 evacuations on Divers east up Tumala and Level 3 on Fall Creek from Divers all the way up. Command is there now. A task force and EFD units are there now.”

126 homes under level 2 evacuation orders at this time.

Video of DOT Crew Clearing Landslides off Highway 224 36 Pit Fire

Fire as of Monday Morning Aerial View:

As of Monday morning fire officials confirm that the fire has spread to over 2,300 acres and is still rapidly growing.

Photo Gallery: 36 Pit Fire Clackamas County, Oregon

Smoke Plume Visible From 10 Miles Away 4:30pm Saturday Afternoon

Smoke Plume Visible From 10 Miles Away 4:30pm Saturday Afternoon

View of Smoke Plume from Estacada, Oregon 4:30pm Saturday Afternoon

View of Smoke Plume from Estacada, Oregon 4:30pm Saturday Afternoon

Flames crest hill at 6:30 pm Saturday afternoon

Flames crest hill at 6:30 pm Saturday afternoon

6pm Saturday afternoon. Fire crests over ridge pushed by east winds.

6pm Saturday afternoon. Fire crests over ridge pushed by east winds.

A helicopter drops water on the pit 36 fire in Clackamas County Saturday Afternoon

A helicopter drops water on the pit 36 fire in Clackamas County Saturday Afternoon

flames can be seen through the trees.

flames can be seen through the trees.

8:00pm Saturday evening. Intense flames driven by wind cause the fire to grow tenfold overnight.

8:00pm Saturday evening. Intense flames driven by wind cause the fire to grow tenfold overnight.

pit 36 fire in Clackamas County grows exponentially over the weekend.

pit 36 fire in Clackamas County grows exponentially over the weekend.

Wildfire 0% contained Monday morning, covers over two thousand acres.

Wildfire 0% contained Monday morning, covers over two thousand acres.

Summary of the “Pit 36 Fire” As Of 10:00 September, 15th 2014 (Clackamas County, Oregon)

How The Fire Started:

Origin of Pit 36 Fire Estacada, Oregon

Origin of Pit 36 Fire Estacada, Oregon

At approximately 1500 (3pm Pacific Standard Time) on September a wildfire broke out in rural Clackamas County, Oregon roughly ten miles east of Estacada in the steep canyon within which the Clackamas River flows. The steep terrain, high temperatures, east winds and late-season dry conditions led to the fire spreading rapidly, despite the swift and valiant action of local fire crews. It appears likely that a group of individuals that were target shooting have likely started the blaze however shooting in and of itself does not pose a fire risk. As such, it seems likely that a prohibited activity such as throwing tossing away cigarette butts, an illegal camp fire or incendiary “tracer” type ammunition was happening. Law enforcement and fire officials have stated that an “investigation is underway” but have not released further details at this time. Although a news crew was witnessed heading to the scene at 1700 (5:00pm) on 09-13-2014 most local news agencies were slow to pick up the story.

36 Pit Fire (Estacada, Oregon): Wildfire Grows 10x Over Saturday Night

Saturday at noon, the fire was still being reported as covering only  30-100 acres when it had already grown to over 1,000 acres.

Saturday at noon, the fire was still being reported as covering only 30-100 acres when it had already grown to over 1,000 acres.

The mountainous terrain made access by fire crews slow and hazardous and also allowed the flames to swiftly burn up the steep hill above the rock pit. Initial news reports estimated the blaze to be roughly 30 acres in size although in reality the brisk east winds were quickly pushing the fire onward. As a longtime Clackamas County resident it quickly became clear that the fire was actually much larger than reports as Emergency band scanners were reporting flames over a mile away as the crow flies at a truck weighing station. The official reports soon followed and by noon Sunday the Pit 36 Fire had officially eclipses 1,000 acres engulfed. Fire crews had stated that as of Sunday the forest fire was “zero percent contained” and local campgrounds were closed and the Silver Fox RV Park was promptly evacuated. Residents of Estacada, Beavercreek, Eagle Creek awoke to thick clouds of smoke. Some residents of Estacada reported ash falling like snow.

Air Quality For Clackamas County, Oregon

Areas around Clackamas County, Oregon have been placed under an air quality advisory for “Fire Weather Warning” with air quality ranging from “moderate” to “unhealthy”. The National Weather Service has issued a red flag warning for the region with “areas of smoke” listed through Monday. Winds are expected to shift to southwest overnight which should offer some relief from smoke in the communities of Molalla, Sandy, Eagle Creek, George, and Oregon City. At times, smoke is predicted to reduce visibility to as little as a few miles depending on location. Areas closest to the Pit 36 fire are expected to see the biggest negative impact in air quality.

Clackamas County, Oregon 36 Pit Fire: Wildfire Resources

36 Pit Facebook Social Media Update Page
Estacada 36 Pit Fire Department Official Update Page
Interactive Fire Map
Clackamas County Police & Fire Dispatch
National Weather Service

May 14th, 2014 Clackamas County Real Estate Report

This Week: Real Estate In Sandy, Oregon 97055

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For the week beginning on May 5th, Sandy, OR is seeing residential real estate inventory of almost 160 properties drop steadily. Along with the decrease in properties for sale, the average days on the market is dropping, but more drastically. With these current trends, along with other factors, the market is considered by many to be at a buyers advantage, however, tightening supply may change shift the advantage to sellers as competition amongst buyers heats up. In summary, if properties on the market and days on the market continue to decrease, then we could see a flip to a sellers advantage.

Characteristics Per Quartile: Sandy, OR Housing Trends

Currently homes/properties in Sandy are being sold faster than they are coming onto the market. The upper-second quartile homes are selling notably faster than fresh MLS listings are coming onto the market to replace those sold. Top quartile homes are seeing the lowest days on the market despite being the most expensive. Acreage properties with features such as riding arenas, large work shops and barns typify these sought-after top tier properties. While nothing in life is certain, a continued lack of available homes for sale may begin to shift prices upward in Sandy, Oregon.

This Week: Residential Properties in Damascus, Oregon 97089

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During the first week of May, Damascus, OR has about 70 properties listed for sale on the MLS. The average days on the market for Damascus properties is almost 120 days and may be dropping as the summer market heats up. With the strong decrease in days on the market comes a large increase in inventory. The fact that inventory of homes for sale in Damascus, Oregon is up favors the buyer, although days on market decreasing shows welcome market activity that should encourage sellers as well.

Housing Data: Characteristics Per Quartile:

Unlike many other areas in Clackamas County, Damascus, OR has most of it’s activity (homes sold/homes coming on the market) in the upper quartile. Strong sales of these high end homes may reflect the stratified nature of recent gains in the economy. Even though more homes sold in the top quartile, the bottom quartile shows the least days on the market which indicates that buyers are still eager for affordable homes. Overall, conditions appear somewhat positive in terms of outlook.

Real Estate, Acreage & Homes in Molalla, OR 97038

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Molalla, OR is seeing a strong decline in the average days on the market, which is currently about 160 days. There are about 100 properties for sale in Molalla, but indicators show a possible increase of available homes up for sale. With this increase in inventory, seller could feel some pressure to lower their prices. With these trends, buyers have an advantage over sellers and that should be the trend for the foreseeable future.

Housing Market Characteristics Per Quartile:

Currently homes in the $200,000 to $300,000 range are seeing more activity than the other listings in this area. These are the homes in the middle two quartiles. The top and bottom quartiles are taking about twice as long to sell. This is a common trend for many areas around Clackamas County and indicates that homes on acreage, while valuable, may be out of reach financially for many buyers.

May 14th, 2014 Report on Homes For Sale in Estacada, Oregon 97023

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Homes/Properties in Estacada, OR are seeing an average list price of about $410,000. Inventory in this area are looking to have a major increase, therefore buyers will have a greater selection of homes to choose from. Average days on the market is taking a huge drop, so the time to buy is now! With the larger selection of homes and the demand of homes in Estacada, the market is at a buyers advantage.

Characteristics Per Quartile:

Even though more properties are popping up in the top two quartiles, more homes are being sold in the bottom two quartiles. The bottom quartile homes are flying off the market faster than new homes are coming up for sale. Affordable homes are selling reasonably quickly whereas larger, more expensive homes on acreage are taking longer to move. With these trends, sellers of acreage properties in Estacada, OR may be willing to negotiate with well-qualified buyers.

Boring, OR 97009 Housing Update

Boring, OR is sitting at just about 50 homes/properties for sale, but that will soon increase. All quartiles are sitting with just about the same number of properties for sale, which provides a decent selection in all price ranges. Currently the market strongly favors buyers. Sellers are feeling pressure to lower prices even though the average days on the market is going to see a strong downward trend.

Beavercreek, OR 97004 Real Estate Update

Overall, Beavercreek, OR properties are seeing higher list prices than other areas in Clackamas County. With the lower number of properties listed and number of properties being sold, buyers are looking to lose the advantage over sellers and could see an upward movement in pricing. Beavercreek homes for sale are sitting at an average price of about $410,000, but with current trends as they are, this could rise in the next few months to come.

Eagle Creek, OR 97022 Property Update

Eagle Creek, OR, out of all the areas in Clackamas County, sits with the lowest number of properties for sale. With just above 20 listings in the area, the average days on the market sits at just about 200 days. Inventory is looking to rise, but pricing looks to stay pretty stable. With the tight trends in Eagle Creek, buyers are looking to lose the advantage over sellers.

Best regards,
By Richard Lockwood
Real Estate Broker
Follow Me on Google+

Disclaimer:
*This article is opinion and does not constitute any prediction of future profits/losses, investment advice or legal advice whatsoever. I am not an attorney, I am not a tax professional and I am not an accountant. I am a real estate broker licensed in the state of Oregon.

Molalla, OR Lots & Land Report 04/07/14

Molalla, Clackamas County, Oregon
Zip Code 97038
April 7th, 2014

Homes on Acreage in Molalla, OR

Residential properties on acreage in Molalla, OR represent the top pricing tier for this housing market. Average lot sizes exceed 20 acres while homes average 2485 square feet. These spacious equestrian homes on even more spacious lots fetch an average listing price of $552,500. Continue reading

Molalla Oregon Housing Market 03-24-14

Residential real estate in Molalla, Oregon has a current median asking price of $218,725. Homes on acreage with Molalla addresses located outside the city limits fetch more in proportion to the acreage and improvements included with the property. Much like the rest of Clackamas County, homes on acreage remain in high demand and Molalla is no exception. Top tier properties for Molalla’s 97038 zip code feature lot sizes exceeding 20 acres and often include various outbuildings such as barns, equestrian arenas, stables, farm/agriculture buildings and other appurtenances that add value to the property. These homes on acreage and horse properties in Molalla have an average list price of $557,500 and are taking around 212 days on average to sell. But, it’s worth noting that this 212 days is lower than some other areas within Clackamas County for similar homes on acreage. The lower three pricing tiers for homes for sale in Molalla generally include homes within the city limits in suburban style neighborhood subdivisions and offer a number of pleasant housing options… Just don’t expect to waltz into a 20+ acre horse property with a nice home on it without paying a fair price for it.

Molalla Housing Market, Supply & Demand

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For this week more homes have been listed on the market than have sold which may indicate some increased competition amongst sellers which often takes the form of price reductions. The Market Action Index has been trending down while inventory of available residential properties for sale has been climbing. And, if this trend of increasing supply and weaker demand continues some Realtors fear that prices may settle a bit*. Now, before this causes any undue alarm it’s worth noting that small price settling and competition amongst sellers is often normal and healthy in a housing market and these small dampers on prices may well keep the housing market stable for the future and lower the chances of another costly bubble. All in all, it’s a great time to buy real estate if you need a great place to live. And conversely, if it’s time for a change of scene for your life and you need to sell you may just be pleasantly surprised with how much we can get you for your home.

As always, call us to learn more and to start your next chapter.

*This article is opinion and should not be taken as investment advice, nor does this article make any attempt to predict future real estate profits or losses and should be read for entertainment purposes only.

Housing data molalla clackamas real estate 03-24-14

By Richard Lockwood
Real Estate Broker
Licensed in the State of Oregon
Google

Sandy Oregon Housing Market 03-24-14

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

real estate market sandy oregon 03-24-14
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.

sandy oregon clackamas county acreage 03-24-14

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

03-24-14 beavercreek housing information

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, 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

2-24-14 molalla real estate report one

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.
Continue reading

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.
Continue reading