About Polk County, OR

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Polk County Oregon Acreage Real Estate Stats for November 2011

Fall is proving to be the best time for selling your acreage home in Polk County. This includes areas like Dallas, Monmouth and Indpendence.

In September, 10 properties closed in escrow, the highest number of properties sold in a month year to date. October came in with 7. Most of the year saw an average of 5 per month. The average market time was just 151 days, comprable to other county market data this time of year. Sellers negotiated to see the closing table though, the average sold price in October was $210,000, or just 83% of the asking price. Compare that to 97% in August, or 92% in September.

The graph below shows the median sales price for acreage homes sold in Polk County Oregon by month.

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West Meadow Estates October 21, 2011

West Meadows Estates in West Salem offers some beautifully constructed custom homes mostly built within the Real Estate boom of the mid 2000's. The growth of West Salem was astounding after the new West Salem High School was established in 2002. West Meadows Estates encompasses the South side of the High School. Convenient to Glenn Creek Rd and Orchard Heights Rd, West Meadows Estates is a nice community with comfortable access to Center St. Bridge via Wallace Rd. Traffic congestion has increased incredibly over the last decade giving the city a desire to install another bridge over the Willamette River to alleviate the problems. Marion St. Bridge heading to West Salem from downtown and Center St. Bridge heading into downtown Salem are the most convenient bridges utilized by commuters in West Salem. At times, this one way approach can cause problems for commuters.

West Meadows Estates offers newer construction ranging from approximately 2000 SF on up to approximately 4000 SF. As of this writing, since the beginning of 2011, there have been 15 sales ranging from $225,000 for a 2127 SF home built in 2004 to $386,597 for a 3328 SF home built in 2006. West Meadows offers some amazing deals for buyers and still offers many vacant lots to build on. Available homes are currently priced between $259,900 for a 2718 SF home built in 2006 and $415,000 for a 3756 SF home built in 2006.

Students may expect to attend Chapman Elementary School or Brush College Elementary School, Walker Middle School or Straub Middle School, & West Salem High School.

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*MLS information is deemed reliable, but not guaranteed.

Acreage Real Estate Market Review for Polk County Oregon May 2011

The number of homes on acreage sold continued to decline in May of 2011, in fact just 3. Only 5 sold in May of 2010. However, the homes that did sell, sold for slightly more than the average $365,000 in May of 2010, at $367,166 this May. In fact, those homes were such good deal they even sold faster over the previous year, at 208 days on market vs. 232 days.