Market Trends For The Willamette Valley - Oregon
Through September 2008
In the month of September 2008, there were 1414 new listings that came on the market and a total of 7835 listings available. In the month of September 2007 there were 1429 new listings that came on the market and a total of 6719 on the market. That is a 14.3% increase in listings available this year over last year at the same time.
In September 2008, there were 528 closed sales. With that number of closed sales we have approximately 14.8 months of inventory on the market.
Days on the market currently are:
Salem/Keizer: 119
Benton County: 133
Linn County: 146
Marion County: 130
Polk County: 129
Closed Sales in Units for the last six years:
Through the end of September 2003: 6823
Through the end of September 2004: 7363
Through the end of September 2005: 8716
Through the end of September 2006: 8279
Through the end of September 2007: 7158
Through the end of September 2008: 4708
The percent of sales price to list price was 94% in Salem/Keizer, 94.5% in Linn and Benton County, 92.5 in Marion County, and 92.8% in Polk County.
Average Sales Price comparing last year to this year:
Area September 07 September 08 %change
Salem/Keizer $240,269 $225,535 -6.5%
Benton County $307,452 $301,196 -2.1%
Linn County $195,069 $194,066 -.6%
Marion County $250,566 $239,836 -4.3%
Polk County $235,769 $226,842 -3.8%
Source: Willamette Valley Multiple Listing Service
Open until Halloween, October 31st, Bauman’s Farm in Gervais is a great place to take the whole family. There are many activities in which to participate including a Zip Line, Jumping Haystack, Frontier Fort, a Pirate Ship made of hay bails, and Apple Cider press. Take the ride out to the pumpkin patch to pick a pick a pumpkin for the front porch or nibble on fresh, homemade apple cider donuts! Many varieties of apples are available to taste and many displays of flower and other fall goodies can be purchased as well.
For hours, directions and a complete list of activities visit www.baumanfarms.com There is small fee for many activities and not all activities are available during the week. Senior Discount Available, 2 and under free of charge.
12989 Howell Prairie Rd, NE, Gervais, Oregon
503-792-3524
This photo was take while still under construction.
Silverton has been the home of the local attraction the Oregon Garden for the past several years. The garden attracts visitors from all over the world. It has a natural ampitheater and this year attracted top name acts like Pat Benetar and George Thorogood. At the end of April the Garden is host to the Blooms and Brews Fest bringing in 75+ breweries and raising funds for charity.
In an attempt to bring in more visitors to the area and the garden, Moonstone Hotels has joined with the Oregon Garden to bring a world-class resort to Silverton. Conference rooms and meeting space is available to rent and people can stay and take advantage of the spa or the restauant currently under the supervision of executive chef Jeff Nizlek. I glanced at the menu and it features fresh Northwest fruits and vegetables, saugages and BBQ.
Guests of the resort may choose from double queen beds or king beds and the room packages include a bottle of wine. Packages include a Dinner Package, a Family Package, a Gardener's Getaway Package and a Romance Package. Each package boasts a different incentive and they all include a bottle of wine. Sounds good to me!
Reservations may be made by calling 800-966-6490 or Clicking Here
Lincoln City on the Oregon Coast
On a recent trip to Pier 101 for dinner with my daughter’s Kelsey, Kendra and Kendra’s husband Josh, and my husband Scott, we devoured some great seafood, starting with an appetizer of Steamer Clams. Scott is a good one for giving the waitress a hard time. When she arrived at our table with our drinks and soup, Scott was busy talking and didn’t acknowledge the fact that the waitress was piling up the fresh cracked pepper on his chowder. I finally nudged Scott, who was surprised to see a small mountain of pepper on his chowder. We all got a good chuckle and Scott kept a better eye on the waitress for the rest of the evening. Around the table we ordered the Crab Stuffed Shrimp, Seafood Fettuccini, a Shrimp Po’ Boy and the Brie Salmon. We all enjoyed our food and the atmosphere at the Pier is rustic and inviting. Plan on at least a 15 minute wait and make sure you get your name on the list for a table. The wait is worth the time, the food here is moderately priced, good portions and fun, friendly service.
Kendra and Kelsey
After dinner we drove through a new subdivision Olivia Beach, and enjoyed looking at the community. It featured several beautiful homes, a common area with a volleyball net, BBQ area, community bikes and a gazebo.
Sundown on the Coast
My family and I love the the beach. For me this love started when I was very young and my grandparents took me to the beach to play in the sand. I still love to play in the sand and although my castles aren’t prize worthy works of art, we have mastered fish, turtles and several a very realistic octopus.
We also stopped at Canyon Creek rest area and walked along beach and took a few photos. Be sure to visit Lincoln City on your next trip to the Oregon Coast.
 |
|
|
The Buyer's Bonus! Oregon Broker specializing in Stayton, Sublimity and the Santiam Canyon. I work on a team of top producing real estate experts. Remember, now more than ever, experience counts!
The "Go-To Team" for Willamette Valley Real Estate!
Search Our Website For The Newest Listings
Let's face it, there have been many changes in real estate and the lending industry in the past few months. Lending practices have tightened up and new qualification standards will make it difficult for many buyers to qualify for a loan. Home buyers will have to show employment history with consistant income and a good credit history. Interest rates will become "risk-based" and those people with credit above 720 will be rewarded with lower interest rates. Borrowers will be required to save money for a down payment. Conventional, FHA and VA loan programs are available for those who qualify for the payment. We can continue to do business, it will be conservative compared to the past few years. Until November 30, 2009, first time buyers (or buyer's who have not owned a home in the past three years) are eligible for up to $8000.00 tax rebate from the Federal Government. This rebate is actually a no interest loan to be repaid in the next 15 years. Combine that with interest rates we are seeing and good inventory and buyers should find this is a wonderful opportunity for buyers to buy a home today. Buying a home can still be one of the best ways to build wealth. Today's buyers have an advantage over buyers two years ago. There is more inventory to choose from and and you have the luxury of time. A couple of years ago, buyers had to make buying decision in less than 24 hours or risk losing the property to another buyer. Our goal is to provide you with the information you need to make a good buying decision. Our knowledge of the area and our real estate market can help you make a good investment in a home or income property.
As a 18 year veteran of the real estate industry, I have seen the gambit in real estate markets. I have the experience to help buyers though all types of transactions, but I am fond of first time buyers and new construction . I love helping folks find a home that fits both their needs and their budget. The devil is truly in the details and I work very hard to provide each client with excellent customer service.
I am native Oregonian and I consider myself a "Canyon Girl," living most of my life in Mill City. My family includes my husband Scott, Kendra, her husband Josh, and Kelsey, a sophomore at OSU is studying in the Pharmacy program. The rest of the crew is rounded out by the family pets, Bailey, a border collie/blue heeler/Austrailian shepard mix, Loki a Yorkshire Terrier and 2 striped Siamese cats, Andie and Cassie. I believe "Chocolate" is a food group, especially dark chocolate and had time to check out several varieties of European Chocolate on memorable trip to Germany, England and Holland. I love to read and I usually have 3 or 4 books going at once. I adore James Bond and Danny Kaye movies, enjoy gardening and when time presents itself, I keep the road warm from Mill City to Klamath Falls visiting my parents.
My experience as a buyer's broker will save you money. My goal is to provide my buyers with the knowledge they need to make an informed and educated decision during the buying process. As an canyon-area resident for many years, my knowledge of the local market and neighborhoods will be beneficial to you as a buyer. I believe communication is key in any relationship, business or personal.
Our team is a dedicated group of brokers and together we have 56 combined years of experience to pull from. Brenda and Sandy take excellent care of sellers and Mary and I work strictly for buyers. Brenda and Sandy have put together a fabulous marketing plan designed to get your home sold, in the least amount of market time and for the highest possible price! Doesn't that sound great?
We market residential properties, new construction, residential with acreage properties and we specialize in North Santiam Riverfront properties. We love a challenge and are not afraid to take on unique properties that need a little extra "marketing" to get sold. Give us a call today and let us show you why we are the 'Go-To Team!'
If you are looking to buy or sell real estate in the following cities, call us today!
I fully understand the nervous jitters of new home buyer's. Before any offer is made, I walk them through the process of a home purchase, from pre-qualification and approval, the importance of writing a good offer, the inspection process and repair negotiation, mortgage process, what will happen in underwriting, and the complete closing process. My experience has taught me that if buyers know what to expect next, they have less apprehension about the transaction process. First Time Buyers have many questions and are so excited about their prospective new home. I love working with first time buyers and I get deep satisfaction knowing I helped them purchase the right home at the right time.
My other passion is new construction purchases. I have many years of experience working new construction and helping a buyer through the construction process.
I love referrals! Rest assured your referrals will be handled with the utmost care and diligence. Whether you are buying or selling a home, call me today.
I have a passion for Oregon. My family and I spend many hours exploring much of what Oregon has to offer her residents and visitors. If you are looking for something todo, check this out:
Hoo Doo - Timberline - Willamette Pass
Mid Willamette Valley Habitat For Humanity
I would love the opportunity to show you the current stats for our local real estate market. Please email me at leslies@prurep.com
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
