Keizer, OR

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Salem Oregon Acreage Real Estate Update November 2011

Summer is over and we are smack in the middle of fall selling season. Some home owners to take their property off the market this time of year, but that is a huge mistake. In the Salem and Keizer Oregon area, 14 properties closed in the month of October alone. If a home owner needs to sell their place, why would you want to miss out on those buyers?

The properties that sold in October took an average of just 152 days. While 5 months might sound like a long time, the average market time was hovering around 8 months for most of the year.

The average list to sale price continued to hold steady. Sellers in July and October saw an average of 94% of their asking price, compared to 96% and 99% in August and September respectively.

The currnet median sales price in October for acreage homes in Salem and Keizer Oregon was $274,450. This just happens to be pretty close to the FHA loan limit in Marion County.

The chart below shows the Median Sales price by month for property just outside of Salem and Keizer Oregon.

Salem Oregon Acreage Real Estate Update June 2011

The number of happy sellers increased this June! Fifteen properties closed in escrow in June around Salem and Keizer Oregon, this is a 200% improvement over June of 2010. Not bad! The average sold price fell minimally, from $414,000 to $399, 740. Read more about Salem and Keizer Oregon acreage real estate market updates.

Acreage Real Estate Market Review for Salem and Keizer Oregon May 2011

Country homes around Salem and Keizer saw a dramatic decline in the average sales price in May of 2011 over 2010. The average sold price fell from $396,315 in 2010 to just $303,975 in 2011. The number of units sold year over year did not fluctuate much, 11 were sold last May, 10 were sold this May. The properties that did sell around Salem and Keizer took about two and a half times longer to sell, at 194 Days On Market, vs. 85 in 2010.

Keizer home price trends

Well true to form, what goes up must come down. Thankfully for Keizerites, the correction seems to have come and gone for the most part. Keizer Oregon real estate has been pretty much flat-lined for a year. The second quarter statistics are continuing that same pattern. Inventory is running at 7.7 months right now, which is decent, but it would be nice to see it a bit lower. The average home price was down just a mere 1.5% from last year, and currently is $196,030.

Home sales in Keizer Oregon

Keizer home sales were up, but that isn't a surprise. The tax credit helped to boost second quarter numbers, but also 2009 stunk so bad in the Salem metro area, it would have been really difficult to beat those dismal numbers. Technically home sales were up 59% this quarter over 2009, but some of that is caused by the tax credit. I still think without the tax credit these numbers would have gone up anyway.

Read foreclosure information for Keizer Oregon on the Get Real Estate Blog.

The home sales and home price data was crunched from the WVMLS.