Wilsonville Real Estate Market Report

An interesting new report on Wilsonville homes was recently released.

Wilsonville, Wilsonville Homes, Wilsonville Properties, Wilsonville Real Estate
Many Wilsonville Homes Are Known For Their Gorgeous Interiors

Especially notable in this report is the fact that more than 1/3 of all Wilsonville homes for sale saw a price drop before selling. Plenty of other helpful information is included, like the average days on the market it takes for a Wilsonville home to sell and the median list price.

Wilsonville Homes Wilsonville Real Estate Wilsonville Properties
Click on Image to Enlarge

Click here or on the image above to view this new Wilsonville homes report.

Wilsonville Real Estate Update

New figures from the Regional Multiple Listing Service (RMLS) shine light on our current Wilsonville real estate market.

Wilsonville Homes, Wilsonville Real Estate, Wilsonville Properties, Wilsonville Realty, Wilsonville Oregon
Wilsonville’s housing market is on the upswing

Partly because the inventory of homes for sale throughout the area is unchanged, Wilsonville’s housing market is relatively stable. There remains a 2.8 month supply of homes throughout our region.

Wilsonville Oregon, Wilsonville Homes, Wilsonville Real Estate, Wilsonville Properties, Wilsonville Realty
Area Housing Inventory in Months

Based on the most recent month tabulated, the average home price for a Wilsonville area home is now $342,000, up 8.4% over the past year.  

Wilsonville Homes, Wilsonville Real Estate, Wilsonville Properties, Wilsonville Realty, Wilsonville Oregon
Regional Home Price Chart –  Click Image to Enlarge

The average time a Wilsonville area home is on the market is now 72 days. View the new local housing report here, with interesting information on Wilsonville, plus other nearby towns and neighborhoods.

Wilsonville Homes, Wilsonville Real Estate, Wilsonville Properties, Wilsonville Realty, Wilsonville Oregon
2014 Wilsonville Summer Events Calendar – Click Image to Enlarge

Thinking about selling your Wilsonville home? Contact Wilsonville’s own Certified Realty using the convenient form below for a FREE report on what your property could sell for.

Wilsonville Home Sales Down, Average Price Up

A recent report on Wilsonville area real estate shows a continued solid increase in local home values. Compared to last year, Wilsonville home prices are now up 8.1% over this same time last year. If this trend continues, we could be well on our way to a good year for Wilsonville real estate.

What Is And What Should Never Be (With apologies to Led Zeppelin) But the real story is that Wilsonville home values have some of the lowest increases in our entire region. On top of that, Wilsonville pending sales changed -3.8% for the recent month measured and -15.7% compared to last year! As a result, Wilsonville’s solid home prices are still creeping upward. But fewer Wilsonville homes are now being sold.

Wilsonville Homes, Wilsonville Properties, Wilsonville Real Estate, Wilsonville Oregon
Home Prices Are Up 8.1% Around Wilsonville – Click Image to Enlarge

With our 8.1% annual home price increase, Wilsonville now finishes ahead of only West Portland (7.1%) and Lake Oswego/West Linn (7.9%). Every other community in our region fared better than Wilsonville for home price appreciation.

But there’s an explanation. Perhaps not surprisingly, these three areas sport some of our area’s highest average selling prices, with Tigard/Wilsonville at $306,000, West Portland at $379,900 and Lake Oswego/West Linn at $440,500.

For details on housing in Wilsonville and other neighboring communities, click here to check out page 2 of the latest report under the heading ‘Avg. Sale Price % Change,’ or on the image below.  

Wilsonville Homes Wilsonville Oregon
Click Here For Area Home Market Report

Both Sides Now (With apologies to Judy Collins) The flip side of the equation is interesting, especially if one looks where our area’s price appreciation is greatest. As expected, those communities have lower average sales prices. They include SE Portland with 15.4% (($249,000), Milwaukie/Clackamas at 14.8% (($275,000) and Columbia County an astronomical 25.9% ($188,700).

Wilsonville Homes, Wilsonville Properties, Wilsonville Real Estate, Wilsonville Oregon
Like Wilsonville, Regional Home Prices Are Rising Too, As Seen In This Chart

Feeling Stronger Every Day? (With apologies to Chicago) The bottom line is that Wilsonville home prices continue to increase, and that’s one good sign of a strengthening market. There are several factors helping to boost Wilsonville area home prices. These include our area’s real estate seasonality, which brings improved home buying weather this time of year.

Gains are also due in part to a continued recovery from the Great Recession which began around December, 2007. However, perhaps the key reason to explain our real estate boost is a significantly reduced inventory of homes for sale.

Wilsonville Homes, Wilsonville Properties, Wilsonville Real Estate, Wilsonville Oregon
Our Region Would Run Out of Homes in 2.8 Months

According to the latest housing inventory report from the Regional Multiple Listing Service (RMLS), the greater Portland Metro area will now ‘run out of homes’ in 2.8 months. Click here for this new FREE report, with helpful information on Wilsonville area real estate.

Wilsonville Homes, Wilsonville Properties, Wilsonville Real Estate, Wilsonville Oregon
This Charming Wilsonville Home Is For Sale With Certified Realty

What Does This Mean For Wilsonville Homebuyers & Homesellers? Low home inventory means there are fewer houses for sale. A main effect of having fewer homes for sale typically means less selection and higher prices. This is the classic ‘seller’s market,’ where buyers lose a significant amount of leverage. This means buyers have to compete more against one another to find a desirable home. As a result, home prices rise. If you’ve thought about selling your Wilsonville home, this may be your best opportunity for the foreseeable future. However, if Wilsonville home owners en masse begin sensing the time is right to sell, such a concomitant increase in supply could cancel projected home price gains.

Wilsonville Homes, Wilsonville Properties, Wilsonville Real Estate, Wilsonville Oregon
How Low Will Our Wilsonville Area Home Inventory Go?

Limbo, How Low Will We Go? (With apologies to Chubby Checker) Another reason for our home inventory’s newsworthy nature has to do with the time of year. We’re already trending slightly ahead of 2013 given our latest inventory figure of 2.8 months from April.  Last year, the months of May, June and July were lowest for regional inventory. So the lowest number of available homes for sale may yet be ahead.

Wilsonville Homes, Wilsonville Properties, Wilsonville Real Estate, Wilsonville Oregon
Timing The Market Perfectly Can Be Difficult

Timing The Market Based on last year’s performance, homeowners may have another few months before the supply of homes begins climbing back up. So if you’re considering a Wilsonville area home sale in 2014, acting sooner is likely to be in your favor before inventory rises and other events are factored in, like families purchasing before the school year begins.

Wilsonville Homes, Wilsonville Properties, Wilsonville Real Estate, Wilsonville Oregon
Certified Realty is Oregon’s Choice Since 1950

Consult The Experts Thinking about selling your Wilsonville area home? Contact the experts! Wilsonville’s very own Certified Realty is Oregon’s choice since 1950. Contact them using the convenient form below for a FREE report on what your property could sell for now.

Just Listed Wilsonville Home

This attractive, just listed home in Wilsonville’s Canyon Creek Meadows neighborhood is move-in ready and attractively priced at $274,900.

Wilsonville Homes, Wilsonville Real Estate, Wilsonville Properties, Wilsonville Oregon
This charming Wilsonville home has great curb appeal & a low traffic neighborhood

This home also features plenty of room, with 1,660 square feet of living space, 3 bedrooms & 2.5 bathrooms, plus both living and family rooms.

Wilsonville Homes, Wilsonville Real Estate, Wilsonville Properties, Wilsonville Oregon
Cozy living room with fireplace & hardwood floors

Additional features include island kitchen with pantry closet, kitchen appliances, spacious master bedroom with walk-in closet, forced-air gas heat, central air conditioning, gas fireplace and an attached double garage. Walking trails nearby too!

Wilsonville Homes, Wilsonville Real Estate, Wilsonville Properties, Wilsonville Oregon
Light & bright kitchen, too

For the full color flyer of this attractive Wilsonville home, click here or on the image below.

Wilsonville Homes, Wilsonville Real Estate, Wilsonville Properties, Wilsonville Oregon
Click Here For Flyer

For more information or to arrange a personal tour, contact Bruce with Certified Realty at 503-329-0496, or use the convenient form below.

3 Reasons To Sell Your Wilsonville Home Now

With the arrival of Spring’s beautiful weather, many Wilsonville homeowners are hearing others say: “Now is an excellent time to consider placing your home on the market for sale.”

Wilsonville Homes
Wilsonville Field

However, you may have wondered why exactly is now such a good time to sell your Wilsonville home? Is it all about sunny skies? So if you’ve ever thought about selling your Wilsonville property, this article is for you. And here are three good reasons to now sell your Wilsonville, Oregon home:

Reduced Inventory
There are fewer homes on the market right now. Our 3.1 month supply of homes means demand is stronger. That frequently translates to higher home prices. And with fewer competing sellers, you may need to negotiate less for your best deal.

Wilsonville Homes, Wilsonville Real Estate, Wilsonville Oregon, Wilsonville Realty, Wilsonville Properties
Our Housing Inventory Drops During Spring & Summer

Seasonality
Many home buyers shop in earnest during better weather. Why? It’s easier, more fun and there’s more daylight to work with. But there’s one other reason you may not have considered: School is out soon and that is a great opportunity for families with kids to move during Summer Vacation. Don’t miss out on these buyers!

Wilsonville Homes
In Oregon, Beautiful Weather Takes Us Outdoors For Recreation And Home Buying!

Interest Rates
One of the big factors affecting home affordability is the interest rate your lender charges. Interest rates remain near historic lows. This means even with rising prices, buyers can find homes to be more affordable if interest rates stay attractive.

Wilsonville Homes, Wilsonville Real Estate, Wilsonville Realty, Wilsonville Properties, Wilsonville Oregon
They’ve nudged up, yet mortgage interest rates remain attractive.

Thinking about selling your Wilsonville home? Contact our sponsor, Wilsonville’s very own Certified Realty using the convenient form below for a FREE report on what your property could sell for in today’s market.