Wilsonville’s ‘Magic’ Real Estate Number

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Such Abundant Wilsonville Real Estate Information Can Seem Like Drinking Water From A Fire Hydrant

TMREI: Too Much Real Estate Information
Sometimes absorbing the sea of Wilsonville real estate information seems more like drinking from a fire hydrant. Yet, out of all the seemingly helpful real estate data bandied about, there is one especially helpful number, which when understood, can provide near-magical clarity to both Wilsonville homebuyers and homesellers.

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You Needn’t Be a Magician to Understand Wilsonville Housing Inventory

What Is It?
What is this ‘magic’ number and what does it represent? Simply put, it’s the current figure for housing inventory, typically expressed in months of projected home supply.

Listen to the audio podcast presentation of this helpful program on Wilsonville, Oregon real estate by clicking here or on the above link.

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Understanding Wilsonville Real Estate Inventory is Not Like Playing Bingo

Housing inventory is also sometimes known as home inventory or housing backlog. Why is this number so important? Once you understand the single figure that defines our current supply of local available Wilsonville area homes for sale, you have an instant ‘snapshot’ on whether you’re in a buyer’s market, seller’s market, or more of a balanced real estate market. Armed with that information, you’re far more ready to do battle in the real estate trenches and more likely to avoid some usual minefields. 

Normal Home Supply
Among real estate experts, a ‘normal’ range for home supply in parts of Oregon is frequently cited as somewhere between three to six months. For example, if the home supply figure is three, then hypothetically our market would be ‘out of homes’ in three months, provided no new homes were placed for sale. In other words, if our regional home inventory figure is within three to six months, we’re typically experiencing a normal market, meaning one not far from a balance of supply and demand, also called equilibrium. In a way, it’s kind of like an absorption rate for how fast supply is used up.

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Your Mileage May Vary
It’s helpful to understand that home inventory figures are more of an average for a region. In Oregon, major real estate regions include Portland, Bend, Eugene, Salem and the Oregon Coast. So Wilsonville homesellers and homebuyers are likely to use the Portland area figure as the bellwether for housing backlog. If your home is located in Keizer, you’re likely to see the Salem inventory figure as the closest approximation of local home supply. It’s also likely that your specific area could be somewhat different altogether, based on a variety of hyper-local factors affecting both demand and supply. That said, home inventory is a convenient ‘thumbnail’ sketch to help assess what kind of market you’re in.

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Consider Wilsonville Area Home Inventory Like A Pipeline

What’s The Practical Impact of Housing Inventory?
Consider real estate and inventory like a pipeline. If more flows through it, the product is plentiful and therefore the cheaper it is to buy. So with a lower, dwindling home supply and the spigot turned down, the reverse is true. That’s when the local real estate environment favors sellers, because there are more buyers and it’s considered a ‘seller’s market.’ In that case, expect a short market time and an environment where homesellers receive multiple offers, often at or above listing price. If the supply of homes is higher, it’s considered a ‘buyer’s market.’ This means you can expect a longer market time, with homesellers seeing few, if any offers…and frequently for less than the asking price.  

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Negotiation is Expected, But Most Homesellers Don’t Want to ‘Armwrestle’ With Homebuyers

It’s routinely a good idea for buyers to get a ‘heads up’ before making an offer to determine how ‘hot’ or ‘cold’ the market is. Otherwise, if you ‘lowball’ a just-listed home in a seller’s market, you may be lucky to even get a counteroffer instead of an outright rejection by sellers experiencing lots of calls and showings on their property. Coming in with an offer that’s too low sometimes causes offended sellers to refuse to seriously consider a possible follow up offer.

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The Number of Competing Homes for Sale Affects Market Time

What’s the Big Deal About Wilsonville Housing Inventory?
One reason Wilsonville housing inventory is so important is because it helps buyers and sellers to better manage expectations. Most buyers are interested in how long it may take to find the ‘right’ house. Inventory affects this. Alternatively, most sellers are interested in how long it may take to find a qualified buyer. Inventory affects this, too.

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Oregon Homesellers Can ‘Jumpstart’ Buyer Activity With Accurate Pricing

That’s because a high home inventory tends to slow down the market time and low inventory frequently provides a ‘jump start’ to activity. One way sellers can help to avoid an excessively long market time is to review comparable local home sales information provided by their Realtor to ensure proper, market pricing.

Another reason housing inventory is crucial is because it can significantly impact so many other important factors. In other words, inventory is a ‘driver’ for market time, selling price, appraisal results, lendability and more.

Okay, So Inventory Is Important. What Does It Look Like?

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Portland Metro Sample Home Inventory

The above image provides a good example of fluctuating home inventory. As greater Wilsonville’s real estate market bounced back from the severe market downturn of the Great Recession, home inventory reduced from more than 20 months of housing supply to less than three.

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It’s Wise to Consult An Experienced Realtor Before You Leap Into the Market

Contact the Experts
Thinking about selling your Wilsonville area property? Know the market before diving in! Contact Certified Realty with your questions and for a free consultation on what your property could sell for today using the contact form below or call (800) 637-1950.

 

 

Wilsonville Real Estate Update

New information from Ticor Title Company shows the median list price for a Wilsonville home little changed of late, with the average number of days on the market increasing.

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Click Image For New Report

Click here or on the above image for this latest report on Wilsonville, Oregon real estate.

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

Wilsonville Real Estate Update

Figures in a new study from Ticor Title Company suggest a stabilization of our Wilsonville real estate market. For now at least, gone are what have been strong changes in home price and market time around Wilsonville.

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Click Image to View This New Report

The median list price for a Wilsonville home is now $419,450 with the average market time at 124 days. Click here or on the above image to view additional insights into our local housing market, such as Wilsonville’s local median house and lot size.

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‘Oregon’s Choice Since 1950’

Thinking about selling your Wilsonville home, lot or acreage? For a FREE report on what your property could sell for in today’s market, contact our sponsor, Wilsonville’s own Certified Realty using the form below. Still family-owned and operated, Certified Realty is Oregon’s choice since 1950. 

Why Use A Realtor, In 30 Seconds

A very telling article was recently released in a national real estate journal. In just two images, it explains why the vast majority of home sellers work with a Realtor.

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Click Image to Enlarge

The infographic on the left shows the huge percentage of real estate sellers who hire a Realtor.

The infographic on the right explains why. Homesellers average a 25% higher selling price with a Realtor.

Thinking about selling your Wilsonville property? Don’t leave money on the table. Hire a local, experienced Realtor. Family-owned since 1950 and located right here in Wilsonville, Certified Realty sponsors WilsonvilleHomes.com.

Contact Certified Realty for a FREE report on what your Wilsonville real estate could sell for in today’s market using the convenient form below.

Wilsonville Real Estate Statistics

A recent survey specifically on Wilsonville homes from Ticor Title provides interesting information on our local market as we head into Autumn.

Wilsonville home prices have surged since Spring, making the median list price for a Wilsonville home now $419,900. View this new report on Wilsonville real estate by clicking here, or on the image below.

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Click Image to View New Report

The average market time to sell a Wilsonville home is now 110 days. In addition, 36% of Wilsonville properties for sale have had a price decrease.

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Some Wilsonville Homesellers Prefer To Be In Their New Home For the Holidays

Thinking about selling your Wilsonville, Oregon home? With Wilsonville home prices up, this could be a great opportunity to lock in your home selling profits.

Contact our sponsor, Certified Realty for a FREE report on what your Wilsonville property could sell for in today’s market. Simply use the convenient contact form below for your FREE report.

September’s Sold Wilsonville Homes

As September wraps up, 25 detached, single family Wilsonville homes have sold so far this month according to the Regional Multiple Listing Service. The sold prices range from $282,000 to $810,125.

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This Wilsonville Home with Nearly 8 Acres on Stafford Road Recently Sold.  

View photos of all these recently sold Wilsonville homes and their selling prices by clicking here. Please allow a minute to load, depending on your Internet connection.

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This Home in Wilsonville’s Charbonneau Neighborhood Recently Sold For $810,125

Have you considered selling your Wilsonville home? As you can see, Wilsonville real estate prices remain strong. For a FREE report on what your Wilsonville home could sell for, contact our WilsonvilleHomes.com sponsor, Wilsonville’s Certified Realty using the contact form below.

Wilsonville Real Estate News

A new report on Wilsonville real estate was just released by Ticor Title Company. This survey confirms a significant upward price trend for Wilsonville homes, particularly over the past few months.

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Click Image for Report

According to this new report, the median list price for a Wilsonville home is now just under $400,000. And the average market time to sell a Wilsonville home? That figure is now at 106 days, or right around 3.5 months.

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Thinking about selling your Wilsonville home and curious what it could sell for? Now could be the perfect time, since Wilsonville home inventory is low right now and competition among sellers is diminishing. It’s truly a seller’s market.

Our WilsonvilleHomes.com sponsor, Certified Realty will provide you with a FREE report that is tailor-made for your own property. For your FREE report, simply contact your Wilsonville real estate experts, Wilsonville’s very own Certified Realty, using the convenient form below.

 

Wilsonville Real Estate News

Wilsonville Meadows

Recent information on our local Wilsonville real estate market is now available. With school beginning as we move toward Autumn, it’s reasonable to expect a somewhat less robust pace of home sales.

Many, though certainly not all, 2014 buyers have bought their home by now. This brings “empty-nesters,” relocating transferees, singles, and young families to the forefront as a bigger slice of the buyer pool for the remainder of the year. For sellers, Autumn can bring more motivated buyers with less competition from other home sellers, when compared to Spring.

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Click here or on the image below for the latest information about Wilsonville real estate. 

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The average time on the market for a Wilsonville home is now 110 days. This compares to the most recent figure of 93 days for greater Portland.

Thinking…

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Wilsonville Real Estate Market Report

An interesting new report on Wilsonville homes was recently released.

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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.

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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.

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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.

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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.  

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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.

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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.

Building A Wilsonville Home?

To build a Wilsonville home, you need Wilsonville real estate. How does 440 feet of Willamette Riverfront sound?

One such rare opportunity is a lightly wooded parcel currently for sale at $1,800,000. This unique Wilsonville property features nearly 3.5 acres on the site of a former manufactured home park.

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Willamette River
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View From Currently Available Wilsonville Property

For more information about this or any real estate for your next Wilsonville home, contact our sponsor, Wilsonville’s own Certified Realty using the convenient form below.