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Wilsonville’s ‘Magic’ Real Estate Number

12 Feb
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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 Waterfront Acreage Has Sale Pending

10 Mar
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This attractive Willamette River acreage has great views and a sale pending

An attractive riverfront acreage featured on WilsonvilleHomes.com in April of last year, then-priced at 1.8 million dollars, is now expected to soon be sold.

Anticipated use of this Wilsonville property is for additional access to the Willamette River and more park area. Read a recent article about this Wilsonville area Willamette River acreage here.

Wilsonville Real Estate Update

17 Feb

New figures from the Regional Multiple Listing Service known as RMLS reveal a recent uptick in Wilsonville’s regional home supply. Yet, despite a growth in the regional home supply, Wilsonville year-to-date home prices remain clearly in positive territory.

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“Wilsonville Memorial Park Trail” by M.O. Stevens

Regional Real Estate By The Numbers
Our Portland metro home inventory remains relatively low. For comparison, Portland’s home supply is almost half that of the greater Salem area.

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Greater Portland Metro Home Inventory

A housing backlog of just 3.4 months is generally considered by real estate experts as a ‘seller’s market.’ 

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Portland Metro Area Regional Home Price Chart

Wilsonville home prices are up 7.3% over the past year and sport an average selling price of $349,700.

Click here or on the Market Action image below for the complete latest Portland metro area real estate report, which includes specifics on our Wilsonville market.

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Click For Free Report

Check out page #2 of the report for this detailed information, like average selling price and days on market, for Wilsonville and other local towns and neighborhoods.

Thinking about selling your Wilsonville property? Use the convenient form below to contact our sponsor, Certified Realty for a free consultation about your property.

Wilsonville Real Estate Update

12 Nov

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. 

Wilsonville Real Estate News

15 Oct

A brand new report on Wilsonville area real estate was just released by the Regional Multiple Listing Service (RMLS).

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Click Above Image For Report

This new report reveals Wilsonville’s year-to-date home value appreciation is now 6.0%,trailing the greater Portland area average of 7.4%.

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Click Image to Enlarge

The average price of a Wilsonville home is now $334,800 and the average market time is now 60 days. This is relatively brief by historical standards and helped along by our still low regional home supply of a little more than 3 months.

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Wilsonville Homes

Thinking about selling your Wilsonville home? With fewer sellers now competing for qualified buyers, you could sell your Wilsonville home and be in your next home by Christmas. Contact Wilsonville’s own Certified Realty using the form below for a FREE report on what your Wilsonville home could sell for in today’s market.

Why Use A Realtor, In 30 Seconds

3 Oct

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

30 Sep

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

29 Sep

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

18 Sep

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.

Wilsonville-Homes

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

8 Sep

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. 

Wilsonville Homes, Wilsonville Real Estate, Wilsonville Oregon, Wilsonville PropertiesClick image to view the latest report on Wilsonville, Oregon real estate

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…

View original post 31 more words

Building A Wilsonville Home?

7 Apr

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.

Wilsonville Home Prices Up 10+%

24 Jan

The latest report on Wilsonville home prices shows a 10.5% increase in local home values over the past 12 months.

HomePrices

Low Inventory Rises Prices
Much of the increase in Wilsonville home values is driven by our low inventory of homes for sale. According to the Regional Multiple Listing Service (RMLS), our current regional housing backlog is now 3.2 months of supply, traditionally a very low figure.

PortlandMetro-MarketAction-December2013-page-001

Regional Housing Inventory-Click Image For Full Report

Click here to view this new FREE report on Wilsonville area home values, with a detailed summary on page 2 here.

For more information about buying or selling Wilsonville properties, contact our sponsor, Certified Realty using the convenient form below.

Wilsonville, Oregon Real Estate Update

6 Sep

New figures on Wilsonville, Oregon real estate have just been released.

The average selling price for a Wilsonville home is now $349,000. Curious how long it takes for the average Wilsonville home to sell? Find out here, along with the complete report.

For more information about selling your Wilsonville property, contact our sponsor, Certified Realty at 503-682-1083. They’re locally owned and operated here in Wilsonville and your Wilsonville area real estate specialists since 1950!

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Wilsonville Housing Update

8 Apr

New statistics reveal some interesting facts about Wilsonville’s real estate market:

*Nearly 1/4 of all Wilsonville homes require a price adjustment before selling.
*The median sales price of a Wilsonville home is now more than $340,000.
*The average Wilsonville house takes nearly half a year to sell (163 days).

For additional up-to-date information on Wilsonville, Oregon housing click here or on the image below. And to ensure your property sells fastest and for top dollar, contact Wilsonville’s Certified Realty today at 503-682-1083!

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Wilsonville Housing Update

16 Feb

New information on Wilsonville area real estate is out.

The median list price for Wilsonville homes is $349,975. The average market time is now 214 days. View the complete report here.

Thinking about buying or selling a Wilsonville area home? Contact our sponsor, Certified Realty at 503-682-1083 today!

CharbonneauFountain-1

Wilsonville’s Charbonneau Fountain

Just Listed!

17 Jan

New for sale are two attractive Wilsonville lots, ready for your dream home.

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2 Attractive Wilsonville Lots Are Now For Sale!

Located in the attractive and upscale Cedar Pointe neighborhood, each lot is available for $99,900 each.

For more information, contact Roy with Certified Realty at 971-258-4822 or via email at Roy@CertifiedRealty.com.

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