What James Bond Can Teach You About Wilsonville, Oregon Real Estate

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With That Suit & Tie, James Bond Resembles A Well-Mannered Realtor

Compared to the life of famed superspy James Bond, buying or selling Wilsonville, Oregon real estate is dull and monotonous, right? Au contraire. You might be surprised to see how such a  comparison actually sizes up.

Click here or on the play button above to hear the audio podcast of this article.

Not So Mundane, After All
How could the seemingly routine tasks associated with Wilsonville, Oregon real estate possibly compare to the life and adventures of ultra-suave Agent 007? Initially, it seems like a ridiculous question. Of course Bond’s life is far more treacherous, risky and ‘on the edge,’ right? As we’ll soon learn, not exactly. Buyers and sellers of Wilsonville real estate have a lot more in common with the famous spy than first meets the bullseye.

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Wilsonville Real Estate is More Daring Than You Might Think

Deceptively Daring
Many actors have played Agent 007 in film, yet each brings to the Bond character their own unique imprint on the multi-faceted Bond persona. But while each person playing 007 is unique, in each iteration of the well-known agent we recognize Bond’s uncanny ability to ‘land on his feet’ and ‘avoid being bested,’ while inching (or sometimes speeding) toward his well-defined goal. Let’s examine some of the super spy’s cinematic character traits and how they might relate to your next Wilsonville real estate transaction.

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Spies & Realtors Both Use Photography to Their Advantage

Turning The Tables
To a Wilsonville homebuyer or homeseller, ‘landing on your feet’ might not equate to jumping from a high rise building. Instead, it might mean effectively dealing with endless surprises…like a low appraisal, or poor home inspection.  It’s helpful to understand that one of Bond’s classic techniques is to shift bad odds to his advantage. Your way to ‘avoid being bested’ may not mean beating the tables at Monte Carlo like James Bond. Instead, it might be skillfully negotiating the terms of your Wilsonville real estate transaction. And to a Wilsonville homebuyer or homeseller, Agent 007’s ‘inching to his goal’ could simply mean patiently completing key tasks in order to close the sale. It’s nice to know that unlike the production of a Bond film, Wilsonville homebuyers and homesellers typically complete their ‘mission’ substantially under budget and in a relatively short time span, with no loss of life or limb. This makes you arguably ‘better than Bond.’

Diamonds Are Forever…And So Is Real Estate
Here are some factors that make the so-called ‘average’ Wilsonville, Oregon homeseller or homebuyer more daring than even Agent 007. 

Risk
Agent 007 is frequently seen as daring and a tremendous risk taker. But while it’s true some of Bond’s actions are potentially perilous, it’s helpful to realize that his risks tend to be thoughtfully calculated. 007 is usually well-armed, whether that means carrying his Walther PPK, or preparing mentally for the task at hand. If he’s without a gun, James Bond is able to adapt and improvise, like using a fire extinguisher in the middle of a firefight to provide cover and escape.

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You Don’t Need A Gun to Effectively Buy or Sell Wilsonville Real Estate

Charmingly Disarming
But if James Bond gets into a ‘jam’,  he usually has his trusty sidearm to help take care of business. Yet using a small caliber handgun to get your way is not an option for Wilsonville homebuyers and homesellers. As a result, your options are limited to less obviously coercive means than Agent 007 can wield. Requiring the use of ‘wits, not weapons’ takes certain things off the table for you, since Oregon real estate demands non-lethal resourcefulness. By having to use safer and more creative methods of persuasion, it’s fair to say that once again, the average Wilsonville homeseller or homebuyer is arguably ‘better than Bond.’

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Effectively Managing Risk Can Pay Off Handsomely

Casino Royale
For an example of Bond’s risk reduction techniques, have you ever seen Agent 007 gamble great sums of his own money on a dice throw? The usual answer is ‘Not a chance.’ That’s because Bond virtually always plays with his government’s money, not his own. Yet you, as a Wilsonville homebuyer or homeseller, are laying your very own hard-earned capital on the table.  So once more, in comparison you can arguably be seen as ‘better than Bond.’

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Even Agent 007 Might Find Wilsonville Real Estate Challenging

Wilsonville Real Estate Tip #1 From James Bond: Maintain Your Humor
A superspy like Agent 007 doesn’t  constantly walk around like a tough guy. It’s actually quite the opposite.  Bond knows how to work a room and deliver a well timed joke. ‘Breaking the ice’ to disarm and/or relax the other side with a joke takes some guts…especially when someone means you financial or physical harm.  

Savoir-faire
Savoir-faire is a French term that roughly means: knowing what to do in any situation. Those with savoir-faire respond appropriately in a wide variety of circumstances. One dictionary reference suggests savoir-faire as demonstrating “a polished sureness in social behavior.” In other words, classic James Bond behavior, whether it’s disarming a bad guy, nuclear device, or flawlessly ordering the best item off a French menu.

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Ordering in French is an Acquirable Skill

Savoir-faire can be adapted to Wilsonville real estate, where a wide variety of ‘tough to predict’ situations occur with surprising frequency.  For sellers, this could mean having a buyer’s loan fail, possibly due to buyer disqualification like a credit score drop, or job change. Or perhaps your home needs a new roof and there simply isn’t sufficient equity to pay for it. Or there’s rampant dry rot. Or severe mold. You get the idea.

How 007’s Savoir-faire Can Work for Wilsonville Homebuyers and Homesellers
A prepared and practical approach to problem solving is what both James Bond and successful Wilsonville, Oregon homebuyers and homesellers bring to the table.  Agent 007 is able to adapt and navigate in almost any environment, whether he finds himself in a high-stakes casino in Monaco, a posh ski lodge in the Swiss Alps, or a poor fishing village in Asia, Bond knows what to do. When buying and selling Wilsonville real estate, you can adapt and navigate in different environments, too, including such changing factors as housing inventory (which can indicate if you’re in a buyer’s or seller’s market) and fluctuating interest rates.

Just realize that no matter how things appear, some factors and outcomes are not completely determinable and sometimes virtually unknowable. For example, let’s say you’re selling your Wilsonville home and have three offers on the table to consider. In this scenario, let’s suppose all buyers appear well-qualified and each offer is very similar to the others. Which one do you decide to accept? Which will actually close? Which buyer will be reasonable to work with? Which lender will have even-handed underwriting and not require needless delay or costs?  Working with your Realtor, you can reduce risk, perhaps by focusing on how much each buyer is willing to pay, their down payment (where a larger down payment makes it easier for them to get a loan) and even the earnest money deposit and time to your closing date. Such an analysis can help boil things down to those that might make the most difference.

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Wilsonville Real Estate Tip #2 From James Bond: Always Have a Backup Plan
The key is to limit your downside risk by making the best decision possible under the circumstances and remain alert. For example, if after accepting one offer on your Wilsonville home, the buyers begin loudly complaining about minor issues, have your Realtor stay in touch with other prospective buyers who expressed interest. That way, you keep the door open for a ‘Plan B’ and later, possibly a ‘Plan C’ if initial buyers bail on your home sale.

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James Bond Defines Debonair

Debonair
Agent 007 is often described as debonair. How can that term possibly apply to your next Wilsonville real estate transaction? There are varied definitions to the term debonair, but related terms include courtesy, graciousness and having a sophisticated charm. These traits can be powerful and disarming when dealing with the other side on a home sale. An example of courtesy might mean allowing buyers to schedule a tour before closing for measuring room dimensions or determining paint colors. Being gracious could mean as a buyer you allow the home sellers an extra day to move out, particularly if their moving van broke down. Sophisticated charm might mean leaving a box of chocolates or champagne after you sell a home for when your homebuyers finally move in.

Small details perhaps, but such activities are often long remembered. If after moving out, you remember leaving priceless heirlooms in the attic of your former home, imagine how much nicer it will be to request the return of your precious items from the current owners with whom you’ve been civil and friendly. They are also more likely to even contact you if they find something you mistakenly left behind.

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Wilsonville Real Estate Tip #3 From James Bond: Secrecy
There’s good reason undercover agents are also known as secret agents. ‘Don’t let them see you sweat’ is an adage Agent 007 works with aplomb. So you don’t want to lose out on your home purchase and are willing to substantially increase your offer, yet don’t want to overpay? Keep those cards discreetly close to your vest and understand that by doing so, you’re modeling James Bond, who can definitely keep a secret. He’s a spy, after all. 
 

Humility
Though James Bond can swagger with the best of those who hold the ’00’ license to kill designation, he’s usually discrete and avoids attention or bragging about his prowess.  Such meekness is supremely beneficial in situations to disarm adversaries, while catching them off guard.  Agent 007 doesn’t often talk about how many people he’s put in the hospital, or his annual income. Simply by observing him, it’s clear Bond has gravitas.

Courage
Having courage when buying or selling Wilsonville property doesn’t mean you don’t feel fear. It does involve pushing that fear aside to rise above whatever obstacle you are facing. Agent 007 pushes himself out of his comfort zone to face serious fears on a daily basis. This gets him used to feeling comfortable with the uncomfortable. As a Wilsonville, Oregon homeseller or homebuyer, once you desensitize yourself to fear, it will become easier to perform courageous acts, like counteroffering that offer you really don’t want to risk losing, or agreeing to substantial repairs in order to pass a home re-inspection and close the deal.

Be Patient
In the middle of a real estate transaction, it’s easy to be overwhelmed. To be successful, it helps to have a well defined plan executed with patience. You also should allow sufficient time for your plan to work. For example, if you’re a Wilsonville homeseller who doesn’t receive an offer in the first few days on the market, understand that if you’ve already examined the latest market data and the average market time is measured in months and not days or even weeks, realize your anxiety may be premature. Keep cool.

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‘Q’ Is On Bond’s Team to Keep Him Out of Trouble

Consult An Expert
When buying or selling Wilsonville real estate, it doesn’t hurt to have an experienced Realtor as your own ‘Q’ to keep you out of difficult situations. An experienced Wilsonville real estate broker is someone who has been ‘over the road,’ thereby saving you needless expense, time and worry.

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So rather than having Bond’s sidekick ‘Q’ demonstrating gadgetry and armory (like a blowtorch on Bond’s Aston-Martin convertible), Wilsonville residents can rely on the calm, cool and collected experience of a proven Realtor to more successfully navigate pitfalls sometimes found in Wilsonville real estate. 

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Do You Have Questions About Wilsonville Real Estate?
For a free consultation, contact our WilsonvilleHomes.com sponsor, Certified Realty using the contact form below, or call them at 800-637-1950.

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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.

 

 

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Wilsonville Real Estate Update

New figures on Wilsonville real estate were just released by Ticor Title Company.

View the complete new report by clicking here, or on the image below.

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Click for Report

Have questions, or are you considering buying or selling a Wilsonville, Oregon home? Please contact Certified Realty, our WilsonvilleHomes.com sponsor using the form below for a free consultation.

Certified Realty is family-owned since 1950 and located right here in Wilsonville, Oregon.

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Wilsonville, Oregon Real Estate Update

Wilsonville Market Information
New real estate figures for our local Wilsonville, Oregon market were just released.
Click here or on the ‘play’ button below to hear a brief audio summary of this latest Wilsonville Homes report.

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 Click Image for Report

Significant Shift
One significant change found in this new report is a nearly 25% increase in our regional inventory of homes for sale. This is likely in part due to the more than 11% annual increase in home prices both in Wilsonville and the greater Portland area. 

View The Full Report
View the complete Wilsonville, Oregon real estate report from the Regional Multiple Listing Service here, or simply click on the above ‘Market Action’ image. This report includes fresh market information on the Wilsonville area, plus the entire Portland Metro, too.

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Selling Your Wilsonville Home?
Thinking about selling your Wilsonville area property in this still strong seller’s market? Contact our sponsor, Wilsonville’s very own Certified Realty using the convenient contact form below for a free report on what your property could sell for today.

New Wilsonville Home Figures

Wilsonville Area Home Scarcity Continues
Just-released figures from the Regional Multiple Listing Service on our Wilsonville area housing market reveal continued scarcity of local homes for sale, with competition among buyers continuing to push prices up.

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Click Image for New Report

Click here or on the ‘play button’ below to hear the audio podcast presentation of this article about our current Wilsonville real estate market.

Greater Wilsonville By The Numbers
Here are the most recent  key Wilsonville area real estate statistics. As a side note, neighboring communities like Tualatin and Tigard are included in these greater Wilsonville market statistics.

PortlandMetroArea-page-002
Latest Wilsonville Real Estate Market Takeaways
Greater Wilsonville Home Prices
Annual home price change +11.4%

Greater Wilsonville Average Market Time
Average market time 30 days

Greater Wilsonville Home Sales Volume
Monthly change in number of greater Wilsonville area home sales +8.7%
Annual change in number of greater Wilsonville area home sales +6.1%

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Regional Home Inventory in Months


Regional Home Inventory
As seen in the above table, our regional supply of homes is about half of what is considered to be the ‘low end’ of a normal backlog of properties. A ‘normal’ real estate market is typically 3 to 6 months of home supply.

Wilsonville Real Estate, Wilsonville Homes, Wilsonville OregonRegional Home Price Chart
The above home price chart shows a clear upward home price trajectory for the greater Portland metro region over the past four years. Wilsonville’s most recent annual home price increase of 11.4% is indicative of this regional real estate appreciation.

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Thinking about selling your Wilsonville home during this strong seller’s market? Home prices are up and buyers could be competing for your property right now. Contact Certified Realty using the convenient contact form below for a free home valuation today.

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Wilsonville Real Estate Weakens?

A new report released by Ticor Title Company suggests Wilsonville’s housing market may be slowing down.

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Key elements of this analysis involve an increase in both market time and home inventory. Click here or on the image below for this new report on Wilsonville real estate.

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Click to Enlarge

Thinking about selling your Wilsonville home? Prices are still up and right now could be your best opportunity! 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.

Wilsonville Waterfront Acreage Has Sale Pending

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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.

Homeselling Without A Realtor Can Hurt You When Buying

Wilsonville’s real estate market is more competitive than in years past and it’s now a bit akin to a footrace.

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Wilsonville’s housing market is getting more competitive

But it’s not just Wilsonville. For example, in the greater Portland metro area that includes Clackamas, Multnomah, Washington and Yamhill counties, there is now 3.4 months of home inventory. That’s close to half the supply of what many consider to be a ‘balanced’ housing backlog of 6 months.

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Local Housing Inventory in Months

As a result of this ‘seller’s market,’ home buyers throughout Wilsonville and beyond are competing for fewer available homes. So if you’ll be buying a home anytime soon, ensure your offer is most competitive. One way is to hire a Realtor when both buying and selling. Curious about why this is important? Then read on.

What To Do
While most home buyers need to sell their current property in order to buy another home, to be taken seriously by home sellers in this ‘seller’s market,’ it’s crucial to have at least a pending sale on your current property before making an offer. As a result of this competitive market environment, it can make a difference to have a Realtor represent you when both buying and selling. You’re about to see one example why.

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Advantage: Realtor

Transparency
To convince a homeseller that your offer is the best, a key factor is transparency. That’s because if you’re buying a home, there are likely to be other buyers also interested in the same property. Put yourself in a seller’s shoes. Before taking their property off the market, most sellers want assurance that an offer is likely to actually ‘close.’  As a result, they frequently expect a certain amount of credible information to determine the likelihood of success.

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If a property is attractive, expect competing buyers

What Not To Do
Recently some ‘for sale by owner’ sellers were also purchasers.  But they seriously hurt their odds to purchase the house they wanted by not hiring a Realtor to sell their property. Why? Since these buyers were selling ‘by owner,’ no reliable information on their unlisted property’s sale was available for the Realtor representing the seller of the house they wanted, to confirm their ‘pending sale’ status. Did they really have a ‘pending sale’ so they could proceed to purchase? Or was their ‘sale’ more of a handshake, riddled with contingencies? With no Realtor involved in a buyers’ sale transaction, it can be difficult to verify much at all.

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Oregon’s natural beauty attracts many homebuyers

These ‘for sale by owner’ buyers did one thing right, as they hired a Realtor to represent them in making an offer. But due in part to their alleged ‘pending sale’ not being managed by a Realtor to confirm the home inspection, appraisal, and buyer’s financing had been dealt with properly, along with what could have been unknown contingencies in their sale transaction, the ‘for sale by owner’ buyers’ offer was rejected.

Put Your Best Foot Forward
Unlike those unsuccessful home buyers, you can put a good ending on your next transaction. The best solution when buying and selling a Wilsonville home? Be competitive and hire a local, expert Realtor. To speak with qualified and experienced Wilsonville Realtors to represent your best interests, contact our WilsonvilleHomes.com sponsor, Certified Realty at 503-682-1083 or use the convenient form below.

 

Wilsonville Real Estate Update

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: What To Expect In 2015

Feature Article by Realtor Roy Widing

Predictions on Wilsonville’s real estate market are difficult to make with accuracy. Take, for example, local weather forecasts. Even when armed with technology like detailed satellite images, plus wind, barometric and temperature data, weather forecasters can get it wrong…and that’s for predictions merely a week or two away! 

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Accurately Predicting Weather & Real Estate Trends Seems Easy

Predicting Wilsonville’s Real Estate Trends
Now imagine the difficulty in predicting real estate market activity a full year into the future. Along with seasonal influences, other challenges in real estate forecasting include changing interest and employment rates, ever-shifting home inventory levels, plus a myriad of lending regulations and the mysteries of the Federal Reserve’s monetary policy, just to name a few.  Little wonder, then that some view real estate predictions as akin to flipping a coin or using a dart board.

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While Fun, Darts Are A Poor Choice For Accurate Real Estate Forecasting

Real Estate Forecasting: What Can Work
Though not foolproof, one generally helpful tool for predicting future real estate trends can be past real estate trends. Major unpredictable shifts occasionally occur, but the key word here is occasionally.

For example, the Great Recession that hit Wilsonville and the entire country starting around 2007-2008 was our nation’s worst economic downturn since 1929.  Thankfully we haven’t seen such financial meltdowns every year, or every decade, or even every half century. So aside from similar cataclysmic shifts, a certain degree of real estate predictability is possible. 

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Regional Home Price Chart Including Clackamas County

Reasons For 2015 Wilsonville Real Estate Optimism
Several factors are coming together to provide for an optimistic New Year in our area. As you’ll see, some factors are under federal control and others occur locally, but each has an impact on Wilsonville real estate. So if you’ve held off selling your Wilsonville area home, here are four of them that portend a good 2015: 

1. Credit Scores Loosen
Most homebuyers need a home loan, generally known as a mortgage. The good news is that mortgage credit is becoming more available as lenders loosen credit requirements.

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Credit (FICO) Requirements Have Loosened

2. Lower Down Payments
Government-sponsored loans from Fannie Mae and Freddie Mac recently brought out a 3% mortgage option. If conventional lenders also start offering similar low-down payment choices, this could bring more first time homebuyers into the market. This vital Oregon homebuyer group has long been under-represented, with their levels at the lowest since 1987.

3. Consumer Optimism
Recent figures from the National Association of Realtors confirm homebuyers are now more optimistic. This includes our area. When it comes to single family homes, the ‘Confidence Index’ chart below shows most states now have a majority level of optimism in their region, including ours.

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Orange & Red = Strong Single Family Home Consumer Confidence

4. Home Inventory Remains Low
Thanks in part to the reduced level of local new construction, home inventory in our region is still near historic lows. Our most recent survey shows we have 3.2 months of housing backlog. This suggests we have more buyers than sellers. As a result, Wilsonville homesellers can take advantage of what remains largely a ‘seller’s market’ heading into 2015. 

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Our Regional Home Supply Is Low

The Bottom Line
If you’ve held off selling your Wilsonville home because you were ‘under water,’ or concerned about the market being too low, now is a good time to consider re-evaluating.

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Many Wilsonville Homeowners Are No Longer ‘Under Water’

Wilsonville’s real estate market has changed. Experts predict regional home price growth to continue at a steady, albeit slower pace through 2015, compared to the 7.2% price increase to date for 2014. As a result, some suggest a 3% annual increase in area home prices. Depending on a variety of factors, that may indeed end up being conservative on the low end. For Wilsonville, expect between 3% to 6% in 2015 home price appreciation.  

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’s Spendiest Home

As November winds down, recent information from the Regional Multiple Listing Service suggests one Wilsonville home sale will stand out as the most expensive for the month.

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However, the property also features nearly 25 acres, along with Willamette River waterfront and a dock. So this sale includes considerably more than one home.

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Located on SW Wilsonville Road, the house includes 1,500 square foot of living space, with 3 bedrooms and 2 bathrooms.

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Also included are a red barn with 3 stalls, plus a tack room and hay storage. The final selling price for this property was $1.29 million dollars. Perhaps most interesting of all is that the market time was less than two weeks!

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Oregon’s Choice Since 1950

Thinking about selling your Wilsonville home? Wilsonville’s Certified Realty sells Wilsonville real estate in every price category. For a FREE report on what your property could sell for, contact Certified Realty using the convenient contact form below. Certified Realty is your WilsonvilleHomes.com sponsor and specializes in selling Wilsonville Homes.

Wilsonville, Oregon Housing Update

New figures on Wilsonville real estate were just released by Ticor Title. 

The median list price for a Wilsonville home is now $425,000, up from $419,900 earlier in the month. Click here or on the image below to view the latest figures on Wilsonville, Oregon real estate.

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Click Image to Enlarge

The new report also shows a slight increase in the average days on the market, which is now at 112, or nearly four months. 

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Buying A Wilsonville Home? You Could Be Moved In By Christmas!

Thinking about selling your Wilsonville home? Contact 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.

Wilsonville Real Estate News

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

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.