Wilsonville, Oregon Real Estate News

Wilsonville Homes, Wilsonville Oregon
Area Home Prices Have Climbed For More Than Five Years

New figures from the Regional Multiple Listing Service (RMLS) are now available on our greater Wilsonville housing market, as the positive trend continues. Read the full Portland metro area real estate report here, with key area market information highlighted below.

Wilsonville
Regional Home Supply is at 2.3 Months, a ‘Seller’s Market’

Inventory A Factor
A low supply of available homes continues to drive prices higher. That’s because a market inventory of between three and six months is considered a ‘normal’ housing backlog. For more than two years, our regional home supply has been below three months.

Wilsonville Oregon
Wilsonville Area Home Statistics – Click Image to Enlarge

Wilsonville Homes By The Numbers
These new numbers reveal home prices around Wilsonville are up 6.3% over the past year. The average home sale market time for our area is now 30 days. The average selling price so far this year is $431,400, with the most recent Wilsonville area monthly average home sale price coming in at $434,600.

Wilsonville Oregon

Selling?
If you’ve considered the sale of your Wilsonville area home, taking advantage of our present ‘seller’s market’ could be a smart move. Contact our WilsonvilleHomes.com sponsor, Wilsonville’s own Certified Realty using the form below for a free consultation, or call 503-682-1083.

Wilsonville Oregon, Wilsonville Real Estate, Wilsonville Homes, Wilsonville Properties

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.

Wilsonville Oregon, Wilsonville Real Estate, Wilsonville Homes, Wilsonville Properties
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.

Save

Save

Save

Save

Wilsonville Real Estate Weakens?

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

Wilsonville, Wilsonville Homes, Wilsonville Oregon, Wilsonville Realty, Wilsonville Real Estate, Wilsonville Oregon Property, Wilsonville Property, WIlsonville Oregon Realty, 97070

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.

Wilsonville, Wilsonville Homes, Wilsonville Oregon, Wilsonville Realty, Wilsonville Real Estate, Wilsonville Oregon Property, Wilsonville Property, WIlsonville Oregon Realty, 97070
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 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! 

Wilsonville, Wilsonville Homes, Wilsonville Oregon, Wilsonville Properties, Wilsonville Real Estate, Wilsonville 2015, Wilsonville Economy, Wilsonville OR
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.

 Wilsonville, Wilsonville Homes, Wilsonville Oregon, Wilsonville Properties, Wilsonville Real Estate, Wilsonville 2015, Wilsonville Economy, Wilsonville OR
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. 

Wilsonville, Wilsonville Homes, Wilsonville Oregon, Wilsonville Properties, Wilsonville Real Estate, Wilsonville 2015, Wilsonville Economy, Wilsonville OR
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.

Wilsonville, Wilsonville Homes, Wilsonville Oregon, Wilsonville Properties, Wilsonville Real Estate, Wilsonville 2015, Wilsonville Economy, Wilsonville OR
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.

Wilsonville, Wilsonville Homes, Wilsonville Oregon, Wilsonville Properties, Wilsonville Real Estate, Wilsonville 2015, Wilsonville Economy, Wilsonville OR
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. 

Wilsonville, Wilsonville Homes, Wilsonville Oregon, Wilsonville Properties, Wilsonville Real Estate, Wilsonville 2015, Wilsonville Economy, Wilsonville OR
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.

Wilsonville, Wilsonville Homes, Wilsonville Oregon, Wilsonville Properties, Wilsonville Real Estate, Wilsonville 2015, Wilsonville Economy, Wilsonville OR
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.

Wilsonville, Wilsonville Oregon, Wilsonville Homes For Sale, Wilsonville Oregon Homes For Sale, Wilsonville Realty, Wilsonville Real Estate, Wilsonville Properties, Wilsonville Property, Wilsonville Oregon Real Estate, Wilsonville Oregon Property, Wilsonville Homes, Wilsonville Property, Wilsonville Oregon Property, 97070
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.

Wilsonville, Wilsonville Oregon, Wilsonville Real Estate, Wilsonville Realty, Wilsonville Properties, Wilsonville Homes, Wilsonville Oregon Homes, 97070, Villebois, Charbonneau, Wilsonville Oregon Property, Wilsonville Oregon Real Estate
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.

Wilsonville, Wilsonville Oregon, Wilsonville Real Estate, Wilsonville Realty, Wilsonville Properties, Wilsonville Homes, Wilsonville Oregon Homes, 97070, Villebois, Charbonneau, Wilsonville Oregon Property, Wilsonville Oregon Real Estate
‘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 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.