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June 2016 Sold Update

Looking back over the past 12 years we see top 10 cities by total sales:

  1. Salem 36%
  2. Albany 11%
  3. Corvallis 11%
  4. Keizer 6%
  5. Lebanon 5%
  6. Dallas 4%
  7. Silverton 3%
  8. Sweet Home 3%
  9. Woodburn 2%
  10. Monmouth 2%

These 10 cities make up over 80% of total sales.

Looking back to June 2013 – 3 years, we see for stick-built homes on a lot or land the top 10 configurations are:

  1. 3x2_RExRes – 31%
  2. 3×2.5_RExRes – 10%
  3. 4×2.5_RExRes – 8%
  4. 3x1_RExRes – 7%
  5. 2x1_RExRes – 6%
  6. 4x2_RExRes – 6%
  7. 3×1.5_RExRes – 5%
  8. 4x3_RExRes – 3%
  9. 3x2_RAxRes – 3%
  10. 2x2_RExRes – 2%

These top 10 configs total more than 80% of all stick-built residential homes.

Here are the 18 month views for stick-built on a lot:

2015_16_mo_All_RexRes_mean_20160607
Jan 2015 to June 2016 Monthly Averages for Stick-built on a lot less-than-one-acre.
2015_16_mo_All_RexRes_median_20160607
Jan 2015 to June 2016 Monthly Medians for Stick-built on a lot less-than-one-acre.

Averages are up from $118/sqft to $140/sqft. Medians have moved from $118/sqft to $145/sqft.

Here are the 18 month views for 3 bed, 2 bath, stick-built on a lot:

2015_mo_all_3x2_RexRes_mean_20160607
Jan 2015 to June 2016 Monthly Averages for the 3×2 Stick-built on a lot less-than-one-acre.
2015_mo_all_3x2_RexRes_median_20160607
Jan 2015 to June 2016 Monthly Medians for the 3×2 Stick-built on a lot less-than-one-acre.

Averages are up from $125/sqft to $154/sqft. Medians have moved from $121/sqft to $152/sqft.

Number of total actives is still below 3000 this morning at 3000.

active_history_line_200a
20 Month View of the Active Market
active_history_line_200b
20 Month View of the Active Market detail

If you have been following our Active Properties Update pages then you know that I devote a lot of attention to posting up-to-the-half-hour updates on the market. These updates include many views that I hope you find helpful. You can find the link to the  Active Properties Update pages in the main menu.

How to use some of the active property views

What do the config abbreviations mean?

Contact Matt for more analysis.

All numbers are based on my findings and may not agree with actual facts. Data is courtesy of Willamette Valley Multiple Listing Service which represents a subset of total real estate transactions in the area. Not to be viewed as investment advice. You have to make  your own decisions.

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