Happenings in Mid-Willamette Valley area real estate.
We all know that the real estate market has its ups and downs. Take a look at these numbers from the Mid-WIllamette Valley and let me know what it means to you.
During the last 9 years the average price for residential real estate was about $193k (1662 sqft). The average price for a 3 bed-2 bath home was $185k (1535 sqft). The 2012 average residential was $173k [9% down] and 1702 sqft [10% up]. In 2012 a 3×2 was $167k at 1562 sqft. The 2012 3×2 was down about 10% from the long-term average at about the same square footage.
The 2013 average price for a 3×2, so far, is $177k and 1566 sqft. The average for all residential combined for 2013 is $186k and 1704 sqft.
Last week there were 139 real estate sales and the average price for a 3 bed-2 bath was $192k at 1609 sqft (29 sales). This is up almost 8% for the year and up over 11% from last year. This matches the 10% increase in average square footage from last year.
All numbers are based on my findings and may not agree with actual facts. Data is courtesy of Willamette Valley Multiple Listing Service.