HomeStar Brokers LLC
4093 Commercial St SE, Salem, OR 97302
Matt is a real estate broker licensed in Oregon at HomeStar Brokers
The annual active cycle continues for mid-Willamette Valley real estate. In this short post we will examine the active market for the past four years. Specifically:
- The annual total actives cycle,
- The overall decrease in total actives during this period, and
- The upward trending $/sqft for the 3 bed, 2 bath, on-a-lot home.
For the past several years the number of active home properties on the market has decreased near the end of the year.
Here is an interactive view of this chart. Lots of data, so may be slow loading. Some browsers may not support the interactivity. You will need to use your back arrow to return to this page, or to open in a new tab right-click or long-touch on the link and open in new tab. Ctrl+click/Cmd+click will do the same. This page is data rich and will definitely work better on a bigger screen.
The colors show actives for each day of:
- 3 bed, 2 bath, on a less than one-acre lot (black=3x2_RExRes),
- all homes on less than an acre (purple=RE),
- homes on more than an acre(plum=RA),
- bare land(brown=land), and
- empty lots(orange=lots).
The total number of actives has greatly decreased during the past 4 years from over 4,500 at the end of 2014. You can see from the chart below that this number has decreased to around 3,000 in recent years. Total actives, in general, show an increase in number for 2018 over 2017. Note that this post is looking at actives only, not active-under-contract, or active with first-right-of-refusal.
You can see in the chart below how the mean and median $/square foot numbers have risen during the same time frame with a dip and rise during the second half of 2018.
Average (mean) $/sqft values have moved up from about $130/sqft in late 2014 to almost $185/sqft at the end of 2018.
Here is an interactive view of this chart. Lots of data, so may be slow loading. You will need to use your back arrow to return to this page.
Some browsers may not support the interactivity.
If you have been following our Active Properties Update pages then you know that I devote a lot of attention to posting 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.
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 mostly South of Portland and North of Eugene. Not to be viewed as investment advice. You have to make your own decisions.