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Helpful information Mid-Valley Real Estate Update

Trends for the Week ending August 17, 2013

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Home ownership is pure joy!

Last week there were 84 sales (see note below). The average price for a 3 bedroom, 2 bath was $211k at 1653 sqft based on 24 sales. Average 3×2 acreage was 1.9.

This compares with the previous week (ending August 10) by:

  • 3×2 total sales by number of transactions down 35% (37 -> 24)
  • 3×2 price up about 10% (192 -> 211)
  • 3×2 square footage about the same.
  • 3×2 average acreage was way down (1.9 -> 0.4)
  • 3×2 average days on market for all residential is up (122 -> 138)

Average price for all residential combined year-to-date is $186k at 1704 sqft. Last year (2012) average residential was $173k at 1703 sqft. The square footage is about the same while the 2013 year-to-date price is up $13k. Average residential days-on-market last year (2012) were 138. This year, so far, days-on-market is about 135.

Here a few more statistics comparing the last two weeks:

Residential plus acreage (not manufactured with acreage)

[table]
Ending Date, Ave $k, Ave DOM, Ave acreage, # of Sales
Aug. 17, 344, 221, 5.9, 9
Aug. 10, 340, 167, 16.7, 16
[/table]

Residential (not manufactured or condo)

[table]
Ending Date, Ave $k, Ave DOM, Ave acrerage, # of Sales
Aug. 17, 184, 129, 0.20, 59
Aug. 10, 205, 127, 0.29, 93
[/table]

Please note that I updated the post for the previous week. Sometimes it takes the real estate brokers a few days to get the listing data updated.

Contact Matt for your real estate needs.

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.

Note: Sales for the week include these real estate classes:

[table] Class, # of Sales
CI Commercial, 0
LN Bare Land, 7
LS Lease, 1
MF Multi Family, 1
MH Manufactured without Land, 2
RA Residential with Acreage (home+manufactured with acreage), 10
RE Residential (home+manufactured+condo/townhouse), 63
RT Rental, 0
[/table]

 

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