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Uncategorized Florence Oregon Pricing Desparity Harms Sellers There still appears to be a continued trend of large price desparities (list price vs actual sale price) with “list at any price” brokers in the Florence Area. The 30 days preceeding this posting, has netted 13 sales, with average sale price of $202,000 and 220 DOM (days on market) for those sales. The current […]
Uncategorized Florence Oregon Real Estate Showing Activity Up The 30 days previous to this post has netted a total of 10 solds out 482 active residential lisitngs with an verage asking price of $273,000. The sold properties average sold price was $187,000. Interest rates have moved up close to a full percentage point in the last 2 weeks to around 5.75% apr for […]
Uncategorized Florence is Buyers Market! As of this posting, Florence inventory has risen to 473 residential properties with an average asking price of $278000 and an average DOM of 300. In the preceeeding 30 days we are down to 10 closed sale and an average sale price of $169,000. Note: In a small market like Florence, average sales price can […]
Uncategorized Tax Credit for 1st Time Buyers Evidently the idea of the federal government monetizing the 1st time home buyer tax credit for a down payment on a FHA loan is in the works. See http://bit.ly/U276T for more infoormation.
Uncategorized Interest rates low but rising. This may very well be the time to buy, especially if you are obtaining a mortgage. The bad news is that Interest rates are creeping up from an all time low in the 4.75% range to close to 5% due to unheard of Government borrowing levels. The good news is this is Buyer’s market! Right […]
Uncategorized Tale of Two Cities Right now the Florence inventory of residential homes has increased to 464 homes with an avergae list price of $279,ooo and averge DOM of 301. Last month, 13 actual sales averaged $200,000 with an average DOM of 120 days. The Eugene Sringfield area has 1415 residential properties for sale with average list of 307,000 wth […]
Uncategorized 102 nd Rhododendron Festival in full swing! As of this posting, the market is basically unchanged since the last posting witth the exception of there being 457 residential properties now available. The sunshine is out and there are plenty of people in town for the 102nd annual Rhododendron festival this weekend! Each year the town’s population swells from 8500 to over 50,000 […]
Uncategorized Florence Real Estate Reality! As of this posting we have had 11 residential sales in the Florence area in the last 30 days. The average sale price was $205,000 with an av list price of those 11 sales being $218,000 and av DOM (days on market) of 174. On the other side of the coin we have 450 residential […]
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Uncategorized Florence Oregon real estate prices decrease! Currently we have 456 residential properties for sale in the Florence Area with 13 sales in the 30 day period preceeding this post. The average asking price today is $278,000 with the average sale price of $218,000. As a side note, I have had more property inquiries and showings in the last month than the […]
Uncategorized Showing activity increasing! This last 2 weeks have shown a fair amount showing activity and a few written offers on properties that are priced fairly close to market. Currently there are about 450 residential properties on the market with an additional 250 lots and roughly 35 commercial properties. The last 30 days preceeding this post showed 15 residential […]
Uncategorized Florence home buyer traffic up! Florence home showing activity has been up in the last 2 weeks but sales are still flat as compared to last week. As of today the florence area home inventory has dropped slightly to 439 homes with an average asking or list price of $286,000. In the last 30 days we have had 16 sales […]
Uncategorized Sales rise, as prices fall! I am encouraged to see the last 30 days, produced 16 residential sales for the Florence area! That is up from a several month run of 5 and 6 sales per month and is largely due to huge price reductions. The average sale price was $235,000. Of the 16 homes sold, the average last asking […]
Uncategorized Florence Market Bump? Today the market is still very slow although there appears to be a small bump in activity. Out 445 residential units for sale, there are now 12 sold for the 30 day period prior to this post. The average sale price of those 12 sales was$193,000. After a several month stretch of 5-6 residential sales/month […]
Uncategorized Florence real estate blog update As of this posting, we have had 9 residential sales for the past 30 day period, up from 5 since the last post perviously reported. The avereage list price for all 445 active residential housing units is $288,000. The current average sale price for the last 30 days has been $162,000. Those nine properties were […]
Uncategorized Florence real estate activity up, but sales are down. In the last 30 days it appears that more showings are taking place but the actual numbers of residential sales closed for the last 30 days, is down to 5. There are currently 15 residential sales pending in the last 30 days, but, is anyone’s guess as to how many of those pending will actually […]
Uncategorized Best Florence real estate buys are hidden! Florence has many excellent real estate values that are often lost in a large, over priced inventory. Currently we have 438 housing units for sale in the Florence area of which 62 are condos. While the average list price for a single family home today is $328,ooo, the average sale price during the last 6 […]
Uncategorized Avoiding web parasites! When you are searching the web for real estate, it may be wise to “think before you click” and give your name, phone number or search criteria out. Today many website owners are strongly implying that they are a local Florence Oregon real estate broker or expert (or any other combination of search words) when […]
Uncategorized How do you want to spend your time? As of today, the Florence area market,including Mapleton, has 448 active residential listings with an average asking price of $284,000. In the last 30 days, there have been 10 residential sales with an average sold price of $234,000 with an average time on market of 370 days. The 10 properties that actually sold had been […]
Uncategorized Don’t Take The Bait! While some firms are boasting the largest market share, the largest staff and the largest ads, to obtain your listing, you may want reconsider before committing. As of today, we have 445 residential homes on the market with 12 home sales in the last month for an average sale price of $217,000 and an average […]
Uncategorized Why is the Florence Oregon Market overpriced? Commonly I am asked, “why do so many Florence Oregon properties appear to be over priced?” I offer the following reasons. In addition to sellers expecting the market would always go up, many local real estate practitioners became lazy during the boom that came with low interest rates, high demand, and low supply. Brokers became […]
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