If you are looking for Florence Oregon real estate or a Florence OR real estate broker on the web,be sure to check that you are getting a local experienced broker with local knowledge. I wrote a previous blog on the subject of Web Parasites back in 2009 that is still applicable today.

As of this posting, Florence OR Home inventory is up to 408 while the cumulative days on market is increasing to 378 DOM. Additionally, the median asking price is up to $220,000 as compared with $205,000 a month ago.

The last 6 months have netted 124 residential sales with a median sales price 164,000.
The last 12 months netted 260 residential sales with a median sales price of $165,000.
In short the inventory and median asking price is increasing, while there is downward pressure on actual sales price and an increase in market time.

When I think of the foolish asking prices on listed properties by my some of my peers, I am reminded of the American Idol ditty by a wise old man. “Pants on the ground, pants on the ground, looking like a fool with your pants on the ground”!

The good news is that while some properties are vastly over priced, there are some properties priced at today’s market value.

If you are actively seeking a great buy in the Florence Oregon real estate market, the secret is to find an experienced local Florence Oregon Real Estate Broker today.

I have over 30 years local experience and encourage you to pick up the phone to day!

As of this posting we are down to 400 active residential listings. The median asking price for a Florence area residential property is $220,000 with an average cumultive DOM of 367.

The last 6 months have netted 132 sales in the Florence OR area, with a median sale price of $175,000. The last 12 months have netted 258 residential sales at a median price of $162,000.

The above numbers indicate a slightly higher median sale price during the last 6 months of the year.

The bad news is that the difference between a median asking price of $220,000 and a median sales price of $175,000 in the last 6 months, still indicates and unwillingness by many local real estate practioners to realize we are living in a very different market.

I still witness 4 year old pricing tactics by some (list at any price) that will net longer days on market, a disapointed seller and ultimately a much lower sale price which harms the seller and the overall economy.

If you are looking for an excellent buy on the Oregon Coast, now is the time to buy, especially during the winter months. Prices have never been lower and interest rates are near the lowest they have been in my 30 years of local real estate experience!

Whether you are looking for a Florence home to retire to, a weekender, investment property or land, choose an experienced Buyer’s Broker that gives you the excellent service you deserve.

As of this posting the Florence Residential market has 416 active residential listings at a median price of $215,000 and a cumaltive DOM (days on market) of 358.

The last 6 months of sales have netted 137 sales at a median sold price of $163,000.

I find these numbers encouraging for two reasons. Last year we peaked at 485 residential properties being available. This year we are at 416. Last year we averaged around 13 sales per month in contrast with 23 sales per month this year. This year the median sale price seems to be holding at $163,000 as apposed to a year ago at around $155,000.

Housing has become much more affordable and interest rates are at an all time low. If lenders start making loans available based on common sense math and credit, we will be looking toward a long awaited stable market.

Unfortunately the lending criteria and federal scrutiny continues to make it difficult for even strong credit risks to obtain a loan. We need to let our Government officials be aware that credit regulations are far to tuff for the even the well qualified buyer.

If you are wondering where you stand in regard to your ability to get a loan today, give me a call. Those that can obtain a loan today are going to get a fantastic buy with a savy buyer’s broker!

Currently we have a total of 431 active residential homes for sale at $233,000 average and $209,000 median asking price.

YTD,we have sold an average of 23 homes per month at an average and median sale price of $187000 and $163,000 repsectively.

Currently, Florence OR real estate practioners and sellers, as a whole are still overpricing the market by roughly 22%.

While many practitioners and sellers do not wish to face the realities of the current market, there are still many excellent buying opportunities in Florence if you are working with an experienced Broker/agent!

The Florence Oregon real estate market netted 28 sales last month (up from 22), while the YTD (year to date) median sale price decreased.

According to RMLS sales data, YTD we have had 195 sales 21 sales/mo average at a median sales price of $162,000 (down from last months YTD report of $172,000) with an average cumalitive days on market being 285.

When comparing the above actual sales data with the median asking price of $220,000, the realities are stark.

Florence Oregon is definitely a Buyer’s market at least in the forseeable future.

As of this post we currently have 478 homes for sale at an average asking price of $231,000 and 342 days on market. The Median asking price is $212,000.

In contrast the Florence Oregon Market has yielded 167 sale year to date at an average sales price of $191,000 and a median sales price of $172,000 with 262 average days on market. That equates to a little less than 21 sales/month.

At the end of the day, many real estate practitioners are still missing the mark by as much as 19% when nationally the standard is to normally try to price a home within 10% of the actual sales price.

The really good news is that Florence OR is still one of the best places to retire to in the US and Florence is still a buyer’s market if you are working with a knowledgeable buyer’s broker.

While many homes are vastly overpriced, some are priced at or below market to make the sale before the winter season is upon us. Now is the time to buy!

The Florence OR real estate market currently offers 483 residential homes for sale at an average asking price of $236,000 and a median asking price of $215,000.

The last 30 days have netted 19 sales which is down from the YTD average of about 21 sales/month.

The YTD average sale price is $187,000 with a $160,000 median sales price and average cumaltive days on market being 280.

Even though, in many cases there is a $50,000 desparity between asking and selling prices, there are still multiple opportunities to find properties that are priced at or below market value, with the help of an experienced Florence Oregon real estate broker!

Whether you are looking for a spectacular oceanview home or lakefront home on the Florence Oregon Coast, give me a call today. You will be glad you did.

Every now and then we run into properties that are so unique, they are worthy of special mention. I just listed 3 bedroom, 2 bath Oregon Coast Range riverfront home with over 700 ft of whitewater frontage, in a private 3 acre valley. Check out the link above because this is truly a “one of a kind” property!

As of this posting, the Florence Oregon residential inventory has increased to 483 residential listings with an average asking price declining slightly, to $242,000 and the median asking price declining to $222,000.

During the last six months, the Florence OR residential home sales price declined to an average $190,000 and a median sales price of $160,000 for 122 sales.

What appears to be happing is that all the old expired properties that are out there, are returning to the market after much resistance to price change by sellers. Many sellers are finally starting to realize that the market is not going to turn around any time soon.

While many of the Florence OR homes are overpriced, there is substantial opportunity to make a great buy by working with a knowledgeable Buyer’s Broker!