As of this post we have 388 Florence OR homes or residential properties for sale at an average asking price of $271,000 and an average days on Market of 361 days on market (DOM. Median asking price is $250,000 with a median DOM of 264 Days.

During the 30 days preceding this post, There were only 16 residential properties sold & closed in the Florence OR area at an average sale price of $186,000. Median sale price for the same period was $188,000 according to the Portland RMLS.

While askin prices are still rediculously over priced, there is always an opprtunity for an excellent buy with the aid of a knowledgable Florence buyer’s broker. Contact me for all your Florence Oregon Real Estate needs today!

I often have people ask, “Shouldn’t I wait till the market gets better to sell or buy?” My opinion is NO!

Many Sellers worry about “how much money they might loose” if they sell now, but what ever you think they are loosing, will be more than made up in the purchase of another property. That is as long as you act quickly and with the guidance of an expert Buyer’s Broker in Florence Oregon.

I often see people take the last valuable time they have on this earth, fretting about what they may loose rather than focusing on what they will gain. Most losses will made up on their next dream home purchase with the aid of a sharp Broker.

Life is short and sometimes we forget that there is value in moving on and living live to the fullest!

Here is the good,the bad and the ugly regarding the Florence Oregon real estate market as of today.

The good news is the number of Florence Oregon real estate residential sales remained the same as last year.

The bad news is that the market has seen an average residential sales price decrease of 14.7% for the last 12 months according to the latest RMLS Market Action Report.

The ugly, is the failure of many Florence real estate practioners to obtain realisitc price reductions in this overpriced market. As of this posting we have 403 residential properties for sale at an average asking price of $254,000. Last month’s sales netted 22 sales at an average sale price of $200,000.

On a happier note, Florence real estate practioners will either get it right this year or get fired by atrition.

As we enter the new year, Florence Oregon will provide many excellent buying opportunities for those who seek the counsel of an experienced buyer’s broker!

As always, feel free to consult with me anytime at FlorenceRE.com!

…IF you are working with a knowledgeable agent that has a little initiative. Many Florence real estate Practitioners have grossly overpriced their listings and they have been on the market for so long, that the seller will do just about anything to get the job done, IF they are presented with hard statistical sold data in the form of a CMA or competitive market analysis. I have recently seen properties selling for $50-100k less than the original asking price when the Buyer’s Broker takes the time to properly present the offer.

Right now there are 406 residential properties for sale with an average list price of $255,000 while the 26 homes that sold in the last 30 days, actually closed escrow at $207,000.

Contact Windermere/Florence Real Estate today for information on our Buyer’s Broker services!

As of this post, we have 409 residential listing at an average asking price of $256,000 with an average market time of 351 DOM.

In the preceding 30 days we have had 29 sales at an average closed sale price of $204,000 which is 20.3% less than the average list price.

Nationally, most real estate practitioners are discouraged from taking a listing exceeding 10% of the market value because the old “list at any price” mentality actually causes financial harm to sellers in a declining market.

The good news is that there are many Florence Oregon sellers willing to sell at fair market value if their broker simply takes the time to share actual sales data with their client.

If you are looking for an excellent value, put our Buyer’s Broker services to work for you today by contacting Jeff Crayne, Steve Earnshaw or myself at Windermere/Florence Real Estate!

As of this post we currently have 397 residential properties for sale in the Florence OR area with and average list price of $270,000 and average Days on Market (DOM) of 352.

In the 30 days preceding this post, there were 28 sales with an average actual sale price of $204,000.

The above numbers are pathetic reminders of how poor a job many real estate practitioners in Florence Oregon are doing when coming to pricing their listings.

There are fantastic bargains available in the Florence real estate market today, if you are working with a knowledgeable buyer’s broker. Visit my web site or give me a call today at 541-997-5926 to tap in to my 29 years of local Florence real estate experience!

The average listing price is creeping up to $261,000 for the current residential inventory with average days on market now at 354 for all 409 residential listings.

In the preceding 30 days to this post we have had 23 sales at an average sale price of $187,000. Of the properties that sold, the last list price was at $197,000.

If Florence were the only market in Oregon that was experiencing this kinds of statistical data, the local practitioners might be able to defend the gross overpricing and days on market.

In contrast Eugene is experiencing reasonable sale activity and only 77+/- days on market because those Eugen Brokers are listing homes in their area within 10% of the actual sale price.

If you are the unfortunate buyer stumbling in or calling in to the average floor duty real estate practitioner, you may very well find yourself upside down in a transaction.

Before comitting to a broker, make sure that you have checked out their references and they have the necessary skills and backgorund to properly represent you!

We currently have 407 residential properties on the market at an average asking price of $260,000 with average days on Market of 348.

In the 30 days preceding this post, we have had 20 sales at an average closed sale price of $162,000. Of the properties that actual sold, the last known asking price was within $10,000 of the sold price.

None of the above comes as any surprise to me for three principal reasons.

First, the Florence market typically slows down in the winter months which may have some bearing on the 10 sales less than the last post.

Second, in a small market, one oceanfront sale can greatly skew numbers.

Third, the disparity between sales price and average sales price in Florence, is close to $100,000 at this check point. Industry accepted standards support listing a property within 10% of the actual sales price, not 20-40% we are now seeing. A wildy high asking price, will grossly increase days on the market and decrease the number of sales. Further it will tarnish the entire Florence Market as being over-priced.

I hope that Florence, Owner/Principal Brokers get serious about their professions and invite some of their broker-practioners to adopt a professional attitude about taking lisitngs or take a permanent vacation!

During the 30 days preceeding this post, the Florence Real Estate Market has seen an average list price for 409 residential properties rise to $262,000 and the average Days on Market (DOM) rise to 341 days.

During the same period of time, the average sale price was $195,000 for the 27 residential properties that sold.

I spite of the above news. I am certain that there are many great buys in Florence that can be found with the aid of a knowledgable Buyer’s Broker!

If you are thinking of buying, visit my Florence Oregon real estate website or give me a call. I will be glad to assist you!

In the 30 days preceding this post, there are 420 residential listings with an average asking price of $260,000 and an average days on market of 335.

During the same period there were 30 sales at an average sales price of $187,000. Of the properties that sold, the asking price had finally been reduced to $192,000.

The moral of this story is that when your property is listed within 5% of the actual market, it will sell.

When you are thinking of selling make sure that your broker/agent has done a Comparable Market Analysis and that your property is priced within a reasonable range or you will loose money each month, in a declining market.

While a large segment of Florence’s 85 real estate practitioners are still engaging in the lazy practice of “listing at any price” there are a few that are very conscientious.