Check out the graphic below which show changes targeted for September 16th.
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Check out the graphic below which show changes targeted for September 16th.
New figures on Woodburn, Oregon real estate are now available. While the results are a bit mixed, there’s plenty of room for optimism as we head into what is traditionally one of our best seasons for Willamette Valley real estate.
Woodburn Home Sales Up The good news is that Woodburn home sales are up dramatically. View the full report on Woodburn real estate here, or by clicking on the Market Action image below and check out page 2 for specifics on other local towns and neighborhoods.
In fact, home sales are up 21.9% compared to the prior month tabulated. It’s more than a passing trend, too, because over the prior year, the number of sold Woodburn homes is up 19.3%.
Inventory A Factor Less noteworthy is the change in Woodburn home prices. This is likely due in part to the still significant backlog of homes on the market throughout the region. As a result, Woodburn homesellers are competing in earnest with each other and it remains a buyer’s market. Our region also has 6.3 months of housing backlog to work through.
Woodburn Home Prices Mixed
According to the Regional Multiple Listing Service (RMLS), Woodburn home prices have changed by -2.7% over the past year. More encouraging is the change in local prices over the prior month tabulated. The Willamette Valley Multiple Listing Service (WVMLS) reports Woodburn homes are selling 1% higher over the most recent month.
Thinking of Selling? Contact The Experts!
For a free report on what your Woodburn property could sell for in today’s market, contact our sponsor, Certified Realty using the form below.
How many parks would you guess there are in Woodburn?
One? Three? Five? Ten? More?
Scroll down for the answer, after you guess how many parks Woodburn has in our poll:
Here’s the answer:
Woodburn has 15 parks!
Recent data on Woodburn home sales reveals a strong and thriving market.
Figures from the Regional Multiple Listing Service (RMLS) indicate Woodburn homes are now selling very close to list price.
In fact, the average recently sold Woodburn home closed for more than 99.8% of the asking price.
|Woodburn Home Sale Statistics|
|Average Sold Price:||$202,873|
Thinking of selling your Woodburn home? It’s a seller’s market.
Contact our WoodburnHomes.com sponsor Certified Realty using the convenient form below for a FREE report of what your property could sell for today.
A recent report on Woodburn real estate provides some helpful insights into our current market. The study includes local market data on Woodburn and neighboring towns.
In the table above, several key elements are circled in red, showing where Woodburn is the front-runner in several categories.
Here’s a summary of this new report, with key information on Woodburn’s home market:
More Homes Are Sold In Woodburn
Woodburn enjoys the distinction of most local homes sold, far outpacing the closest runner-up, #2 Silverton.
Woodburn Homes Are Smaller
Due in part to our high senior population, Woodburn has the smallest average home size of all towns surveyed.
Woodburn Homes Take Longer To Sell
With an average market time of 163 days, homes in Woodburn take longer to sell. Homes in neighboring towns like Canby and Hubbard sell almost twice as fast.
Woodburn Homes Are Less Expensive
Thanks in part to their smaller size, Woodburn homes have the lowest average selling price. This translates to the cheapest price of living space at $102 per square foot. The other local town with the closest low figure is Hubbard, at $107 per square foot of living space. Canby comes in highest at $172.
Thinking About Selling?
The experts at Certified Realty can provide you with a FREE report on what your property could sell for in today’s market. Certified Realty sponsors WoodburnHomes.com. They remain Oregon’s choice since 1950, and provide dual multiple listing coverage for maximum marketing of your Woodburn property.
With nice weather and fewer competing homes on the market, now is a great time to contact your Woodburn experts, Certified Realty using the convenient contact form below.
As Spring approaches, you may have heard someone say: “Now is an excellent time to consider placing your Woodburn home on the market for sale.”
However, you may wonder, Why is it considered such a good time for me to sell my Woodburn property? So if you’ve ever thought about selling your Woodburn area home, this article is for you. Here are three reasons why you should consider selling your Woodburn home:
There are fewer Woodburn homes on the market right now. This means demand is rising. That frequently translates to higher home prices. And with fewer competing sellers, you may need to negotiate less for your best deal.
Many home buyers will shop in earnest during better weather. It’s easier and more fun. But there’s one other reason you may not have considered: School is out soon and that is a great opportunity for families with kids to move during Summer Vacation. Don’t miss out on these buyers!
One of the big factors affecting the price of a home loan is the interest rate charged by your lender. Interest rates remain near historic lows. This means even with rising prices, homes are more affordable if interest rates stay low.
Thinking about selling your Woodburn home? Contact our sponsor, Certified Realty for a FREE report on what your Woodburn property could sell for in today’s market using the convenient form below.
Pending Woodburn home sales are up 16.7% over this time last year. Part of this strengthening of the Woodburn housing market is likely due to reduced inventory.
Buyers appear to be increasing their activity. Check out the latest figures on Woodburn homes on page 2 here. Information includes Woodburn’s average market time, average sales price and annual appreciation.
Thinking about selling your Woodburn home? Contact our sponsor, Certified Realty using the convenient form below for a FREE report on what your property could sell for in today’s market!
More than a dozen incidents of vandalism were recently reported in Woodburn at the Estates Golf and Country Club neighborhood around April Fools’ Day. However, very few Woodburn residents are laughing at the criminal activity.
Making the situation even stranger are typewritten notes accusing city of Woodburn employees for the damage. Click here to read one such note left by vandals defacing Woodburn homes. News reports indicate Woodburn officials have denied the damage was caused by city employees.
Photos released of the alleged perpetrators show hooded individuals at night carrying a pieces of paper.
Anyone with knowledge of the crimes is encouraged to contact the City of Woodburn Police Department via their website or call at 503-982-2345.
This beautiful photo was taken at Woodburn’s Wooden Shoe Tulip Farm.
As of this last day of March, 2014, the Regional Multiple Listing Service (RMLS) reported 21 Woodburn homes sold this month. This brief summary provides some interesting Woodburn real estate facts.
Closing prices for these 21 properties ranged from $50,000 for a 2 bedroom condominium to $390,000 for a tidy 1,700+ square foot ranch style home on 10 acres.
The largest Woodburn home to sell this month was this 3,200 square foot Woodburn residence built in 2005. It features 4 bedrooms and 2.5 baths.
One of the more unique Woodburn homes to sell this month is the following cozy 1,232 square foot Mediterranean-style house that sold for $140,000.
Thinking about the sale of your Woodburn home? Contact your WoodburnHomes.com sponsors, Certified Realty using the convenient form below for a FREE market report on what your property could sell for in today’s market! Certified Realty is Oregon’s Choice since 1950 and they sell Woodburn homes in every price range.
The latest Regional Multiple Listing Service (RMLS) report shows the average price for Woodburn homes is now $182,700. Check out page two of this new report to see housing figures for your nearby Willamette Valley town or neighborhood.
Many Woodburn homes are priced above or below that figure. But that has many people wondering ‘What kind of Woodburn house can I expect in this price range?’
Two Woodburn homes currently for sale between $179,900 and $184,000 both include 3 bedrooms, 2 bathrooms and a double garage.
Thinking of buying or selling a Woodburn home? Contact Certified Realty for a FREE report on what your property could sell for, and a FREE update on the current market for Woodburn homes.
One recent Woodburn home sale featured a nice 3 bedroom, 2 bath home on 10 acres located at 13125 Killiam Loop. The transaction closed earlier this month for $390,000.
Are you thinking about selling your Woodburn home? Contact our sponsor, Certified Realty, using the convenient contact form below for a FREE report on what your property could sell for. Certified Realty specializes in selling Woodburn homes and real estate.
This week marks the arrival of Spring, presenting sellers of Woodburn homes with some of our best home selling weather. As a result, this is traditionally the time of year when many Woodburn home sellers consider placing their property on the market.
Better weather can only help the market for Woodburn homes, which saw relatively little change in prices over the past year. In fact the average price change in Woodburn home sales over the past twelve months was -0.4%.
However the scenario of Woodburn’s stalled home prices may soon change. That’s because the latest report on area home inventory shows a significant drop in our backlog of homes for sale. As a result, our region would now ‘run out of homes’ to sell in 7.1 months, a dramatic 1.8 month inventory drop over the past 30 days reported. Such a reduction in housing supply tends to spur demand.
And while Woodburn home prices have been virtually flat, the latest Regional Multiple Listing Service report confirms the number of Woodburn home sales are up by 23.3% over the past year. According to recent figures, the average price for a Woodburn home is now $182,700, with the average time on market at 204 days.
Read the complete FREE report on Woodburn area homes here, or by clicking on the Market Action image below. Check out page two for details on other local towns and neighborhoods.
Thinking about selling your Woodburn home? Contact our sponsor, Certified Realty using the convenient form below for a FREE report on what your Woodburn home could sell for in today’s real estate market.
According to the Regional Multiple Listing Service (RMLS), the highest recently selling Woodburn home is located in rural north Woodburn on 22+ acres.
The property transaction closed in January for $540,000. This Woodburn home features nearly 1,800 square feet of living space with 3 bedrooms. Included are a 48 x 100 shop, 84 x 84 barn and 100 x 150 outdoor arena.
Thinking about selling your Woodburn home? With Spring fast approaching, now is a great time to make your move. Contact our WoodburnHomes.com sponsor, Certified Realty using the form below for their FREE report on what your property could sell for in our current market. Certified Realty specializes in every price category of Woodburn homes.
Originally posted on Willamette Valley Properties:
Realtors deal with the public daily and work with every kind of personality. The usual result to their efforts is a successful transaction. Real estate agents have learned that their response can impact results. One business executive summed it up this way: “It’s not the what, it’s the how.” So often, it’s not what you do, it’s how you do it and part of that equation is how you interact with others. This involves personality. So where does…
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A recent report illustrates where housing near greater Woodburn has been and where it may be headed. The latest Case-Shiller home price index indicates our region is indeed bouncing back. In fact, regional real estate recently saw its best results since 2005.
To be clear, Woodburn is not technically inside the geographic boundaries of the this latest report. Yet when it comes to Oregon real estate, greater Portland is the 900 pound gorilla in the room that impacts nearby markets. Changes in larger metro areas (like Portland) frequently impact less populous areas (like Woodburn) as various market behaviors take hold, then spread over time. Home prices are one example, particularly since greater Portland is a formidable economic engine-where commuters who frequently drive to work from places like Woodburn-are employed.
One other example of this gradual effect on smaller markets by larger markets are mass transit projects connecting Woodburn to Portland and points beyond, like this current railway transportation plan currently on the drawing board. The result could have significant impacts on Woodburn residents and our economy.
Are you considering the sale of your Woodburn area property? Contact our sponsor, Certified Realty using the form below for a FREE report on what your home is worth in today’s market.
A recent real estate article suggests home sellers are now working to get a jump on the competition by placing their properties on the market ahead of Spring:
The Spring selling rush may already be under way, as some home owners are already throwing their properties on the market to take advantage of rebounding home prices and improved equity.
This trend may have Woodburn area home sellers acting fast. Here’s some additional helpful information if you’ll be selling your Woodburn property in 2014:
Inventory shortages persisted last year, when supply was at a 12-year low leading into the spring. The shortages helped boost home prices, but gave home buyers limited choices and sparked bidding wars in many markets.
New-home construction is now at a third of its 2006 peak, which likely will keep inventories tight this spring. But, economists say, improved home prices will likely convince more sellers to sell this year, and that should relieve the inventory crunch in many markets.
Read the entire article here. Thinking about selling? Contact Certified Realty using the convenient form below for a FREE consultation. They’re your Woodburn real estate specialists and can provide you with information on our market and your home’s value.
The latest regional home price report shows a sea change in Woodburn home values. According to the new Market Action report, Woodburn home prices changed by -4.6% over the past year.
Long Market Times
Perhaps more concerning than our recent dip in Woodburn home prices is how long it now takes for local homes to sell. The average market time for sold Woodburn homes is now 287 days. This compares to just a 138 day average market time for the rest of the region.
Regional Home Prices A Mixed Bag
House values throughout our region are mixed. For example, while Marion County prices are up 9.3% over the past year, Woodburn prices have changed -4.6%, central Salem home values are up by 25%, North Keizer prices improved by 14.4% and South Keizer home prices increased by 4.9%.
Rising Home Inventory A Factor
A recent increase in our already burgeoning regional housing backlog helps explain why the Woodburn area home sales momentum has stalled a bit.
At the current rate of home sales, we would not run out of homes for 8.1 months. This is a historically high level of housing inventory. As a result, Woodburn area homesellers are now competing for qualified buyers. And with more sellers than buyers, it is now a ‘buyer’s market.’
Contact The Experts
Thinking about buying or selling? Contact our WoodburnHomes.com sponsor, Certified Realty for a FREE consultation using the convenient form below. Still family owned and operated, Certified Realty remains Oregon’s choice since 1950.
Fun upcoming events and surprising local housing facts are all found in the latest free edition of the Oregon Real Estate Update.
For example, the average home price for Woodburn is now up a remarkable 18.7% to $140,700 over last year.
As a comparison, the average Salem area home price is $187,900, up 10.7% in the past year and the average Portland area home price is now $309,200, up 14.1% over the same period.
Total Average Market Times
Just as interesting is how long it takes for a house to sell. For Woodburn, the average market time is now around 136 days.
The total average market time in the Portland metro area is about two months. The average market time around Salem is closer to four months.
Local Fun, Too
Also included in this new report are enjoyable, ‘uniquely Oregon’ Autumn activities for the entire family. Find out all the details in this latest free edition of the Oregon Real Estate Update here.
Work is well underway on the Woodburn/I-5 Interchange.
You may have noticed construction while driving on Interstate 5 at Woodburn recently. A new interchange is being built across the I-5 Freeway. For details from the Oregon Department of Transportation, click here.
The latest report on Woodburn real estate is good. That’s because new figures show Woodburn home prices have jumped 21.2% over the past year.
Have you been thinking about selling your Woodburn home or real estate? Contact our sponsor, Certified Realty, specialists in Woodburn area real estate since 1950! They can provide you with a FREE market analysis of your property, plus current Woodburn real estate market information.