Has the real estate market shifted in Corvallis, Oregon?

Has the real estate market shifted in Corvallis, Oregon?

The average listing prices had a sharp decline while the median sales price continued to rise with the average home selling for $169 per sq. ft.  The overall market seems to be steady as we move into the 4th quarter, especially compared to other parts of the country.

SO… What does that mean to you as a BUYER? With interest rates still at historical lows, it is a great time to buy. The sellers that have their home on the market are serious sellers. There is still a good inventory of homes available with over 170 single family homes currently on the market.

My advice for BUYERS: If you find the house you want… BUY IT!

What does this mean if you are a SELLER? Price your home right! Homes that are priced according to the market sell no matter if it is a Buyer’s Market or a Seller’s Market. Overpriced homes will sit and sit and sit. Then, a buyer who knows the property has been on the market for a while will make a lower offer. But, if you price it right at the beginning, your home will be one of those that sale. Notice the huge increase in the Days on Market. Pricing right the first time will greatly reduce the days your house will be on the market.

My advice for SELLERS: Price your home right the first time. Be aggressive in price reductions.

When you are ready to BUY a home, SELL a home, or INVEST in real estate, give me a call. I will help you save time, money and stress.

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Perfect Corvallis home for the Oregon Winters... Check out the Indoor Hot Tub room

BIG PRICE REDUCTION

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$340,000 Single Family Home Main Features 4 Bedrooms 3 Bathrooms Interior: 3,183 sqft Lot: 0.21 acre(s) Location 3225 NW Lynwood Cl Corvallis, OR 97330 USA To get updates on open home dates and other property events, please click the "Like" button below:

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Terri Woods Keller Williams Realty (541) 760-0055 terriwoods@kw.com http://terriwoods.yourkwagent.com/        Listed by: Terri Woods with Keller Williams Realty

Our recent listings A GREAT DEAL on this OREGON LUXURY HOME with GUEST QUARTERS on 1+ acres in North Albany, OR BIG PRICE REDUCTION PRICE REDUCED...OREGON home on 5 acres Subscribe to our listing feed

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Everything to do with LIVING LIFE!

OK - this has nothing really to do with real estate, but everything to do with life.

When was the last time you laughed?  That deep down belly laugh that was so intense you could barely breathe?  Falling out of your chair?

When was the last time you really had fun.  That peaceful quiet enjoyment of gratitude and thanksgiving?

This was my summer.  As I get older and life goes on for all family members, these times become so much more precious because they are rare.  This summer was filled with lots of family time, both immediate and extended. Lots of travel.  Lots of fun.  Lots of good thoughts.

I hope your summer was just as fun.

Search for your Oregon dream home in Corvallis and Albany.

Considering a move to California? Search here for your dream home.

Price Your Home the FIRST TIME

I know this is way too much information for some Sellers, however, with a changing market, and more educated Buyers and Sellers due to the internet, I have found that explaining HOW and WHY I came up with the List Price is very much appreciated.  (Disclaimer: This is a much abbreviated version of what I truly do.)

When a REALTOR suggests a LIST PRICE, we have to consider two things: 1. What buyers are willing to pay for the house, and 2. What the appraiser will value the house.

I personally start with homes that I think an appraiser will use in the appraisal.  I find homes that are as close to the "subject property" (a.k.a. Your House).  I consider age of home, square feet, lot size, location, and any special features.  As you know, we can sell a house at any price, but unless the appraiser says the value is there, a lender will not lend on that amount.  So we must be realistic.

Sometimes there is a HUGE discrepancy in the homes that are currently ACTIVE on the market, and those that have SOLD - with the same criteria. Yes, it may be a tough pill to swallow, but wisdom at the beginning of the listing will reap great rewards later.

Next, I think like a buyer.  If a buyer qualifies for a home up to $XXX,000 what would that buyer look at?  And how does the "subject property" compare?

This essentially is the competition.  As you look at the competition, you usually get an idea of how your home compares to the competition.  I have found this to be an invaluable tool.  The lower you go, the quicker the sale.

Now the interest rates have been increasing.  Many Buyers don't realize how much a rate increase affects their payment.  The higher the price and interest rate, the number of Buyers that can actually qualify for the house is decreased.

One thing I tell Sellers often - it is very hard to underprice a home, especially during a selling season.  Buyers have seen what is on the market and they will know when a good deal comes up.  If it is a GREAT deal, there most likely will be multiple offers which will increase the sales price.

We have July and August for the big push for Buyers.  Hopefully, the increase in interest rates will get Buyers to act now.

I hope this helps a bit.

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UPSCALE LOG HOME IN OREGON

Upscale Log Home in Albany, Oregon

Marketed By Terri Woods 

UPSCALE CEDAR HOME


This beautiful Cedar Log Home is located in the Central Willamette Valley in Oregon.

Minutes from Corvallis, Downtown Albany, Oregon State University, Good Samaritan Hospital and Corvallis Clinics, it is like a retreat away from the business of life. 

Enjoy nature as you walk the half mile loop trail on the property.  View the 100 - 250 year old Legacy Oaks and the Oregon Cherry Trees.  

Inside features a magnificent Chef's kitchen with granite counters, Dacor appliances and a wonderful open floor plan.  3 bedrooms with TWO Master Suites allow for flexible living.  The loft is an extra bonus area for a home office, guest area, or another place to relax.

This CEDAR log home is not your ordinary log home.  Cedar is prized for log homes because it lasts longer is much more resistant versus pine logs. 

Whether you are planning on making this your permanent residence or a second vacation home... this home is one you will thoroughly enjoy.

Take a tour here.


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