Droftwood Shores Ocean Front Condo

Rare 3/2,1245 sq. C unit ocean Rare 3/2,1245 sq. C unit ocean front condo at Driftwood Shores on 1st floor w easy access to restaurant, lounge and aquatic center. While the interior needs cleanup and renovation, the ext is all new. This unit is not currently in the rental pool and hard cost of ownership is around $14000/yr. after taxes, assessments, dues and utilities. It will cost about $15K to join rental pool. View the Virtual Tour for 88416 1ST AVE 130, FLORENCE, OR Schedule a Showing Florence OR Real Estate Florence Oregon Condos Florence OR Beach Area Homes for Sale Florence OR Ocean View Homes for Sale Florence OR Waterfront Homes for Sale Dale Saari Windermere/Florence Real Estate 541-999-0511 Questions? Schedule a Showing! MLS#: 13385969 Licensed In: Oregon 97439 License #: 800200237 L2L Virtual Tours

89555 Dick Way Florence OR

Sunny 5 Acres -SHORT SALE 5 SUNNY ACRES up the North Fork with 2800 sq 3/2.1 and oversized garage. The 199 home has large cement covered patio, chefs kitchen with Wolfe 6 burner stove,convection oven, Bosch dishwasher, corian counters, large pantry and Hickory cabinets. This property has plenty of room for horses or livestock! View the Virtual Tour for 89555 DICK WAY, FLORENCE, OR Schedule a Showing Florence, OR Homes for Sale Florence OR Short Sales Homes for Sale Florence OR Waterfront Homes for Sale Florence OR Lakefront Homes for Sale Florence OR Real Estate Short Sale Homes For Sale Dale Saari Windermere/Florence Real Estate 541-999-0511 Questions? Schedule a Showing! MLS#: 13137295 Licensed In: Oregon 97439 License #: 800200237 L2L Virtual Tours

Florence Oregon Real Estate Is Still A Great Buy!

As of this posting, we currently have 318 residential listings in the Florence Oregon real estate market with a median asking price of $199,000 and an average of 369 average DOM (days on market).

In the last 12 months we have sold 312 homes at a median sale price of $156,500 and 288 average CDOM (cumulative days on market).

I the last 6 months we have sold 143 (down form 171) homes at a median sale price of $160,000 and 285 average CDOM and 165 median CDOM

In the last 30 days we have sold 21 homes at a median sale price of $170,000 and 199 CDOM.  A 30 day snapshot in small market is not a reliable indicator of the future.

All in all, the inventory has not changed much in the last 2 months.  One year running average list prices are down $10,000. On the other hand, a six month running average of median sales price are up $5,000 while the number of sales is down.

Other parts of the State definitely are showing increased sales and prices. Florence normally lags behind other areas in Oregon by about a year.   I still believe that those that buy a home now will not regret it a few years from now. NOW is the time to buy as the rainy season is still here and many sellers are tired of postponing their dreams. 

Do let this time and market slip by.  Call a local experienced buyer's broker today!

Florence Inventory Down.

As of this posting, we currently have 319 residential listings in the Florence Oregon real estate market with a median asking price of $209,000 and an average of 369 CDOM (cumulative days on market).

In the last 12 months we have sold 307 homes at a median sale price of $158000 and 297 average CDOM.

I the last 6 months we have sold 171 homes at a median sale price of $155,000 and 285 average CDOM and 194 median CDOM

In the last 30 days we have sold 23 homes at a median sale price of $153,000 and 199 CDOM.A 30 day snapshot is not a reliable prediction of the future.

All in all, I am seeing a smaller inventory with a higher asking price and longer market time looking at the last year.  It feels to me like some of the old tired listings that were overpriced are still hanging around while the property that was priced matched to our current reality, sold.

In spite of higher asking prices, do not be afraid to write an offer based on actual sales data.  I still believe that those that buy a home now will not regret it a few years from now. NOW is the time to buy as the winter season is here and many sellers do not wish to wait till spring.

The secret to success is to work with a local experienced buyer's broker.

Florence OR Real Estate Market Update

As of this posting, we currently have 356 residential listings in the Florence Oregon real estate market with a median asking price of $199,000 and an average of 364 CDOM (cumulative days on market).

In the last 12 months we have sold 304 homes at a median sale price of $155,500 and 294 average CDOM and 179 median CDOM.

I the last 6 months we have sold 168 homes at a median sale price of $159,000 and 285 average CDOM and 194 median CDOM

In the last 30 days we have sold 19 homes at a median sale price of $145,000 and 185 CDOM. A 30 day snapshot is not a reliable prediction of the future.

At the end of the day, the 12 and 6 month numbers above show a small general improvement in prices and days on market.

The total drop of  inventory of 89 homes over the last 6 months is good but many sellers simply give up this time of year and will list again in the spring.  Also, let's hope that propping up housing and the economy by printing money does not represent "something for nothing", that we all regret.

I still believe that those that buy a home now will not regret it a few years from now. NOW is the time to buy as the winter season is here and many sellers do not wish to wait till spring. 

The secret to success is to work with a local experienced buyer's broker.

Buy Now or Rent?

Often people ask if they should rent in Florence before buying. Typically I would say that is fine, but today is NOT the time to be standing on the sidelines. Historically low interest rates together with a very large inventory of “motivated sellers” tell me to buy now. Prices are now at 2003 levels and in some cases are even lower.

As of this posting, we currently have 445 residential listings in the Florence Oregon real estate market with a median asking price of $169,000 and an average of
320 CDOM (cumulative days on market).

In the last 12 months we have sold 282 homes at a median sale price of $155,000 and 298 average/179 median CDOM.

I the last 6 months we have sold 146 homes at a median sale price of $156,000 and 335 average/194 median CDOM

In the last 30 days we have sold 27 homes at a median sale price of $150,000 and 373 CDOM.  A 30 day snapshot should not be relied on to predict the future!

It still feels to me like we are at the bottom. Now is the time to negotiate your best price as the winter season will soon be upon us and sellers are aware that the market will go flat as the rain draws near.
All in all, inventory is up and asking prices are down slighlty.The secret to success is to work with a local experienced buyer's broker.

Please feel free to call 541-997-5926 or email me at dale@florencere.com if you have nay questions!

 

89231 Shore Crest Dr Florence, OR Sunny, wind protected, rural, 1964, 3 bed/1.25, 1132 sq. ft. fixer/home w single car garage, on a level lot with Sutton Lake access! View the Virtual Tour for 89231 Shore Crest Dr, Florence, OR Schedule a Showing Florence OR Real Estate Florence, OR Homes for Sale Florence OR Waterfront Homes for Sale Dale Saari Windermere/Florence Real Estate 541-999-0511 Questions? Schedule a Showing! MLS#: 12540571 Licensed In: Oregon 97439 License #: 800200237 L2L Virtual Tours