Florence Oregon real estate prices decrease!

Currently we have 456 residential properties for sale in the Florence Area with 13 sales in the 30 day period preceeding this post. The average asking price today is $278,000 with the average sale price of $218,000.

As a side note, I have had more property inquiries and showings in the last month than the I have had in the last 4 months. There are several incredible values in the florence real estate market today and I am beginning to think it is time to make your best buys now before the market turns any further. Take a look at the Florence riverfront short sale I have listed at $299,000. This home was purchased for well over $400,000.

Or take a look at the Florence Ocean View home with acreage at $599,000 just reduced $100,000!

It may very well be the best time in history to jump in the market now with long term mortgage rates below 5%!

Showing activity increasing!

This last 2 weeks have shown a fair amount showing activity and a few written offers on properties that are priced fairly close to market. Currently there are about 450 residential properties on the market with an additional 250 lots and roughly 35 commercial properties. The last 30 days preceeding this post showed 15 residential sales for the entire area with an average sales price of $233,000. With interest rates still dipping down into the 4.75 range on 30 year fixed we should start seeing more sales. The last 3 properties that I have sold, were incredible values!

Florence home buyer traffic up!

Florence home showing activity has been up in the last 2 weeks but sales are still flat as compared to last week.

As of today the florence area home inventory has dropped slightly to 439 homes with an average asking or list price of $286,000. In the last 30 days we have had 16 sales for all local real esate offices with an average sale price of $234,000.

Give me a call or email if you have any questions!
dale@florencere.com
541-997-5926

Sales rise, as prices fall!

I am encouraged to see the last 30 days, produced 16 residential sales for the Florence area! That is up from a several month run of 5 and 6 sales per month and is largely due to huge price reductions.

The average sale price was $235,000. Of the 16 homes sold, the average last asking price prior to sale averaged $246,000. Once again this tells me that the sellers and real estate brokers that finally got their asking price right, sold there property!

It may be of interst to know that, of the 450 residential properties for sale in today, the average asking price is still $282,000.