Monday, May 24, 2010

Florence OR Real Estate Is still a Buyer's Market

AS of this posting we have 468 residential listings at an average price of $249,000 with an average days on market of 336 and a median asking price of $229,000.

During the last 6 months we have sold 126 residential properties at an average price of $198,000 and a median sold price of $165,000. That means we are averaging a little over 20 sales per month which is much better than 10-12 sale per month during the spring of 2009.

Even though there is a clear disparity between asking and sold prices, there are excellent opportunities for buyers and sellers if you are working with a knowledgeable Florence OR real estate broker.

Stop by our new office at 3757 highway 101 in Florence and check us out. We will not waste your time or money by overpricing your property if you are a seller, or by showing you overpriced property if you are a buyer!


Monday, May 3, 2010

You Deserve The Best Real Estate Agent You Can Find!

Recently, I recently received an anonymous letter from a buyer that had been looking for real estate in the Florence Oregon area, and has an agent that seems to be more concerned about the seller, than their best interests. The writer wanted to change agents, but was fearful of the uncomfortable feelings that might result because Florence was a "small town". At this stage they are ready to just look for another town on the coast to avoid an "uncomfortable" situation.

If you do not feel comfortable with your Buyer's representative, you stand to loose a substantial sum of money due to poor representation. You have every right to find a competent Buyer's Broker, without fear of feeling "uncomfortable". Florence is a small town, but no one in their right mind, will blame a buyer for seeking a buyer's broker who is in your corner. You deserve the best, and the other agent will get over it. Unfortunately, this situation, happens more frequently than most practitioners would like to admit.

While I always encourage people to work with their chosen broker, there are exceptions. This certainly sounds like one of them!