Monday, June 28, 2010

Florence OR Real Estate Sales Price Decline

As of this posting, the Florence Oregon residential inventory has increased to 483 residential listings with an average asking price declining slightly, to $242,000 and the median asking price declining to $222,000.

During the last six months, the Florence OR residential home sales price declined to an average $190,000 and a median sales price of $160,000 for 122 sales.

What appears to be happing is that all the old expired properties that are out there, are returning to the market after much resistance to price change by sellers. Many sellers are finally starting to realize that the market is not going to turn around any time soon.

While many of the Florence OR homes are overpriced, there is substantial opportunity to make a great buy by working with a knowledgeable Buyer's Broker!

Monday, June 7, 2010

Florence OR Real Estate Opportunities Abound!

The Florence Oregon residential inventory has increased to 478. The average asking price is $243,000 with a cumalitive Days on Market of 333. The current median asking price of $225,000.

The last 6 months of residential home sales activity have netted 123 sales at an average sale price of $193,000 and a median sales price of $165,000.

I am hoping that we are nearing the bottom of the market. The numbers of sales per month have bounced from 10-12 sales per month last year to around 20 residential sale per month over the last 6 months.

If you are considering buying or selling Florence Oregon property, now is the time to to act by contacting an experienced Florence OR real estate Broker!