Friday, April 22, 2011

Excellent Time to Buy in Florence Oregon!

As of this posting the Florence Oregon residential inventory has increased to 437 properties at an average asking price of $222000.

The last 6 months have netted 97 residential sales at a median sale price of $170000. The last year has netted 241 sales with a median sales price of $165000 and 277 days on market.

According to RMLS of Oregon, pending 1st quarter sales (rolling 1 year average) were down 40%over last year, with the average sale price being down 8.9%.

The really good news is that if you are looking to retire to or live on the Oregon Coast, excellent buying opportunities abound if you are working with a local knowledgeable broker.