Florence/Mapleton Q4 2021

The activity in the Florence/Mapleton residential real estate market in Q4 2021 provided good momentum as we moved in 2022. Supply remained low and demand remained high keeping the market very competitive in Q4. The average price per square foot for sold properties in Q4 2021 finished at $259, a 19% increase compared to Q4 2020. The average sales price was $430,000 and the median sales price was $374,000. Increases of 32% and 23% respectively when compared to Q4 2020. If you or anyone you know would like more information on the current market conditions, please contact me.

Nov-Dec 2018 Florence Real Estate Market Update

As of this posting, inventory is down to 110 active residential listings. The Florence Oregon home market has a median asking price of $347,000 with 62 median cumulative days on market.

In the last 12 months we have sold 530 homes at a median sale price of $249,000 and 45 median CDOM (cumulative days on market).

In the last 6 months we have sold 302 homes at a median sale price of $263,000 with 42 median CDOM.

In the last 3 months we have sold 163 homes at a median sale price of $270,000 with 45 median CDOM.

The last 30 days have netted 47 sales at a median sale price of $260,000 with 39 median CDOM although a 30-day snapshot is not a reliable indicator.

Compared with inventory a few years ago of between 400-500 residential listings, 110 listings today,  a very low inventory indicating high demand and very tight supply. Median sale prices seem to have edged up in the 15-20k price range.

It is my experience that sales slow as the winter rains set in, which historically creates better buying opportunities.

There is only one way to make sure you are getting the best value whether buying or selling. Be sure work with a local, knowledgeable Broker and make sure your offer or list price based on a thorough CMA completed by your local agent. Call a local experienced real estate broker today!

JUNE MARKET UPDATE for FLORENCE, OR

As of this posting, inventory is at 207 active residential listings. The Florence Oregon home market has a median asking price of $469000 with 62 median cumulative days on market.

In the last 12 months we have sold 522 homes at a median sale price of $235,000 and 55 median CDOM (cumulative days on market).

In the last 6 months we have sold 224 homes at a median sale price of $243,500 with 48 median CDOM.

In the last 3 months we have sold 102 homes at a median sale price of $250,000 with 33 median CDOM.

The last 30 days have netted 34 sales at a median sale price of $276,500 with 15 median CDOM although a 30 day snapshot is not a reliable indicator.

The tremendous jump in asking price is because lower end inventory is non existant and many of the higher end left homes from the recession are giving it a try. As prices are going up the numbers of closed sales are dropping while the prices are edging up 15-20k since the December report. The jump in the 30 day median sales price is largely the result of a single $1.425 million dollar sale.

There is only one way to make sure you are getting the best value whether buying or selling. Be sure work with a local, knowledgeable Broker and make sure your offer or list price based on a thorough CMA completed by your local agent. Call a local experienced real estate broker today!

Florence Year End Market Update 12/27/17

As of this posting, inventory is at 162 active residential listings. The Florence Oregon home market has a median asking price of $300,000 with 65 median cumulative days on market.

In the last 12 months we have sold 494 homes at a median sale price of $225,000 and 61 median CDOM (cumulative days on market).

In the last 6 months we have sold 295 homes at a median sale price of $225,000 with 55 median CDOM.

In the last 3 months we have sold 155 homes at a median sale price of $234,500 with 55 median CDOM.

The last 30 days have netted 39 sales at a median sale price of $227,000 with 42 median CDOM although a 30 day snapshot cannot be counted on as a reliable indicator especially during the Holidays.

The Florence home inventory is very tight and is not keeping  up with current demand. We are at a point where younger families are being priced out of the market due to lower than average incomes on the Oregon Coast and retirees moving in from other areas like California.

There is only one way to make sure you are getting the best value whether buying or selling. Be sure work with a local, knowledgeable Broker and make sure your offer or list price based on a thorough CMA completed by your local agent. Call a local experienced real estate broker today!

 

Florence Real Estate Market Update 6/23/17

As of this posting, inventory is at 212 active residential listings. The Florence Oregon home market has a median asking price of $313,000 with 74 median cumulative days on market.

In the last 12 months we have sold 459  homes at a median sale price of $220,000 and 54 median CDOM (cumulative days on market).

In the last 6 months we have sold 191 homes at a median sale price of $230000 with 75 median CDOM.

In the last 3 months we have sold 102 homes at a median sale price of $247,000 with 57 median CDOM.

The last 30 days have netted 38 sales at a median sale price of $240,000 with 47 median CDOM although a 30 day snapshot cannot be counted on as a reliable indicator. 

Our inventory cannot keep up with demand. As the asking price goes up the numbers of closed sales goes down and increases the days on market, in part due to the fact that the properties that are being sold are many older properties that were overpriced and are now getting closer to reality.

There is only one way to make sure you are getting the best value whether buying or selling. Be sure work with a local, knowledgeable Broker and make sure your offer or list price based on a thorough CMA completed by your local agent. Call a local experienced real estate broker today!

FLORENCE OR 05/2017 HOUSING MARKET UPDATE

As of this posting, inventory is at 175 active residential listings. The Florence Oregon home market has a median asking price of $298,000 with 313average/ 74 median cumulative days on market.

In the last 12 months we have sold 460 homes at a median sale price of $211000 and 61 median CDOM (cumulative days on market).

In the last 6 months we have sold 195 homes at a median sale price of $210000 with 75 median CDOM.

In the last 3 months we have sold 95 homes at a median sale price of $210000 with 77 median CDOM.

The last 30 days have netted 27 sales at a median sale price of $256000 with 84 median CDOM although a 30 day snapshot cannot be counted on as a reliable indicator. 

Our inventory cannot keep up with demand. As the asking price goes up the numbers of closed sales goes down and increases the days on market, in part due to the fact that the properties that are being sold are many older properties that were overpriced and are now getting closer to reality.

There is only one way to make sure you are getting the best value whether buying or selling. Be sure work with a local, knowledgeable Broker and make sure your offer or list price based on a thorough CMA completed by your local agent. Call a local experienced real estate broker today!

FLORENCE OREGON FALL HOUSING MARKET UPDATE

As of this posting, inventory is at 202  active residential listings. The Florence Oregon home market has a median asking price of 279000 with 158av/ 101average days on market).

In the last 12 months we have sold 468 homes at a median sale price of $218000 and 147 CDOM  (cumulative days on market) and 71 median CDOM.

In the last 6 months we have sold 254 homes at a median sale price of $219000 with 105av /46 median CDOM.

In the last 3 months we have sold 134 homes at a median sale price of $220000 with 115av/46 median CDOM.

The last 30 days have netted 41 sales at a median sale price of $215000 with 91 av/ 46 median CDOM although a 30 day snapshot cannot be counted on as a reliable indicator. 

All in all we have a very tight market and limited inventory .

Foreclosures and distressed sales are few and far between.  It appears that any new listings are being taken now at much higher prices than in the past. 

There is only one way to make sure you are getting the best value whether buying or selling. Be sure work with a local, knowledgeable Broker and make sure your offer or list price based on a thorough CMA completed by your agent. Call a local experienced real estate broker today!