Salem Keizer Oregon Acreage Market Update for August 2010

Salem Keizer Oregon Acreage Market Update for August 2010

August continued to provide sellers with a slow, but steady and predictable market for acreage owners around Salem and Keizer Oregon.

There were 15 acreage homes that closed in escrow for the month of August, with an average sales price of $435,540, up 21% from July.  That’s great news for sellers!  Not so great news for buyers.  Even worse for buyers seeking property around Salem and Keizer Oregon is that the average asking price for newly listed acreage homes in the month of August is $525,471.

Selection is still good, 39 new acreage listings were added to the market, for a total of 228 at the date of this post.   Another positive aspect for sellers-when the homes are priced according to the  market and actually sell, the average market times is just 128 days, about 4 months.  September is starting out with lots of promise, 12 acreage homes are already in escrow, and we still have 20 days left in the month!

Average Sales Price for Salem Keizer Oregon Acreage Chart

Average Sales Price for Salem & Keizer Oregon Acreage Homes Chart

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