The numbers are the proof! The market is heating up regardless of what the national news tells you. The sky is no longer falling chicken little!
1st quarter of 2010 is showing lots of promise-the average days on market for homes in Salem & Keizer with at least one acre was just 181 days. This is down from 224 days in January. Asking vs. selling price is also coming up, good news for sellers! January was just 89% of ask vs. selling price, but up to 94% for March. The average sold price was $345,125 for homes with at least 1 acre in the first quarter, and an average median price of $333,450. And look out buyers, lots to choose from-107 new listings in 90 days around Salem & Keizer. These new listings come with a slightly higher list price of $450,000.
The average asking price in Marion county for property listed in this 1st quarter is $576,575. There were 93 new listings with acreage, the homes that sold in that same time period averaged $304,230 for an average of 5 acres, and took an average of 156 days to sell.
Polk county took on 51 new listings with acreage for an average asking price $374,274, with a median of $325,000. The homes with acreage that sold in that same time period took an average of 233 days and averaged a sales price of $281,193. For that price tag the buyer got an average of 12.9 acres.
In Linn county, it took an average of 134 days on the market with an average sales price of $254,216 for around 25 acres. 112 new listings of homes with acreage came on the market during the first quarter, providing lots of options for buyers.
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