About the Salem Real Estate Market
The present median home price in the Salem/Willamette Valley is $152,881, which is a 2.6% increase from last year. Total number of sales year to date is 3,907. The average days on market are 122. Homes are selling at 98.1% of list price. The average NEW home sold in the Willamette Valley is a 3 bedroom, 2 bath with 1739 square feet plus a 2- car garage. The average cost per square foot for a NEW home is $101.00 including a 7500 square foot lot.
With interest rates so low and inventory so plentiful, there has never been a better time to buy real estate in the Salem/Willamette Valley.
Houses in the $150,000 range and below are being sold fairly rapidly with low interest rates mostly to first-time buyers. This is a sellers market. On the other hand, the higher priced homes are still selling but more slowly and usually with a few price reductions.
 The present median home price in the Salem/Willamette Valley is $152,881, which is a 2.6% increase from last year. Total number of sales year to date is 3,907. The average days on market are 122. Homes are selling at 98.1% of list price. The average NEW home sold in the Willamette Valley is a 3 bedroom, 2 bath with 1739 square feet plus a 2- car garage. The average cost per square foot for a NEW home is $101.00 including a 7500 square foot lot. With interest rates so low and inventory so plentiful, there has never been a better time to buy real estate in the Salem/Willamette Valley.
Houses in the $150,000 range and below are being sold fairly rapidly with low interest rates mostly to first-time buyers. This is a sellers market. On the other hand, the higher priced homes are still selling but more slowly and usually with a few price reductions.
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Buying Land and New Construction >Building With Help From Brokers
Did you know that, for no additional cost, you can be represented by a real estate broker in conjunction with purchasing a home from a builder? Homebuilders are accustomed to working with real estate brokers and often their commission is already covered in their marketing and promotion costs.
A broker can provide objectivity and guidance in designing your home and help you select amenities that will lead to a more advantageous resale. He or she can help coordinate the sale of your present home and the closing of the new one.
Many brokers offer guaranteed home sale programs so that when your new home is finished, the real estate company will buy your previous home at a pre-agreed price to prevent you from owning two homes at one time; and can usually arrange the occupancy agreeable to all parties. Take advantage of using your real estate broker in conjunction with building your new home at no additional cost.
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Whose mansion sold for about $2 million after just one day on the market?
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| A |
Soon after the death of George Burns his home was put on the market; the home sold in 24 hours.
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- NUMBER1EXPERTS™ 
