This now sale-pending spacious and attractive 3+ bedroom home is located on 1.58 level acres just minutes to Wilsonville, Portland and Salem.
This home has been lovingly maintained and includes both a fireplace and pellet stove.The home includes tasteful carpet, tile, and laminate flooring.The master bedroom features a bathroom and indoor sauna.Added features include front and back decks, plus plenty of room outside for animals. With plenty of level ground, this property definitely has equestrian appeal and is horse-friendly.The home has more than 2,200 square feet of living space, plus living and family rooms, so there is plenty of room for entertaining, inside and outside. Possible 4th bedroom could also be an office, den, computer room or sewing room.This property is located in the desirable Canby school district and includes a spacious 36’×48′ 3-bay shop with 10′ doors & openers.
The shop includes a cement floor and power.Also included is a sturdy 35′ x 14′ x 12′ covered RV shed .
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This property was sold by our AuroraOregon.com sponsor, Certified Realty. Thinking about selling your Aurora, Oregon property? For a free consultation on what your Aurora area property could sell for in today’s real estate market, contact Certified Realty using the convenient form below, or call 503-682-1083.
Fresh figures were just released on Oregon’s real estate market by the Regional Multiple Listing Service, or RMLS. To put the results in a nautical vernacular, we remain ‘steady as she goes.’
For a helpful comparison, here’s a summary of our regional markets, including Portland, Salem and greater Aurora.
Portland Metro Let’s begin with greater Portland, where our backlog of home supply is unchanged at 1.8 months.
This means greater Portland’s housing supply remains well below the oft-suggested ‘normal’ range of 3 to 6 months, especially when compared to years past. When the pipeline of homes is this low, it suggests we remain squarely in a ‘seller’s market.’
Along with housing inventory, home prices are another helpful indicator of market direction. The above chart is evidence of greater Portland’s sustained price growth, providing more confirmation of a ‘seller’s market.’ Most recent figures show an overall regional home price increase around greater Portland of 7.1%.
Greater Salem is also experiencing stable growth, as evidenced by little change in a relatively modest housing supply of 3.9 months as seen above, matched with an overall trend of increased home prices, seen below.
Aurora, Oregon Given our location between Salem and Portland, Aurora routinely experiences a mix of both markets. While figures specific to Aurora are sparse, the bottom line is that greater Marion County home values have risen a grand total of 7.8% over the past year.
Neighboring Community Comparisons
Greater Canby came in with an annual home price increase of 11.2% and neighboring Wilsonville saw a home price increase of 9.5% during that same period. As a result, Aurora and our region remains on an upward trend. Click here and view page two for specifics about the latest housing figures that include Aurora. Time to Sell?
Thinking about selling your Aurora, Oregon property in this hot seller’s market? Whether you live in Aurora or somewhere else in Oregon, our AuroraOregon.com sponsor, Certified Realty can help with a free consultation, provide information on your Oregon property’s value, or answer questions about steps in the home selling process.
Contact Certified Realty using the convenient form below, or call (503) 682-1083 today for smooth sailing ahead!
There are many possible words to describe people, places, things and events. A recent shift in Oregon real estate brings to mind the word ‘breathtaking.’
And while that’s a term normally reserved for the Grand Canyon or certain Hollywood starlets, ‘breathtaking’ also conjures the notion of astonishment, breaking fresh ground, being out of the ordinary, or of something newly discovered.
Rarity Underscores Breathtaking Given the new and dramatic change in one particular key Oregon housing factor, what we’re now observing as a regional housing trend surrounding Aurora, Oregon is ‘breathtaking’ to many real estate professionals. One reason is because the last time we saw a similar shift was clear back in the 1990’s, nearly two decades ago.
Oregon Housing Inventory ‘Normal’ real estate markets are calculated in months of supply and typically range in the neighborhood of 3 to 6 months of housing inventory. Remember that 3 to 6 month range, then see where we are now:
Simply put, this new data indicates that where things sit today, greater Portland would be ‘out of homes’ to purchase in a mere 36 days. And not even greater Salem, which routinely sees higher inventory levels than greater Portland, has escaped the drop:
What This Means Given our location equidistant to both Salem and Portland markets, the Aurora, Oregon housing market is a bit mixed in how we’re affected. As a general rule of thumb, if your Aurora property is located within Clackamas County, expect to more closely reflect the Portland market. Marion County properties typically align more with the Salem market. Either way, housing demand is up and supply is way down.
A Big Question Could these current low inventory figures significantly increase anytime soon? Certainly. But they could also drop even lower. For the moment and with fewer properties available for purchase, such drops in an already-low home supply routinely bring with them a rise in prices. This further stokes a ‘seller’s market.’
Advantage: Sellers With both major regional housing markets in such short supply, now could be the time to consider selling. A seller’s market is typically the best time of all to sell real estate. In addition, interest rates remain near all-time lows. This makes your property even more attractive, since buyers can afford ‘more house for less money.’
Thinking about selling your Oregon home or other real estate? Contact AuroraOregon.com sponsor, Certified Realty using the convenient form below for a free consultation on what your property could sell for in today’s exciting real estate market.