This gorgeous Aurora, Oregon home features 3 bedrooms, 2.5 bathrooms and more than 3,400 square feet of living space.
Located on a roomy 1/3 acre lot, this home also offers a low traffic neighborhood just minutes to Wilsonville and Portland.
This wonderful property is priced to sell at $424,900. View the full color flyer here.
For more information, contact our sponsor, Certified Realty using the form below or call them at 503-682-1083.
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.’
It’s Your Move
For more information about the local market near you, click here for the latest home figures around the Portland metro area and click here for new housing stats on the Salem metro area. Each report has specifics on page 2 for your Oregon town or neighborhood, including areas surrounding Aurora.
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.
This now-sold Aurora, Oregon home is located minutes from Wilsonville in the desirable Kasel Court neighborhood.
Quality throughout this stunning Aurora, Oregon mountain view property!
Features include Mt. Hood views, a roomy deck off the kitchen, charming master bedroom deck, central vacuum system, convenient 10×23 covered patio, laundry chute, separate & private 9×12 plumbed office with heat and air conditioning, plus much more.
This attractive home was sold by the Aurora, Oregon real estate specialists at Certified Realty.
Click here to view the full color flyer for this lovely home.
For more information about buying or selling an Aurora, Oregon home, contact listing Realtors Bruce or Roy with Certified Realty at 503-682-1083, or use the convenient contact form below.
Information surrounding a recent real estate sale suggests one Aurora, Oregon property might someday be developed into a commercial marijuana growing operation.
Marion County tax records indicate a 96 acre property located at 24075 Klupenger Road NE sold on September 21, 2015 for $3,290,000. The purchaser of record for the longtime nursery property was Greenpoint Real Estate, LLC.
Approximate Property Location In Red
“…On April 1, 2015 GPO entered into a 15 year sub-lease near Aurora, Oregon for a 96 acre property to build out GLH’s cultivation and grow activities (the “Aurora Property”). This sublease was terminated on June 30, 2015, however, an option to purchase the property was acquired by GLH in consideration for 200,000 warrants exercisable at US $1.00 for a period for three years and 200,000 warrants exercisable at US$5.00 for a period of three years. The option to acquire the property was assigned to GLH’s wholly owned subsidiary, Greenpoint Real Estate, LLC and was exercised on September 28, 2015. The Aurora Property was acquired for a purchase price of US $3.3 million and was financed by (a) US $100,000 in cash from GLH; (b) US $1.5 million secured 9% promissory note, maturing on September 14, 2017; (b) US $1.7 million in 12% convertible debentures, convertible at US $1.00 and maturing on September 17, 2017…”
“…GLH plans on moving its head office to the Aurora Property and all processing facilities and cultivation will ultimately migrate to the new site. A project is under development to refurbish and expand the existing greenhouse facilities on this site. In the initial phase, 29,000 square feet will be developed for breeding, 18,000 square feet will be developed for cloning and 29,000 square feet has been developed for commercial production. In December 2015, it is anticipated that a further 108,000 square feet will be developed for commercial production subject to regulatory administrative approval…”
New housing figures on our local real estate market were recently released. These stats include both hyper-local and also more regional numbers on things like area home prices, market time and inventory. This first report is from Ticor Title.
A ‘Mixed Bag’
Certain Aurora, Oregon housing figures are mixed, depending on where you live around Aurora. This is because part of the 97002 zip code is located in Marion County and the other part is Clackamas County. This is also essentially where the Portland and Salem markets meet. Depending on where an Aurora home is located can affect school districts and commute times. The good news is that Aurora, Oregon home prices are up, no matter which metric is used.
Housing Inventory
Housing inventory can help determine how fast and how high a real estate market climbs. With fewer homes for sale, prices typically rise. With just 1.7 months of home inventory, the Clackamas County inventory figures for Aurora suggest a continued distinctly ‘seller’s market’ in that area of Aurora.
With 4.8 months of home inventory, the Marion County portion of Aurora remains within the normal range for a ‘balanced market,’ distinctly favoring neither buyers or sellers.
Click here for the latest housing information from the greater Portland metro report, which includes Clackamas County portions of Aurora. Click here for the latest housing information from the Salem metro report, which includes Marion County portions of Aurora.
Attention Aurora, Oregon Home Sellers
Thinking of selling? Prices are up and the market is good. For a free report on your property’s current value, contact the Aurora, Oregon experts and our sponsor, Certified Realty, using the convenient form below.
Multiple listing records confirm five Aurora, Oregon home sales have occurred over the past thirty days.
Sold prices for these five properties range between $150,500 and $1,500,00.
Thinking about selling your Aurora, Oregon property? Contact our sponsor, the Aurora specialists at Certified Realty, using the convenient contact form below for a FREE report on what your property could sell for in today’s market!
Aurora, Oregon 