|
Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Forest Grove. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 503-956-3505
|
|
| Average Home Price | $200,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 5-10% |
| Average Time on Market | 90-120 days |
| Best Selling Price Range | $150,000 - $199,000 |
| Worst Selling Price Range | $400,000 - $449,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Forest Grove is | No Change |
| Seller Activity for the past 90 days in Forest Grove is? | Decreasing |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | Many of the lower priced homes are short sales or foreclosed properties, which are receiving mulitple offers at this time. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 25-30% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | In addition to FHA and Conventional financing, Forest Grove is in a USDA designated area for special 0 down financing for eligible buyers increasing the opportunity for qualified first time home buyers to purchase a home |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Forest Grove! |
| Nearest Metro Area | Portland |
| Housing Hot Spots | Most cities within the Washington County area are considered ’Housing Hotspots’ |
| Average Sold Price | $200,000 - View Graph Trend |
Forest Grove Local News
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
Contact Information
Becky Wagar Principal Broker CRS Green e-Pro
503-956-3505
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– Feb 10th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.60%
15 yr. jumbo rate: 3.96%
Home Values
StreetZip Code
| |
Request More Information Let me answer your questions! Ask Me!
Becky Wagar Principal Broker CRS Green e-Pro
RE/MAX Equity Group
|
 503-956-3505
|
| Receive New Listings by Email | Get Free Monthly Newsletter | Find Forest Grove Homes for Sale | Search Forest Grove Real Estate |
(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
Oregon Homes for Sale |
Oregon Real Estate News | Homes for Sale |
Real Estate Market News | Hot Markets
| Agents Join
“Your #1 resource for finding Homes for Sale, How Much My Home is Worth, Community Information and Real Estate Agents!”
© Copyright 1995-2012 HouseHunt Inc - All Rights Reserved