This weeks existing home sale report brings good news tempered somewhat by mixed signals. Let’s look at the good news first.
It is a sellers market believed to be inspired by low inventory. Limited supply has given Beaverton home sellers advantage over buyers simply because there isn’t much available for buyers to pick through. That does not give sellers unbridled power to jack prices sky high as bank appraisers and valuation guidelines are tempering this rapid run-up of perceived value. Prices can only naturally appreciate so fast and it appears that another real estate bubble may be in its nascent stages.
Would-be investors are to praise or blame for the current run-up of prices and run-down of inventory. When selling a Beaverton home the investor driven price structure can be profitable. Investors are also notorious for hanging sellers out to dry as well. Again we are seeing sellers hurt by typical investor purchase tactics. It’s always best to get professional Realtor’s assistance since these transactions involve typically large sums money not to mention the many technical ins & outs. It’s best to have a knowledgeable professional working for you looking out for your best interest.
The Mixed Signals
Median price is down and days on market have increased. Prices may have out-paced the demands ability to pay and or appraise or maybe both. Note asking price is flat, another tell tail prices went up too far too fast. Low inventory in combination with increased days on market suggests a troubled market. Short sales in Beaverton still happen but increased home values have made them less of a driving force in today’s market. We are actively helping buyers and sellers here in Beaverton Oregon accomplish their real estate goals. Call us when it’s time for you to buy or sell a home.
To whom ever it may concern;
We sold our house short sale with Bruce & Richard.
I highly recommend Rich & Bruce at Oregon Realty Exclusive Portland Real Estate. com to anybody wanting to sell a home. They are on top of changing market conditions, buyer sentiment, pricing, and timing. We were fully informed at all times as Bruce & Richard exceeded our home selling expectations in every way.
Adam & Val
Thanks for the good word and we’re pleased to count you among our satisfied customers. When you’re ready to get a great deal on a purchase don’t hesitate to contact us. We’re getting in new inventory every day and we’re excited about how we can help our repeat clients. Be sure to check back with our site to get the latest information on the changing foreclosure marketplace or just drop us a line.
Median asking price for homes for sale in Beaverton, Oregon for this week is $255,000. Home Values in this area may be settling a little in that asking price has remained constant while price per square foot is dropping; indicating that although median asking price is the same larger homes are being sold at those prices. Inventory in the form of unsold residential listings has been declining (which is an encouraging sign) but buyer agents report that activity is also declining.
Short Sale Foreclosure Resource Certified. Real Estate Broker Licensed in Oregon.
Housing In Beaverton, OR
The net result is that the housing market for Beaverton, OR doesn’t seem to be giving any clear signals in either a positive or negative direction…. And, as many real estate professionals will point out, if the stronger summer selling season isn’t showing clear positive signs then home prices for the area may well decline further this coming winter.
With today’s unsettled housing market Beaverton Realtors & Short Sale Negotiators are helping home owners sell upside down properties in order to reduce excessive housing costs. Reduced equity lowers a home owners incentive to make costly mortgage payments while life events like going back to college, job transfers, corporate layoffs and bad news for the national economy bring these issues to the forefront for many property owners.
Common Short Sale Issues
Job Transfer makes owning a Beaverton Home no longer practical
Increased living expenses or property taxes
Reduced income or corporate layoffs
Effect of national economy on the local economy
Short Sale Negotiators
Short Sale Negotiators serving Beaverton here to help you. Be proactive by dealing with negative equity and the need to move. As Realtors in the metro area we’ve found that most of our clients want to eliminate debt while avoiding foreclosure or just want a chance to start over. Options like HAFA (Home Affordability Foreclosure Alternative) offer approved home owners cash incentives of up to $3,000 as well as much needed debt forgiveness which allows our clients a new lease on their financial lives. Get more details about HAFA at Realtor.org and when you’re ready to take the next step call our direct line.
Specialists In Short Sale Transactions
As licensed agents and specialists in distressed property transactions we can help you sell your house while preparing the paperwork to submit the required documentation to your bank. We have experience with a very wide selection of banks and we use that experience to help our clients have a successful Short Sale Experience.