Wilsonville Meadows Market Update

Wilsonville Area Home Scarcity Continues
Just-released figures from the Regional Multiple Listing Service on our Wilsonville area housing market reveal continued scarcity of local homes for sale, with competition among buyers continuing to push prices up.

Wilsonville Meadows, Wilsonville Oregon
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Click here or on the ‘play button’ below to hear the audio podcast presentation of this article about our current Wilsonville real estate market.

Greater Wilsonville By The Numbers
Here are the most recent  key Wilsonville area real estate statistics. As a side note, neighboring communities like Tualatin and Tigard are included in these greater Wilsonville market statistics.

Latest Wilsonville Real Estate Market Takeaways
Greater Wilsonville Home Prices
Annual home price change +11.4%

Greater Wilsonville Average Market Time
Average market time 30 days

Greater Wilsonville Home Sales Volume
Monthly change in number of greater Wilsonville area home sales +8.7%
Annual change in number of greater Wilsonville area home sales +6.1%

Area Home Inventory in Months
Area Home Inventory in Months

Regional Home Inventory
As seen in the above table, our regional supply of homes is about half of what is considered to be the ‘low end’ of a normal backlog of properties. A ‘normal’ real estate market is typically 3 to 6 months of home supply.

Wilsonville Meadows

Regional Home Price Chart
The above home price chart shows a clear upward home price trajectory for the greater Portland metro region over the past four years. Wilsonville’s most recent annual home price increase of 11.4% is indicative of this regional real estate appreciation.

Wilsonville Meadows, Wilsonville Oregon

Contact Our Sponsor
Thinking about selling your Wilsonville Meadows home during this strong seller’s market? Home prices are up and buyers could be competing for your property right now. Contact Certified Realty using the convenient contact form below for a free home valuation of what your property could sell for today.

Wilsonville’s ‘Perfect Storm’

Recent housing data from the Regional Multiple Listing Service (RMLS) shows Wilsonville home prices are up 9.6% over last year.

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This ramp up in home values is due in part to a decrease in available properties for sale. 

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While a ‘normal’ housing market usually has 3 to 6 months of home supply, our region is now at only 1.2 months of inventory…and falling.

A ‘Perfect Storm’
With increased demand and dwindling supply, what’s happening in Wilsonville real estate right now could be called a seller’s ‘perfect storm.’
Wilsonville is experiencing a combination of attractive interest rates, plus very low home inventory, which fuels a rise in prices.

This is economic theory in action, whenever there are more buyers than sellers, creating a ‘seller’s market.’

A Hot Real Estate Cocktail

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And even with growing home prices, current low interest rates help serve up a hot, but still palatable real estate cocktail that could help Wilsonville buyers better afford their purchase…if they can just find a home amidst such a low housing supply. 

The Rest of the Story
As you might guess, individual neighborhoods and towns vary significantly on selling price, buyer demand and other key factors, like how long it takes for a house to sell.

Wilsonville Homes Wilsonville Real Estate
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Click here or on the above image to see the new Wilsonville area real estate figures. Make sure to also check out page 2 for interesting stats on other nearby towns and neighborhoods. 

Wilsonville, Wilsonville Oregon, Wilsonville Real Estate, Wilsonville Realty, Wilsonville Properties, Wilsonville Homes, Wilsonville Oregon Homes, 97070, Villebois, Charbonneau, Wilsonville Oregon Property, Wilsonville Oregon Real Estate
‘Oregon’s Choice Since 1950’

Thinking about selling your Wilsonville area home? It’s a wise move to sell in a seller’s market. Contact our WilsonvilleHomes.com sponsor, Wilsonville’s very own Certified Realty, for a free consultation of what your Wilsonville area property could sell for in today’s market by using the convenient form below. 

Wilsonville Waterfront Acreage Has Sale Pending

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Wilsonville, Wilsonville Oregon, Wilsonville Homes, Wilsonville Oregon Homes, Wilsonville Properties, Wilsonville Riverfront, Wilsonville Real Estate, Wilsonville Oregon Real Estate, Wilsonville Riverfront AcreageThis attractive Willamette River acreage has great views and a sale pending

An attractive riverfront acreage featured on WilsonvilleHomes.com in April of last year, then-priced at 1.8 million dollars, is now expected to soon be sold.

Anticipated use of this Wilsonville property is for additional access to the Willamette River and more park area. Read a recent article about this Wilsonville area Willamette River acreage here.

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Homeselling Without A Realtor Can Hurt You When Buying

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Wilsonville’s real estate market is more competitive than in years past and it’s now a bit akin to a footrace.

Wilsonville, Wilsonville Oregon, Wilsonville Homes, WIlsonville Oregon Homes, Wilsonville Real Estate, Wilsonville Properties, Wilsonville Oregon Real Estate, Wilsonville Oregon Properties, 97070Wilsonville’s housing market is getting more competitive

But it’s not just Wilsonville. For example, in the greater Portland metro area that includes Clackamas, Multnomah, Washington and Yamhill counties, there is now 3.4 months of home inventory. That’s close to half the supply of what many consider to be a ‘balanced’ housing backlog of 6 months.

Wilsonville, Wilsonville Oregon, Wilsonville Homes, WIlsonville Oregon Homes, Wilsonville Real Estate, Wilsonville Properties, Wilsonville Oregon Real Estate, Wilsonville Oregon Properties, 97070Local Housing Inventory in Months

As a result of this ‘seller’s market,’ home buyers throughout Wilsonville and beyond are competing for fewer available homes. So if you’ll be buying a home anytime soon, ensure your offer is most competitive. One way is to hire a Realtor when both buying and selling. Curious about why this is important? Then read on.

What To Do
While most home buyers need to sell their current property in order…

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Wilsonville Real Estate Update

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New figures from the Regional Multiple Listing Service known as RMLS reveal a recent uptick in Wilsonville’s regional home supply. Yet, despite a growth in the regional home supply, Wilsonville year-to-date home prices remain clearly in positive territory.

Wilsonville Oregon, Wilsonville Homes, Wilsonville Oregon, Wilsonville Real Estate, Wilsonville Properties“Wilsonville Memorial Park Trail” by M.O. Stevens

Regional Real Estate By The Numbers
Our Portland metro home inventory remains relatively low. For comparison, Portland’s home supply is almost half that of the greater Salem area.

Wilsonville Oregon, Wilsonville Homes, Wilsonville Oregon, Wilsonville Real Estate, Wilsonville PropertiesGreater Portland Metro Home Inventory

A housing backlog of just 3.4 months is generally considered by real estate experts as a ‘seller’s market.’ 

Wilsonville Oregon, Wilsonville Homes, Wilsonville Oregon, Wilsonville Real Estate, Wilsonville PropertiesPortland Metro Area Regional Home Price Chart

Wilsonville home prices are up 7.3% over the past year and sport an average selling price of $349,700.

Click here or on the Market Action image below for the complete latest Portland metro area real estate report, which includes specifics on our Wilsonville market.

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Wilsonville Real Estate: What To Expect In 2015

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Feature Article by Realtor Roy Widing

Predictions on Wilsonville’s real estate market are difficult to make with accuracy. Take, for example, local weather forecasts. Even when armed with technology like detailed satellite images, plus wind, barometric and temperature data, weather forecasters can get it wrong…and that’s for predictions merely a week or two away! 

Wilsonville, Wilsonville Homes, Wilsonville Oregon, Wilsonville Properties, Wilsonville Real Estate, Wilsonville 2015, Wilsonville Economy, Wilsonville ORAccurately Predicting Weather & Real Estate Trends Seems Easy

Predicting Wilsonville’s Real Estate Trends
Now imagine the difficulty in predicting real estate market activity a full year into the future. Along with seasonal influences, other challenges in real estate forecasting include changing interest and employment rates, ever-shifting home inventory levels, plus a myriad of lending regulations and the mysteries of the Federal Reserve’s monetary policy, just to name a few.  Little wonder, then that some view real estate predictions as akin to flipping a coin or using a dart board.

 Wilsonville, Wilsonville Homes, Wilsonville Oregon, Wilsonville Properties, Wilsonville Real Estate, Wilsonville 2015, Wilsonville Economy, Wilsonville ORWhile Fun, Darts Are A Poor…

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Wilsonville Real Estate Update

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New information from Ticor Title Company shows the median list price for a Wilsonville home little changed of late, with the average number of days on the market increasing.

Wilsonville, Wilsonville Oregon, Wilsonville Homes For Sale, Wilsonville Oregon Homes For Sale, Wilsonville Realty, Wilsonville Real Estate, Wilsonville Properties, Wilsonville Property, Wilsonville Oregon Real Estate, Wilsonville Oregon Property, Wilsonville Homes, Wilsonville Property, Wilsonville Oregon Property, 97070 Click Image For New Report

Click here or on the above image for this latest report on Wilsonville, Oregon real estate.

Thinking about selling your Wilsonville home? Use the convenient form below to contact our sponsor, Wilsonville’s very own Certified Realty for a FREE report on what your property could sell for in today’s market.

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Poll: Fix Wilsonville’s I-5 Bridge Snarls?

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Earlier this week, area residents yet again had to deal with a traffic snarl during rush hour on the Boone Bridge. After countless such events, some believe it’s past time to work more on this recurring issue.

Here’s The Problem
The I-5 Freeway is a primary transportation artery connecting Canada, the US and Mexico. It also happens to literally run through Wilsonville.

Wilsonville, Wilsonville Homes, Wilsonville Homes For Sale, Wilsonville Oregon, Wilsonville Properties, Wilsonville Real Estate, Wilsonville RealtyWilsonville’s Boone Bridge

Wilsonville’s Boone Bridge is a narrow ‘choke point’ and if traffic stops there for any significant period, it can take a long time to clear. In May 1999, a ten car accident on the bridge reportedly backed up traffic for nine hours. 

Wilsonville, Wilsonville Homes, Wilsonville Homes For Sale, Wilsonville Oregon, Wilsonville Properties, Wilsonville Real Estate, Wilsonville RealtyBoone Bridge Accident Backups Can Stretch For Miles

Here are a few more examples of accidents bottling up Wilsonville’s Boone Bridge:

Boone Bridge truck-boat crash blocks I-5

Another Boone Bridge boat crash blocks I-5

Some river crossings have nearby alternative routes…

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Wilsonville Aquatic Center Poll

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Recent news reports confirm Wilsonville’s city council is considering a 26 million dollar aquatic and recreation center.

In September, a Task Force for the Recreation and Aquatic Center voted to recommend that the council proceed with the project. A Wilsonville city council meeting is scheduled for December to consider task force recommendations.

Wilsonville, Wilsonville Homes, Wilsonville Homes For Sale, Wilsonville Realty, Wilsonville Oregon, Wilsonville Properties, Wilsonville Real Estate, Wilsonville Villebois, Wilsonville Charbonneau, 97070A Wilsonville Aquatic Center Opens Up Opportunities for Sports and Recreation

Earlier this year, a citizen task force voted 7-1 in favor of city council consideration for such a facility. In the meanwhile, city staff are reportedly reviewing potential ‘operational models’ along with the ‘site selection evaluation process.’ 

Take our poll:

Wilsonville Aquatic Center, yes, no, or maybe?

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Wilsonville, Oregon Housing Update

WilsonvilleHomes.com

New figures on Wilsonville real estate were just released by Ticor Title. 

The median list price for a Wilsonville home is now $425,000, up from $419,900 earlier in the month. Click here or on the image below to view the latest figures on Wilsonville, Oregon real estate.

Wilsonville Homes, Wilsonville Homes For Sale, Wilsonville Oregon, Wilsonville Oregon Real Estate, Wilsonville Real Estate, Wilsonville Properties, 97070, Wilsonville Realty, Homes For Sale Wilsonville Click Image to Enlarge

The new report also shows a slight increase in the average days on the market, which is now at 112, or nearly four months. 

Wilsonville Homes, Wilsonville Homes For Sale, Wilsonville, Wilsonville Oregon, Wilsonville Realty, Wilsonville Properties, Wilsonville Oregon Properties, Wilsonville Real Estate, Wilsonville Oregon Real Estate, Wilsonville Realty, Wilsonville Oregon Realty, Wilsonville Properties, Wilsonville Oregon PropertiesYou Could Be In Your Next Home By Christmas!

Thinking about selling your Wilsonville home? Contact Wilsonville’s very own Certified Realty using the convenient form below for a FREE report on what your property could sell for in today’s market.

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