So What's Happening with the Florence Real Estate Market?

How do you spell the word "slow" as in "real estate sales?": You spell it "Florence." Not a surprise given the national real estate mess.

So how slow is slow? According to Tawfik Ahdab, Certified Residential Appraiser, who writes a quarterly sales report for Florence, the "Greater Florence single family residential market performance in the first quarter of 2009 signaled a record low – and possibly a bottom – in sales activity... The moderating median sale price of $205,000 is explained by a combination of price reductions and a focus by buyers on modestly-priced properties.

Indeed, many of the buyers we have at HomeFinders Service are looking for homes in the under $200,000 range. And the supply of homes at that price point is decent. Homes over $250,000 aren't selling, for the most part. Unless they are distressed properties, meaning short sales and foreclosures.

Bottom line, if you ever had a notion to move to "Paradise on the Pacific," Florence, Oregon, now's the time. And if you'd like a free report of our office's best buys or a list of distressed properties for sale, let me know. You can email me at hope@hopemacmanus.net, or give me a buzz: 541-991-7480. Happy house hunting!