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!
About Me
- Hope MacManus
- Florence, Oregon, United States
- Before moving to Florence in 2004, Hope worked in health care, in hospitals and rural clinics, then as a health administrator for the State of North Carolina. She handles multiple tasks, supervises complex deals and has managed multi-million dollar budgets. Hope and her husband have owned two homes in Florence, one close to Old Town and one surrounded by trees north of the Florence city limits. Hope has a "can do" attitude, is tough, tenacious and gets the job done. Real estate is her full time career and her clients benefit from her full time attention. She has successfully represented both commercial and residential properties. She is married to a husband and a dog and loves calling "Paradise on the Pacific," lovely Florence, her home.