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Category Archives: Tumalo Market Reports
Tumalo, Oregon Real Estate Market Report for June 2011
Price continues to be the main story for the Tumalo real estate market (other than the fact that sales activity has been quite brisk). Continue reading
Tumalo, Oregon Real Estate Market Report for May 2011
After several months of rather dramatic fluctuations in the median price of Active listings, the Tumalo real estate market experienced another sizable increase. After falling from $649,900 in February to $589,000 in March then bouncing up to $649,900 in April, it rose again in May, to $694,000. That’s the highest it’s been since December 2010. Continue reading
Tumalo, Oregon Real Estate Market Report for April 2011
In March, the Tumalo real estate market experienced a dramatic decrease in the median list price of Active listings (falling from $649,900 to $589,000). In April, however, the number popped right back up again (returning to $649,900). Actually, the $650,000 ballpark has been a popular price point in that category during the past year In March, the Tumalo real estate market experienced a dramatic decrease in the median list price of Active listings (falling from $649,900 to $589,000). In April, however, the number popped right back up again (returning to $649,900). Actually, the $650,000 ballpark has been a popular price point in that category during the past year Continue reading
Tumalo Oregon Real Estate Market Report for March 2011
The most notable thing about the Tumalo real estate market in March was the dramatic decrease in the Median list price of Active listings: It fell from $649,900 in February to $589,000 in March. Continue reading
Tumalo, Oregon Real Estate Market Report for January 2011
Tumalo’s real estate market began the new year with a bang –- by closing an impressive 10 sales (more than double that of December and more than five times that of January 2010). Meanwhile, the number of Active listings inched down even further (from 52 in December to 50 in January), which helped reduce the overall inventory from a 9.2-month supply in December to an 8.5-month supply in January. To give a sense of just how far we’ve come: In January 2009, there were twice as many Active listings (99).
December’s spike in median list price to $790,000 (caused by last month’s overall decrease in sales and Active listings in the lower price brackets only), did indeed prove to be temporary; in January, the median list price returned to a more reasonable (but still too high) $687,000.
With much of the buying activity focused on the lower end of the scale (with seven of the 10 sales in January under $500,000), many Tumalo sellers will need to be priced below that benchmark to move their properties. Maybe we’ll see more adjustment on their part in February — at least if last year’s trends are any indication. In February 2010, the median price of Active listings fell to $599,000 –- the lowest median list price in 2009 or 2010. (It didn’t stay there, however; by spring, it had risen back to $650,000). Continue reading
Tumalo, Oregon Real Estate Market Report for December 2010
Just as it did in November, Tumalo’s real estate market saw several improvements in December. For starters, the number of Active listings continued its steady decrease (from 67 in November to 52 in December). Continue reading
Tumalo, Oregon Real Estate Market Report for November 2010
The Tumalo real estate market saw several improvements in November. Although typically the sales activity above $300,000 is negligible each month, in November, three of the four Closed sales were above $500,000, and two of the four Pending sales were above $800,000.
Also, the number of Active listings continued to decrease (from 76 in October to 67 in November), as did the overall inventory (from a 14.5-month supply in October to a 12.8-month supply in November) and the number of million-dollar listings (from 21 in October to 19 in November).
Like last month, the overall picture in Tumalo for November 2010 compared to this time last year shows several areas of improvement. Overall sales activity for the year is up — from November 2009’s 44 sales during the previous 12 months to 63 sales since November 2009. As a result, the inventory has almost been cut in half (from a 21-month supply in November 2009 to a 12.8 month supply this November).
As a horse-property specialist, Tumalo has always been of particular interest to me because that’s where you’ll find many of the most desirable horse properties in Central Oregon. Because its boundaries are up to interpretation, please consider the following statistics a general barometer of the area’s real estate activity that includes most, but not necessarily all, of the listings in Tumalo.
Here are a few November highlights of the Tumalo real estate market:
LISTING ACTIVITY
Active Residential With Acreage Listings in Tumalo: 67
Contingent Residential With Acreage Sales in Tumalo: 2
Pending Residential With Acreage Sales in Tumalo: 4
Residential With Acreage Closed Sales in Tumalo: 4
Average Days on Market: 241 days for Active RW listings
130 days for RW listings sold in November
Median Sales Price: $665,000 for Active RW listings
$552,500 for RW listings sold in November
INVENTORY:
Residential with Acreage: 12.8-month supply (63 sales in the previous 12 months)
SALES PRICE:
Least-Expensive Residential with Acreage Active Listing: $199,900
Most-Expensive Residential with Acreage Active Listing: $2,950,000
Price Point with t Continue reading
Tumalo Oregon Real Estate Market Report for September 2010
The most noteworthy thing about the September Tumalo real estate market was the large jump in the median sales price of Active listings –- the price rose to $699,000 after holding steady at $650,000 all summer. That’s a significant jump … Continue reading
