Molalla Real Estate: What To Expect In 2015

Feature Article by Realtor Roy Widing

Predictions on Molalla’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! 

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Accurately Predicting Weather & Real Estate Trends Seems Easy

Predicting Molalla’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.

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Although Fun, Darts Are A Poor Choice For Accurate Real Estate Forecasting

Real Estate Forecasting: What Can Work
While not foolproof, one generally helpful tool for predicting future real estate trends can be past real estate trends. Major unpredictable shifts occasionally occur, but the key word here is occasionally.

For example, the Great Recession that hit Molalla and the rest of the country starting around 2007-2008 was our nation’s worst economic downturn since 1929.  Thankfully we haven’t seen such financial meltdowns every year, or every decade, or even every half century. So aside from similar cataclysmic shifts, a certain degree of real estate predictability is possible. 

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Regional Home Price Chart Including Clackamas County

Reasons For 2015 Molalla Real Estate Optimism
Several factors are coming together to provide for an optimistic New Year in our area. As you’ll see, some factors are under federal control and others occur locally, but each has an impact on Molalla real estate. So if you’ve held off selling your Molalla area home, here are four of them that portend a good 2015: 

1. Credit Scores Loosen
Most homebuyers need a home loan, generally known as a mortgage. The good news is that mortgage credit is becoming more available as lenders loosen credit requirements.

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Credit (FICO) Requirements Have Loosened

2. Lower Down Payments
Government-sponsored loans from Fannie Mae and Freddie Mac recently brought out a 3% mortgage option. If conventional lenders also start offering similar low-down payment choices, this could bring more first time homebuyers into the market. This vital Oregon homebuyer group has long been under-represented, with their levels at the lowest since 1987.

3. Consumer Optimism
Recent figures from the National Association of Realtors confirm homebuyers are now more optimistic. This includes our area. When it comes to single family homes, the ‘Confidence Index’ chart below shows most states now have a majority level of optimism in their region, including ours.

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Orange & Red = Strong Single Family Home Confidence

4. Home Inventory Remains Low
Thanks in part to the reduced level of local new construction, home inventory in our region is still near historic lows. Our most recent survey shows we have 3.2 months of housing backlog. This suggests we have more buyers than sellers. As a result, Molalla homesellers can take advantage of what remains largely a ‘seller’s market’ heading into 2015. 

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Regional Home Inventory Is Low

The Bottom Line
If you’ve held off selling your Molalla home because you were ‘under water,’ or concerned about the market being too low, now is a good time to consider re-evaluating.

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Many Molalla Homeowners Are No Longer ‘Under Water’

Molalla’s real estate market has changed. Experts predict regional home price growth to continue at a steady, albeit slower pace through 2015, compared to the 7.2% price increase to date for 2014. As a result, some suggest a 3% annual increase in area home prices. Depending on a variety of factors, that may indeed end up being conservative on the low end. For Molalla, expect between 3% to 6% in 2015 home price appreciation.

Posted in 2015 Molalla Real Estate Forecast, Molalla, Molalla 2015, Molalla Home Prices, Molalla Homes, Molalla Homes For Sale, Molalla Homeseller, Molalla Homeselling, Molalla Housing, Molalla Market Report, Molalla Oregon, Molalla Properties, Molalla Real Estate | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Molalla Real Estate Update

New figures on Molalla, Oregon real estate from Ticor Title Company confirm little change in our median list price of late, yet an increase in market time. 

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Click Image for Report

Click here or on the above image for more interesting details from this latest Molalla real estate report.

Thinking of selling your Molalla home or land? Contact our sponsor, Certified Realty using the convenient contact form below for a FREE report on what your Molalla property could sell for in today’s market.

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Molalla’s Spendiest Home Sale

As November comes to an end, recent information from the Regional Multiple Listing Service (RMLS) suggests one Molalla home sale will stand out as the most expensive for the month.

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Molalla’s Highest Priced November Home Sale

However, the property also features over an acre and its very own airplane hangar. As a result, this recent sale involves more than the usual Molalla home, which helps to explain the higher-than-usual price.

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Airport Hanger

Located on S. Kyllo Road, the house features nearly 2,500 square feet of living space, with 4 possible bedrooms and 2.5 bathrooms.

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Light & Bright

According to RMLS records, the final selling price for this Molalla home was $400,000. The initial price was reportedly $440,000 and the property was on the market about six months before selling.

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Oregon’s Choice Since 1950

Thinking about selling your Molalla home? Family owned and operated for 64 years, Certified Realty sells Molalla real estate in every price category. For a FREE report on what your Molalla property could sell for, contact Certified Realty using the convenient contact form below.

Posted in Highest Priced Molalla Home Sale, Molalla, Molalla Home Prices, Molalla Home Sales, Molalla Homes, Molalla Homes For Sale, Molalla Homeseller, Molalla Homeselling, Molalla Housing, Molalla Market Report, Molalla Oregon, Molalla Oregon Homes For Sale, Molalla Properties, Molalla Real Estate, Most Expensive Molalla Home Sale | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

October’s Priciest Sold Molalla Home

As October winds down, one particular Molalla home stands out from all the rest this month.

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October’s Most Expensive Sold Molalla Home

That’s because this Molalla property on South Wildcat Road has the distinction of being Molalla’s highest price home sold so far this month. It features 4 bedrooms and 2.5 baths with more than 4,100 square feet of living space on nearly 50 acres.

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Spacious Sun Room

This property sold for $649,000 and closed on October 10th, 2014 with conventional financing.

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This sold property includes a huge barn, too

Thinking about selling your Molalla home, lot, farm or acreage? Contact our sponsor, Certified Realty using the form below for a FREE report on what your Molalla property could sell for in today’s market.

Posted in Highest Priced Molalla Home Sale, Molalla, Molalla Home Prices, Molalla Home Sales, Molalla Homes, Molalla Homes For Sale, Molalla Homeseller, Molalla Homeselling, Molalla Housing, Molalla Market Report, Molalla Oregon, Molalla Oregon Homes For Sale, Molalla Properties, Molalla Real Estate, Most Expensive Molalla Home Sale | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Molalla Real Estate Update

A new report on Molalla real estate was just released by Ticor Title Company. It confirms a strengthening in Molalla home prices. Click here to view this FREE new report on Molalla, Oregon real estate, or click on the image below.

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Click to View Report

According to this latest survey, the median list price for a Molalla, Oregon home is now $279,950. The average market time to sell a Molalla home is now 157 days, or around 5 months. The median Molalla house size is 1,623 square feet.

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The Mighty Molalla River

Have you considered selling your Molalla, Oregon home? Contact our sponsor, Certified Realty using the convenient form below for a FREE report on what your Molalla property could sell for in today’s market. Family owned and operated since 1950, the professionals at Certified Realty  specialize in the sale of Molalla homes and properties.

Posted in Molalla, Molalla Home Prices, Molalla Home Sales, Molalla Homes, Molalla Homes For Sale, Molalla Homeseller, Molalla Homeselling, Molalla Housing, Molalla Market Report, Molalla Oregon, Molalla Oregon Homes For Sale, Molalla Properties, Molalla Real Estate | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Website Keeps Molalla Homeowners Safer

Few things are as important to Molalla residents as personal safety. So wouldn’t it be neat if you could type in a local address to determine crime statistics and also find out if a sex offender lives nearby, for free?

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You too can help combat Molalla crime!

Well believe it or not, there is such a website and it’s called PortlandMaps.com.

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Best of all, the information you’ll find at PortlandMaps.com is not limited to Portland, but includes much of the greater Portland Metro area…including Molalla.

Most Molalla Residents Would Want To Know If Any Of These Jokers Lived Nearby

Most Molalla Residents Would Want To Know If Any Of These Jokers Lived Nearby

The website PortlandMaps.com also provides much more than local crime information. This includes maps (of course), plus transportation information, along with environmental reports and utility projects. 

Here’s a list of some information PortlandMaps.com provides within the greater Portland Metro area, including Canby:

  • Assessor/Tax Lot Information
  • Aerial Photography
  • Building Footprints
  • Building Permits
  • Census
  • Crime Data
  • Elevation
  • Parks
  • Mass Transit
  • Natural Hazard
  • Schools
  • Urban Growth Boundary
  • Underground Storage Tanks
  • Water/Sewer
  • Zip Code
  • Zoning Maps

Can’t wait to get started? Then click here!

Posted in Clackamas County Sheriff, Molalla, Molalla Crime, Molalla Homes, Molalla Homeselling, Molalla Oregon, Molalla Oregon Crime, Molalla Oregon Police, Molalla Police, Molalla Properties, Molalla Public Safety, Molalla Real Estate | Tagged , , , , , , , , , , , | Leave a comment

Why Use A Realtor, In 30 Seconds

A very telling article was recently released in a national real estate journal. In just two images, it explains why the vast majority of homesellers work with a Realtor.

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Click Image to Enlarge

The infographic on the left shows the huge percentage of homesellers who hire a Realtor.

The infographic on the right shows why. Homesellers average a 25% higher selling price with a Realtor.

Thinking about selling your Molalla property? Don’t leave money on the table. Certified Realty sponsors MolallaHomes.com and is Oregon’s choice since 1950.

Contact Certified Realty for a FREE report on what your Molalla home could sell for in today’s market using the convenient form below.

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