Those who hold to negative predictions about our future seem emboldened to be all the more gloomy. I hear their narratives and they are reasonable in light of what is going on. Yes, it could happen and they very well could be right. If so, the current conditions should paralyze anyone. The news and information […]
Market Action Report for May 2011
How are Realtors® doing in this real estate environment?
Many of our colleagues are no longer in the business. Many familiar names have been through what too many of our clients are going through- car repossessions, default, short sales, foreclosures, even bankruptcy. Many Realtors® currently have picked up part time work to pay the bills. Those of us who are survivors work 4 times […]
How are appraisals faring with all the distressed sales?
Appraisers are ruthless! No longer do we fear the inspector’s report, we shudder when the appraiser’s time has come. Yes, some of it is that the comps are mostly distressed sales and they are just dealing with the facts. However there is no allowance for ‘normal’ sales when compared to these default fire sales, desperate […]
Selling Lots & Land in Yamhill County – Part 3 of 3
This is the third article in this Lots & Land series. Read Part 1. Read Part 2. These charts are the Active Listings and Pending or Bumpable Sales (agreed upon offer but not closed). Lots & Land – Active Competition in Yamhill County Lots & Land – Active Competition in Surrounding Counties The first list looks […]
Selling Lots and Land in Yamhill County- Part 2 of 3
This is the second article in this Lots & Land series. Read Part 1 here. I am providing you with actual sales data below for sold land in Yamhill County so we can take a fresh look at the market. I recommend looking at the 3 year attachments first and then zeroing in on the […]
Selling Lots & Land in Yamhill County – Part 1 of 3
One of the most negatively affected property categories during the past 3+ years is buildable land. In the early and mid part of this past decade, I used to say that if I had enough buildable small parcels in Yamhill County, I could sell one every day. Since the market began to deteriorate in summer […]
Lessons We've Learned From the Hard Times
A series on insights and advice for our clients The Staircase Problem: Sellers, in this market of declining prices you can keep lowering your prices and never get a sale. It feels like you are continually punished in spite of your best intentions. The frustration keeps building inside of you. You might commit afresh to […]
Bella Casa Ends Year as #1 in Gross Sales
Bella Casa is proud to report a successful 2010 year of real estate sales! How did we do? Of all real estate offices in Yamhill County, Bella Casa had the highest gross sales regardless of area sold. Bella Casa helped more buyers buy properties in Yamhill County than any other office. We can bring the […]
What Should We Think About 2011?
We have had a rough ride through the “valley of the shadow of death” for almost 4 years now. We have suffered the paralysis-of-analysis trying to gain an education into irresistible cause and effect, and understanding of the relationship of so many industries and entities all interconnected. It has been painful and exhausting, and at […]
Housing Outlook 2011
Reports show that our nations slow economic growth and high unemployment rate is fueling America’s foreclosures and low home values. The brunt of the foreclosure effect will continue to plague the locations that experienced the greatest inflated markets during the good years. Moody’s Analytics chief economist Mark Zandi believes the job market will begin to […]