New figures from the Willamette Valley Multiple Listing Service (WVMLS) confirm continued healthy home price growth throughout Keizer.
Cash Home Sales A Factor
This comes after years of reduced Keizer home prices. Also noteworthy from this report is the high proportion of cash transactions this year in our region. Throughout the Keizer and Salem metro area, cash accounted for more than FHA, VA, USDA and seller-financed transactions COMBINED.
The new study also shows that 2013 was the first year for Keizer homes to appreciate in value since the Great Recession.
Last year’s Keizer home values increased by slightly more than 13%. So far at this early point in the year, we are already up by around 6.4%.
This uptick places us on pace to again approximate 2013’s rate of home price appreciation by the end of 2014. If this occurs, Keizer home prices will be up by roughly 25% in just two years. That is astounding home price growth and a big step to real estate recovery for our area.
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