Your Real Estate Market Tip & Market Update
Market Tip: What is Appraised Value?
Appraisals provide an objective opinion of value, but it's not an exact science so appraisals may differ.
For buying and selling purposes, appraisals are usually based on market value - what the property could probably be sold for. Other types of value include insurance value, replacement value, and assessed value for property tax purposes.
Appraised value is not a constant number. Changes in market conditions can dramatically alter appraised value.
Appraised value doesn't take into account special considerations, like the need to sell rapidly.
Lenders usually use either the appraised value or the sale price, whichever is less, to determine the amount of the mortgage they will offer.
Market Minute: Real Estate Update for Sherwood Oregon
This Market Report Includes Actual MLS Data for Single Family Residential (SFR) - Lot sizes not exceeding one acre in size.
To generate a market report for another criteria, area or see recent home sales / sold's in your area, request a Market Snapshot below - A full "real-time" report will be sent instantly to your inbox.
ACTIVE: As of today, there are 183 SFR homes "For Sale" in Sherwood Oregon
PENDING: As of today, there are 27 SFR homes "Pending" in Sherwood Oregon
The Average Dollar Per Square Foot (PSF) for SFR homes in Sherwood Oregon is $163.00
While this is a "Buyers Market" we're seeing consistant activity in and around Sherwood Oregon.
Search ALL Area Listings Directly: www.SherwoodMLS.com
For more information on the local market, purchasing or selling a home in Sherwood Oregon or the surrounding area, we welcome the opportunity to be of service to you.
Jason & Amber Gardner, Realtors
Direct (971) 832-1234 | jasongardner@johnlscott.com | www.TheGardnerTeam.net
Looking for a leading advantage? The Gardner Team is the #1 Listing Agent, #1 Sales Agent, and #1 in Marketing for John L. Scott RE/Sherwood - Awarded Presidents Elite and Diamond Platinum Members of the Multi-Million Dollar Club. We simply sell more homes, it's time you experience the Gardner difference!
Committed to YOUR Success,
Gardner Team Real Estate | Awarded TOP 1% Producer Nationally. #1 in Sherwood Real Estate.
Direct: 971.832.1234 | Email: jasongardner@johnlscott.com
Amber I love your market minutes and tips! You're a realtor too right? Just wondering why it says call Jason! :-) You have such good tips..........great layout - so professionally turned out! I like the 'appraisal' clarification!
One thing is for sure...I know who the market experts are for Sherwood Oregon:)
Bill... Thanks for stopping by our local market update.
Liz... Jason name appears most of the time because he is the lead on our team. If consumers are searching for real estate in and around Sherwood Oregon, he's the man to see. As a Realtor myself, my role for our team is marketing and business support.
Warmth of the season,
Amber
wow great article and so true that is