HOPE Plaza Breaks Ground
2021 Office Market Recap
CURT ARTHUR, SIOR
OFFICE MARKET | SVN COMMERCIAL ADVISORS LLC
Office absorption in Salem turned sharply negative during the pandemic-induced second and third quarters of 2020. Since then, sharp swings in occupancy have been prevalent, as tenants sort out space needs heading into the post-pandemic era. In Q2, 2021, the bulk of the leasing ac…
Central Area Neighborhood Development Organization
Salem Residential Housing Market March 2022
If the last couple of years have proven anything, it is that life is full of uncertainties. But one factor remains the same: housing prices are on the rise. This non-stop trend has proven to cause significant stress for the home-buyer and has generated a windfall for homeowners. Despite this disparity, real estate activity has remained high and steady. …
This month’s Emerging Leader Spotlight is Kelsey Oran of Hancock Commercial Real Estate.
Supply Chain Disruption Slows CRE Development
By Alex Rhoten, Principal Broker Coldwell Banker Commercial Mountain West Real Estate Delays and shortages in construction supply slow development and raise costs Missing material and inventory slow commercial development. Supply chain disruptions are hitting the economy and putting multiple sectors into direct competition for raw materials. From the auto industry to commercial real estate (CRE), it looks like this will continue until at least 2023, and perhaps even longer. Just as extended waits for new cars a…
Residential Real Estate Market: 2nd Quarter Report, 2021
Commercial Real Estate: Local Monthly Report
We’re excited for the opportunity to be the first to share our observations on Salem’s commercial real estate market with the Salem Business Journal. As leaders in Salem’s commercial real estate community, we believe the City of Salem is on the brink of a great opportunity to create a safe, clean, interactive, and inclusive city for its businesses a
A Pandemic of Real Estate Prices?
You may be wondering what will happen to real estate prices in 2022?
Looking at the Willamette Valley Multiple Listing Services statistics, from December 2021 to Current, the average median Sales Price went up 2.6% making the median price $400,000. So, home appreciation has remained steady.
New listing inventory has risen 7.4% from a year ago January 2021 to today’s date. Homes have been on the market for an average of 48 days which has decreased by 14.3 % meaning they have closed with less time on the mark…