Silverton, OR Real Estate News

By Todd Clark - Retired, Principle Broker Oregon
(eXp Realty LLC)
Silver Falls State Park in Oregon has to be one of the most beautiful places on Earth. The Lower South Falls is only one of the 10 featured falls at Silver Falls State Park, but this park isn't for weak hearted.To get to this fall you have to take a mile hike and the first 2/10 of a mile are very steep and take you by the South Falls and then another 8/10 of a mile hike with another 85 step drop to the falls. But the falls are a beautiful site as you can see from the photos below. This 93 foot fall is an amazing place to take photos, but the hike back I'm sure, has killed some! It was the last of the large hikes my two youngest kids took on the vacation because it was just too much.If that way isn't for you, you can take a little lighter way going down the Maple Ridge Trail to the Canyo...
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By Todd Clark - Retired, Principle Broker Oregon
(eXp Realty LLC)
Last week our family took one of our week long camping trips, but what my wife didn't bother to tell me is we had no internet service there. Despite that, I think I have come up with some amazing photos of the falls to show you.Silver Fall State Park is located just outside Silverton and is one of the most beautiful parks in Oregon. As you can see from the photos below the South Falls are some of the most beautiful in the world. This picture was taken from behind the falls For more information on the falls you can head to the South Falls Lodge. They have loads of information for you.From the main parking area you have about a ½ mile hike to the South Falls where you can even stand behind the falls. The first 2/10 of a mile is flat from the parking lot and the next 2/10 of a mile is down...
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By Todd Clark - Retired, Principle Broker Oregon
(eXp Realty LLC)
Last week we went on a little vacation to Silver Falls State Park outside Silverton, Oregon, and while driving through, we decided to stop off and find out more about this city's history. I've been there and written about this city before, so I knew this city had something to show us.This one amazed me...To me, 1980 was not that long ago. And yes, I do realize that some of you in the rain were not born yet, but to me it wasn't that long ago. (I still remember Mt. Saint Helens erupting and looking out my back window and watching it.)But, that same year in Silverton, Oregon, they were removing the last of their old water pipes. The picture below is that section of water pipe, and yes that is a wood pipe you are looking at.So, tell me, how old are your pipes and do they still work after a ...
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By Travis Newton, FHA, USDA, VA, LOAN EXPERT - Salem OR Homes For Heroes SALEM OREGON
(Salem and Bend Oregon FHA, VA & USDA 503.931.4490)
Everyone wants to buy their own home and the most convenient way to do this in a "rush, rush world" like today, is by applying for a mortgage loan. The mortgage loan business is a big one. There are hundreds if not thousands of them trying to lure you in, but you have to beware and watch out for crooked mortgage companies. These crooked companies are out there and won't care if your loose your home, your savings or even if you go bankrupt. They especially like to prey on the first time home buyer. These companies are looking out for themselves not you, so when you start your hunt for a mortgage make sure you don't fall into their trap, no matter how seductive their deals may sound. Here are a few tips to help you point out a crooked and fraudulent mortgage company.1. Be aware if the len...
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By Travis Newton, FHA, USDA, VA, LOAN EXPERT - Salem OR Homes For Heroes SALEM OREGON
(Salem and Bend Oregon FHA, VA & USDA 503.931.4490)
APR, FICO, HELOC APR, FICO and HELOC are terms that are used for interest and loans within different areas of living. While each has certain rules and regulations, they all are important ideals to pay attention to with credit, loans or interest.APR stands for the Annual Percentage Rate. It includes the yearly cost of a loan calculated in a fee as a percentage. It will include interest and insurance in the calculation of costs. The APR is most likely to be included in mortgages, credit cards and car financing. By knowing what the APR is of a certain loan or credit card that you are about to get, you will be able to see the best loan or finance to invest in. For credit cards, there are a couple of different types of APRs. The first is for purchases. These APRs should generally be lower th...
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By Melina Tomson, Principal Broker/Owner, M.S.
(Tomson Burnham, llc Licensed in the State of Oregon)
When I moved to Oregon 18 years ago, I was ready to do some serious hiking.  I love forests, creeks, rivers, just being outdoors.  One of the first places we visited was Silver Falls State Park.  Silver Falls is located in Silverton, Oregon.  With 10 waterfalls within the boundaries of the park, this is really one of Oregon's gems.  There is a small dam in place to create a nice water play area for children.  Just a few feet deep this area is very popular during our summer days. There are so many amenities within the park. Paved paths for walking or biking Off leash dog area large open spaces for volleyball, football, soccer Covered areas for family get togethers, weddings, parties Miles of hiking trails Play structure Picnic tables Educational information at the Lodge Guided Nature Tou...
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By Melina Tomson, Principal Broker/Owner, M.S.
(Tomson Burnham, llc Licensed in the State of Oregon)
The first quarter has ended for the real estate market.  Here is where our local markets currently stand. Market data information is from the local WVMLS.Here is what is occurring in the city of Silverton in real estate...Average Sales price:The average sales price so far this year is $242,841, down 12.6 % from last year's $277,868.  Prices have corrected slightly in Silverton.  They will probably continue to have some moderate correction in the upcoming months.Inventory:Silverton has an absorption rate of 5.3.  This places the current Silverton inventory at 23.8 months.Home Sales Closed:In the first quarter this year, 16 homes closed on the market.  That is down 60 % from the same time frame last year when 40 homes closed in the first quarter. What this means for you as a seller is tha...
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By Melina Tomson, Principal Broker/Owner, M.S.
(Tomson Burnham, llc Licensed in the State of Oregon)
Recently, I received an email from a former client asking if I knew if anyone was hiring in new home construction. A friend had been layed off recently.  With new home construction inventories in Salem hovering around 19 months, my suggestion was to look at commercial construction or infrastructure (ie roads, etc).  I don't see new home construction recovering anytime soon here in Salem. The larger impact of the downward housing cycle came into the forefront again today when Champion Homes of Oregon, a large manufactured housing plant in Silverton, OR decided to shut down operations.  It is one of the top 5 employers in Silverton, and sits on a 19 acre property in the city. Silverton, which is a wonderful small community of 9,000 or so people, just lost 160 jobs.  For such a small town,...
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