Canby Homes Market Update

22 May

A recent report on Canby real estate provides some helpful insights into our current market.

The study includes local market data on Canby and neighboring towns. What makes this report so interesting is that the data is from the Willamette Valley Multiple Listing Service, known as WVMLS.

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Our High Livability Puts Canby On The Map-Click Image For Details

Of the two largest multiple listing systems used to market Canby homes, the Portland-based RMLS (Regional Multiple Listing Service) dominates and WVMLS is less commonly used. However, comparing Canby only to areas like Wilsonville, Tualatin and West Linn using the Portland area’s RMLS provides only one perspective of Canby housing.

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Regional Home Prices Continue To Climb, As Shown on This RMLS Graph

Using WVMLS provides some balance and helps to capture a better total picture of our Canby housing market.  Indeed, some buyers compare Canby to outlying areas like Aurora, Hubbard and other neighboring communities when searching for their next home.  To learn more about the two major multiple listing systems in our area, click here. 

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Local Real Estate Markets-Click Image to Enlarge

In the table above, a few key categories are circled in red, showing where Canby is the front-runner. Here’s a summary of this new report, with key information on Canby real estate:

Canby Homes Sell Fast
With an average market time of 89 days, homes in Canby sell quickly compared to neighboring communities. Homes in neighboring towns like longer, like Aurora (123 days), Silverton (140 days) and Woodburn (163 days) .

Canby Homes Are Smaller
Canby has one of the smallest average home sizes of all towns surveyed. With an average of only 1,530 square feet of living space, only Woodburn comes in lower with an average home size of 1,355 square feet.

Canby Homes Are More Expensive
Canby homes by far have the highest average cost per square foot at $172. Other local towns don’t even come close. 

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Oregon’s Choice Since 1950

Thinking About Selling? Choose The Professionals!
The experts at Certified Realty can provide you with a FREE report on what your property could sell for in today’s market. Certified Realty sponsors CanbyHomes.com and they remain Oregon’s choice since 1950. Count on Certified Realty to provide effective dual multiple listing coverage for optimum marketing of your Canby property.

With nice weather and fewer competing Canby homes on the market, now is a great time to contact Certified Realty using the convenient contact form below.

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