Luxury Grand Estate in Wine Country - Yamhill County Real Estate Guide

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realestat e guide yamhill county Homes & Land For Sale | Commercial Properties Investment Opportunities | Yamhill County Local Businesses & Community Events INSIDE THIS ISSUE: FEATURED HOME: LUXURY GRAND ESTATE 4BD 3.5BA | 5225 SQFT | 7.68 AC BREATHTAKING VALLEY VIEWS THEATER ROOM | POOL ROOM April 2023 VOL 29 ISSUE 4 VISIT US ONLINE: www.ycrealestateguide.com EST. ‘91 Doty’sTHE COVER HOME PRESENTED BY: Real Estate Brokers Windermere Pacific Crest Realty

This classic property features a gardeners dream double lot. Beautifully laid out, thoughtful garden with tranquil water feature is lighted at night. Great areas for bird watching and deer watching in the gazebo or the porch.

Inside, be charmed by the additional, attached sun room right off the living room. Find a formal dining room, just the right size.

Principal bedroom on the first floor is spacious and open. Other bedrooms upstairs are roomy and comfortable.

New roof in 2018 and New heat pump in 2014. And surprise! Huge bonus room over the garage! Room for everyone.

BETH CASTER OR Licensed Principal Broker beth@bethcaster.com 220 NE 7th St., McMinnville All offices independently owned and operated. 971-241-2509 call or text
SIMPLY PEACEFUL AND TRANQUIL 4BD 3BA | 2703 SqFt | MLS 22467757 LISTED AT $895,000 2 | ycrealestateguide.com
BETH CASTER OR Licensed Principal Broker beth@bethcaster.com 220 NE 7th St., McMinnville All offices independently owned and operated. 971-241-2509 call or text Easy living in cozy attached home. Very efficient layout welcomes you to a downsized or just starting lifestyle. Snowbird? Lock the door and go when you want! Tennis Court, walking trails and close to shopping, downtown, aquatic center, library. Priced to reflect new carpeting. SHADOWOOD GREENS EASY LIVING 2BD 1.5BA | 1110 SqFt | MLS 23602372 LISTED AT $405,000 3 ycrealestateguide.com |
Tonya House Broker 503-435-9936 Barry House Broker 971-241-0098 Justin Smith Broker 503-857-6442 Jen Feero Broker 503-708-2658 Trisha House Broker 503-437-1822 Ashley Hernandez Broker 503-857-2553 Stacy Martin Principal Broker 503-560-2144 B A K E R S T R E E T R E A L E S T A T E Love where you Live 708 NE BAKER ST., MCMINNILLE / 503.472.0576 WWW.BAKERSTREETREALESTATE.COM Licensed in the State of Oregon 1678 SW Wright, McMinnville | ML# 22364937 Listed at $357,500 | 3BD 2BA | 1160 SqFt 913 NW Sunnywood Ct., McMinnville | ML# 23552284 Listed at $535,000 | 3BD 2.5BA | 1817 SqFt 1846 NW 8th St., McMinnville | ML# 22264121 Listed at $750,000 | 4BD 3.5 BA | 3359 SqFt 1088 E 16th St., Lafayette | ML# 23192072 Listed at $480,000 | 4BD 2.5 BA | 1504 SqFt 5620 NE Hawn Creek Rd., McMinnville | ML# 23426762 Listed at $1,100,000 | 4BD 3BA | 2425 SqFt | 9.48 Acres 468 NE Fircrest Place, McMinnville | ML# 23489858 Listed at $525,000 | 3BD 3BA | 2576 SqFt 4 | ycrealestateguide.com

UNDERSTANDING “ESCROW”

An escrow is an independent, neutral intermediary that manages the exchange of money for real property.

Whether you are the buyer, seller, lender, or borrower, you want the comfort of knowing that no funds or property will change hands until all of the instructions in the transaction have been followed and conditions met. The escrow holder, while maintaining the privacy of the consumer, must safeguard the funds and documents while they are in the possession of the escrow holder. When all conditions of the escrow transaction have been met and the parties agree, the escrow holder will disburse funds and record the documents conveying the title.

ESCROW: HOW DOES IT WORK?

Once the parties to the transaction (buyer/seller/lender and/ or borrower) have reached an agreement, the signed contract or purchase agreement, along with the buyer’s earnest money deposit, is submitted to the escrow holder. At that point, an escrow is opened. The escrow holder will now follow the mutual written instructions of the buyer and seller, maintaining a neutral stance to facilitate the successful exchange of money and property between the parties. The escrow holder will also follow the instructions of the lender in meeting their conditions.

- The processing and coordination of the flow of documents and funds

- Responding to authorized requests from parties to the transaction

THE DUTIES OF AN ESCROW HOLDER INCLUDE, BUT ARE NOT LIMITED TO:

- Ordering the title search which will indicate the record of ownership and status of the subject property

- Responding to lender’s requirements

- Preparation of a final statement for each party (often referred to as the Settlement Statement) that shows the costs and charges associated with the transaction

- Coordinate with lender on the preparation of the Closing Disclosure

- Facilitation of the signing of loan documents

- Closing of the escrow, only when all conditions are met and funds are in place in accordance with instructions

01144500717
CRYSTAL MARKS BUSINESS DEVELOPMENT REP MOBILE 503.550.2750 cmarks@firstam.com https://local.firstam.com/or/reps/cmarks First American Title Insurance Company, and the operating divisions thereof, make no express or implied warranty respecting the information presented and assume no responsibility for errors or omissions. First American, the eagle logo, First American Title, and firstam.com are registered trademarks or trademarks of First American Financial Corporation and/or its affiliates. ©2023 First American Financial Corporation and/or its affiliates. All rights reserved. NYSE: FAF 5 ycrealestateguide.com |

363

For Sale | Listed at $899,900

MLS # 23626248

3468 SF | 4bed | 3bath | .24 Ac

Impeccable Luxury Living

| Listed at $364,000

MLS # 22384796 Beautiful Beef Bend Rd Area

Pending | Listed at $510,000

MLS # 22610375

2178 SF | 2bed | 3bath | Bonus Room Golf Course Lakeside Condo

537

Pending | Listed at $565,000

MLS # 23210279

2347 SF | 3bed | 2bath | .14 Ac Urban Farmhouse

201

Pending | Listed at $529,000

MLS#23677412

1936 SF | 3bed | 2.5bath Corner lot with RV Parking

MLS # 21050852

2813 SF | 5bed | 3.5bath | .32 Ac Multi-Gen Home w/Wooded Views

528

Pending | Listed at $499,000

MLS # 23224129

1634 SF | 3bed | 2.5bath Dayton Home+ Studio Apartments

1135

Pending | Listed at $549,000

MLS # 23492840

1824 SF | 3bed | 2.5bath Contemporary Remodel

300

Pending | Listed at $585,000

MLS # 23146749

2,489 SF | 4bed | 2.5bath Spacious Family Home

at $665,000

MLS#23323817

2489 SF | 4bed | 2.5bath Buyer Representation

2626

940

St,

at $490,400

MLS#23046442

2073 SF | 3bed | 2.5bath Buyer Representation

SOLD at $410,000

MLS # 23052618

1748 SF | 3bed | 1.5bath | .14 Ac Craftsman Bungalow

Lacey Summers worked with us to buy our acreage home. It took us a while to find what we were looking for and at an acceptable price. She was extremely helpful with market insights and very patient with us viewing various properties. At the time of closing, she was instrumental in achieving the best deal possible for us and was very responsive to any questions we had. Her intuition, suggestions, and experience in this field is paramount to the successful home buying process. I would highly recommend Lacey for your future real estate choice of realtors. Thank you, Lacey, you are an awesome person”

- Vladimir and Lana

14960 SW Hawk Ridge Rd # 27 Portland | Buildable Lot Pending NE 8th St, McMinnville NW Mt. Mazama St, McMinnville 1324 NW Oakmont Ct, McMinnville 608 Joel Palmer Way, Dayton Pending | Listed at $620,000 378 SW Mt St Helens St., McM. SOLD Ash St, Dayton NW Alfred Dr., McMinnville SOLD NE 30th St, McMinnville SE Storey McMinnville W Washington St, Carlton SW Mt Mazama St, McMinnville
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Steve Myers Loan Officer NMLS #113523 503.709.1244 smyers@guildmortgage.net Jennifer Dietz Loan Officer NMLS #1132406 541.410.3314 jdietz@guildmortgage.net A tax refund makes a great down payment What will you do with your tax refund this year? Your tax refund could be the beginning of a whole new life. With down payments as low as 3%, you may be able to use your tax refund to afford the home of your dreams. We can even prequalify you before your refund hits the bank. Guild Mortgage Company; NMLS #3274; Equal Housing Opportunity; OR ML-176; nmlsconsumeraccess.org; Branch Address 1945 NE Baker Street, McMinnville, OR 97128; Branch NMLS #1738903. For more licensing information please visit guildmortgage.com/licensing. All information, loan programs & interest rates are subject to change without notice. All loans subject to underwriter approval. Terms and conditions apply. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction. Tony Paolo TONY PAOLO REAL ESTATE born here. raised here. working here for you.. Licensed Oregon Broker Tony Paolo Real Estate Broker 971.716.0862 tonypaolorealestate@gmail.com tonypaolo.premierepropertygroup.com 7 ycrealestateguide.com |

322 E Main St. Willamina, OR 97396

Office: 503-876-9004 Fax: 503-876-9115

Cell: 503-910-9261

Email: barbhofenbredl@yahoo.com

All Brokers Licensed in the State of Oregon

NEW LISTING

and... SALE PENDING: Nice 3 bd 2 bath manufactured home with vaulted ceilings. Spacious primary bedroom with walk-in closet a full bath with tub & shower. Kitchen has appliances and oak cabinets. Laundry room located inside. Plenty of space with a deep 2 car garage.

Sheridan / $399,000: 4 bedroom 2.5 bath home, living room, family room, bonus room, kitchen, dinning room, fireplace double sided, two car garage, large lot, property out of flood plain.

SALE PENDING

Sheridan 44 ACRES WITH BEAUTIFUL VIEWS: 2 build-able home sites pick one and build your dream home. Perrydale water, two wells, seasonal creek, 4 bay shop is around 50x36, manufactured home no value, old barn no value, some fencing for animals. Some apple, fir and oak trees.

Willamina / $525,000: Beautiful country setting 10 acre property with room for all your hobbies & toys. 3bed,2bath, Open floor plan, living rm, family rm, large kitchen & lots of windows to view the impressive acreage. Land is level, acreage had cattle on it. Property line extends to midcreek along east & South sides Yamhill river. Greenhouse, wood shed, wood-working shop, 2 bay outbuilding, goat stable, chicken coop

COMING SOON!

PRICE REDUCED

Dallas $375,000: 3.15 acres with 3 bed,1 bath FIXER UPPER. GREAT INVESTMENT OPPORTUNITY. Shop #1 30’x60’, Shop#2 19’x50’. ML# 22194421

3BD/2BA MFG Home on 21 private & secluded acres, shop, barn, garden shed, fenced in garden area, pond, some fir & oak trees have been thinned but replanted last spring. Per owner property is dividable but buyer to do their own due diligence.

Corner lot 3 bed 1 bath with 1 car garage / shop Sarah Bacon Broker Barb Hofenbredl Principal Broker/ Owner
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5 AC w/shop set up for dual living 5BD 3.5BA, living room, family room, 2 car garage & shop. House has been updated.

We are Green Spark Homes, a company that specializes in sustainable home construction, green remodeling, and energy modeling.

Our team of skilled experts employs the most recent technology and methods to design attractive houses that use less energy and have a smaller environmental footprint.

Whether you want to construct a new house, modify your existing one, or find out more about energy efficiency, we’re here to help!

Protect Your Loved Ones | Protect Your Planet | Protect Your Pocket Book 410 NE 3rd St., Suite 4 McMinnville, OR 97128 OR CCB #240247 (503) 857-2824 www.greensparkhomes.com SUSTAINABLE HOME CONSTRUCTION ENERGY MODELING GREEN REMODELING
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What Our Clients Say...

“I have had the pleasure of using Nicole not once, not twice, but three times. Twice to sell homes and once to buy. Two words describe her service: Simply amazing. I’d recommend Nicole and Steve all day every day to anyone for their real estate needs.” -Jared K.

“Nicole went above and beyond to help find the perfect home for us. We were super happy to have this lady on our side.”

“After dealing with other realtors in the past, working with Nicole was like a breath of fresh air. Having purchased and sold through Stone Ridge Real Estate was easy and painless. Nicole brings a wealth of knowledge and information to the table during negotiations. Unlike previous experiences, she isn’t solely focused on commissions, but rather keeping your best interests first and foremost.” - Richard

“Nicole and Steve were great to work with. I appreciate how well they communicated with me and explained all the steps of both buying and selling. They were on the ball, responsive, personable, dedicated, fun and easy to work with.”

Nicole Ruyle Principal Broker/Owner 971.241.1751 snruyle@msn.com Steve Ruyle Broker 503.930.5819 Gary Southworth Broker 971.237.2009 Licensed In the State of Oregon
you
selling,
to
you! At Stone Ridge Real Estate, we pride ourselves in helping our clients in any way we can. We believe in working hard and being available to our clients, making the home buying and selling process as stress free as possible. Buyers and sellers.... we are here to help you! SELLERS We have buyers ready to purchase! Give us a call today to find out what your home is worth. BUYERS Now is the time to take advantage of all that homeownerhsip has to offer.
Whether
are buying or
let us put our years of experience
work for
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Yo u 're About To Save B IG TIME! MATTRESS CLEARANCE CENTER 0% Interest OAC – We Deliver! Name-Brand Furniture & Mattresses at Discount Prices SAVE 40-80% OFF RETAIL Shop Our Store 2730 NE Bunn Road, McMinnville Shop Online www.EncoreHomeFurnishings.com Open Monday‑Saturday 10 ‑ 6 • Sunday 1‑ 5 503.474.1937 & Over 3 ,0 0 0 Ite m s In Stock Bu y Tod ay, Ta ke Ho m e Tod ay Lowest . Prices . Any wh ere. SAVE $100 On Any Purchase Over $500 Cannot be combined with in-store sales, coupons or other offers. Expires 5-15-23. 11 ycrealestateguide.com |

Glorious custom-built home on 7.86 serene acres with breathtaking views of the valley and mountains! This grand estate, built in 2005 and freshly updated/remodeled in 2018, offers a generous 5225sf. Tastefully appointed with attention to details and quality through-out. Massive windows with soaring ceilings, exquisite hardwood floors, beautiful designer kitchen and primary on main with walls of windows and luxurious bathroom. The fully finished basement presents a theater room, a pool room with wet bar area, 3 additional bedrooms plus tons of storage. Outside is the 3-car garage with covered RV parking, tool shed, chicken coup, ¾ acre of vines, multiple fruit trees and panoramic view! Nicely set up for multi-generational living. This one-of-a-kind beauty is second to none!

YOUR DREAMS. OUR PASSION. YOUR REALTORS. Windermere Pacific Crest Realty | 609 NE Baker St., Suite 110 McMinnville OR 97128 | Licensed in the State of Oregon 503.435.7165 Devri Doty PRINCIPAL BROKER 971.241.2066 Mac Kauer | BROKER/DESIGNER 503.435.9070 Dominic Doty BROKER |
$1,585,000 4 br / 3.5 ba / 5225 sq ft / MLS 23499420 EST. ‘91 Doty’sTHE
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16755 SW Masonville Rd. McMinnville, OR
FEATURED COVER HOME

AN ICONIC WINE COUNTRY PROPERTY

NEW PRICE! $4,495,000 | 10643 & 10645 NE Hwy 240, Yamhill Oregon 97148: An Iconic Yamhill Wine Country Home with a 2nd home on its own parcel totaling 51 acres, with beautiful vineyard and territorial views. There are 10+acres of established vineyards with ultra-premium Pinot Noir & Chardonnay from which its Domaine Verdant wines are served in top restaurants, including Michelin 3-Star restaurant, Geranium, in Copenhagen. An additional 25 acres is suitable for planting. The extended Hi-visibilty frontage of the property on Hwy 240 offers an exceptional location for a wine-tasting room in the heart of Yamhill-Carlton AVA. ML#: 22259708.

NEW PRICE! $2,495,000 | 10645 NE Hwy 240, Yamhill, Oregon: A unique opportunity to own half of an iconic Yamhill Wine Country Estate with character home. Subject to a proposed lot line adjustment to create a 24acre parcel. Proven vineyard w/ 6 acres ultra-premium Pinot Noir, 1 acre Chardonnay and 10+ acres for vineyard expansion. Beautiful territorial views and approximately 1000ft of Hi-visibility frontage on Hwy 240 offers a fantastic location for a possible tasting room in the heart of the Yamhill-Carlton AVA. ML# 22340900

JACOBSEN

Discover OREGON PROPERTIES, RESIDENTIAL, ACREAGE, & VINEYARDS WITH MIKKEL & BETH JACOBSEN PACIFIC CREST REALTY 609 NE Baker St., Suite 110 McMinnville, OR | 97128 www.windermerepcr.com Licensed in the State of Oregon BETH JACOBSEN BROKER 503-550-8565 beth@bethjacobsen.com MIKKEL
BROKER 971-241-2052 mjacobsen@windermere.com A UNIQUE OPPORTUNITY!
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DREAMS CAN STILL COME TRUE!!

Build your new home on this private small acreage with sloping pasture with tree bordered property to your own creek frontage!! Rock Creek Water available, with a standard septic and electric already to property. A few outbuildings, partially fenced with gate at approach. Paved road to property. Minutes to Spirit Mt. Casino, and on the way to the beach! Buyers to do due diligence. MLS# 21104325 $185,000

249 S. Bridge St., Sheridan, OR. 97378 lucywvr@wbcable.net Lucy A. Hebert Owner/Principal Broker, GRI Licensed in the State of Oregon 503-843-5031 “Here for all Your Real Estate Needs LOTS OF POSSIBILITIES IN THIS INVESTMENT PROPERTY. 6 Acre Lot- Zoned R-2, sub dividable per City. Home is MAJOR FIXER, or of little/no value, 2bd,1 bath, previously used as a rental. CITY WATER & SEWER HOOK UP CONNECTED. Beautiful level lot w/trees, ditch, located on dead end street. Buyers to do due diligence MLS# 20653057 $185,000
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SALE PENDING! 362 Garfield St., Woodburn: Investment Opportunity! Turn this into your next rental or revitalize & restore its original charm! This 1901 farmhouse sits on large .20 corner lot 2,486 SqFt, 5bd/1ba,potential 6th bdrm,living & dining rm w/original crown mold window/door trim, high ceilings, front entry foyer/mudrm, vinyl windows, original front decorative windows. Storage/mudroom addition off back of home, ample parking. Needs TLC-Cash only. ML 22543073 $249,900

NEW LISTING! 487 NE Buena Vista St. Hillsboro: One owner, single level home built in 1976. Featuring3BD/2BA, 1,530 square feet & oversized 2 car garage. Open floor plan w/high vaulted ceilings in LR & lots of natural light. Master BD w/walk-in shower & sliding glass door that leads to large deck and fenced back yard. Large lot with .23 acres backs up to green space with seasonal creek. Perfect for the entertainer and garden enthusiast! Backyard requires minimal maintenance, with no grass, large deck w/motorized retractable awning, walking paths and flower beds. Nestled in a quiet neighborhood, this home is perfect for anyone looking to downsize or buy their first home and build sweat equity. Don’t miss this unique home, that has something to offer any buyer! ML 23629319 $505,000

THINKING OF BUYING OR SELLING? Our combined experience of over 30 years in selling real estate makes our team the go-to choice for residential home sales and negotiations. With an extensive background in rural properties we specialize in the marketing and purchasing of homes on acreage, hobby farms and bare land. Our team is available in Yamhill, Washington, Clackamas, Linn, Polk and Marion County!

WE HAVE BUYERS LOOKING FOR: SINGLE FAMILY HOMES, BARE LAND & VINEYARDS! CALL

www. LaurenCaseyRealtor.com facebook.com/LCaseyRealEstate Lauren Casey Real Estate Broker Licensed in Oregon 503-849-7440 lauren@lauren-casey.com Carrie Casey Real Estate Broker Licensed in Oregon 503-849-3502 carrie@carriecasey.com
US TODAY FOR A COMPLIMENTARY MARKET ANALYSIS!
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PENDING NEW LISTING

Ready to say

1.) https://www.mykcm.com/2022/10/05/the-long-term-benefit-of-homeownership 2.) https://www.mykcm.com/2023/02/27/one-major-benefit-of-investing-in-a-home 3.) https://www.mykcm.com/2022/10/19/should-you-still-buy-a-homewith-the-latest-news-about-inflation

4.) https://www.mykcm.com/2022/09/06/how-owning-a-home-builds-your-net-worth/ 5.) https://www.mynd.co/real-estate-market-consumer-insight-report 8.) https://www.mykcm.com/2022/10/17/ the-emotional-and-non-financial-benefits-of-homeownership. Additional Resources not directly linked: https://myhome.freddiemac.com/owning/equity-and-appreciation and https://blog.firstam.com/economics/homeownership-remainsstrongly-linked-to-wealth-building

Rick King Mortgage Advisor | Branch Manager NMLS 87524 Cell: (503) 709-6603 Office: (503) 379-1434 ext.5066 rking@evergreenhomeloans.com www.evergreenhomeloans.com/rickking From bye bye rent to ready to buy is a powerful decision. If you’re ready to start the journey, we’re here to guide you every step of the way. Contact us today to get started. Even if you’re ready to say bye bye to rent, the decision to buy a home is a big one. That’s why we’ve compiled a BIG list of homeownership benefits 1 . Build your legacy –set future generations up for success 4 . Locks in your payment for the length of your loan vs annual rent increase 3 . Provides a source of financial stability 2 . Owning a home is a significant wealth-building tool 2 . Increase your net-worth 4 . goodbye to rent?
Additional benefits may include 8 : Giving you a greater sense of pride. Helps with community engagement. Provides more freedom and control over your living space. Privacy – being able to enjoy your own space.
©2023 Evergreen Moneysource Mortgage Company® NMLS ID 3182. Equal Housing Lender. Trade/service marks are the property of Evergreen Home Loans. All rights reserved. Licensed under: AZ Mortgage Banker License #0910074; CA Dept. of Financial Protection and Innovation under the CA Residential Mortgage Lending Act #4130291; CO Regulated by the Division of Real Estate; FL Licensed as a Mortgage Lender by the Office of Financial Regulation; ID Mortgage Broker/Lender MBL-3134; MT Mortgage Lender License 3182; NV Mortgage Company License 4837; OR Licensed under the OR Consumer Finance Act ML-3213-NMLS 3182; TX Department of Savings and Mortgage Lending Company License NMLS #3182; WA Consumer Loan Company CL-3182; WY Mortgage Lender/Broker 3467. 17 ycrealestateguide.com |

JUST SOLD!

10214 Wiseacre Lane, Aurora $669,000: Now is your opportunity to own land and a house like new! Completely renovated home taken down to the studs and rebuilt with exceptional quality. This 3 bedroom, 1.5 bath home offers new interior, exterior and roof. Features include laminate flooring, new appliances, heat pump system and crawlspace renovation. Home is situated on 2.88 acres with garage, new garage door and additional 2 level bay/ storage behind garage, and 24’ x 48’ shop with concrete floor and 220v electrical service. New landscaping, on septic and private well. Convenient location close to I-5. MLS #22550360/WVML # 799485

Licensed in State of Oregon

(503) 851-1636

frankthomesales@gmail.com

www.frankt.cboregon.com

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609 NE Baker St. Suite 110, McMinnville, OR 97128 ∙ Office (503) 474-1234 ∙ www.windermerepcr.com Licensed in the State of Oregon PACIFIC CREST REALTY Devri Doty Principal Broker / Owner 503.435.7165 Dom Doty
503.435.9070 Todd Zinda Broker 503.314.6888 Mikkel Jacobsen Broker 971.241.2052 Beth Jacobsen Broker 503.550.8565 Mac Kauer Broker / Designer 971.241.2066 Shane Aase Property Mgr. 503.474.1115 Shawn Dunn Broker / Property Mgr. 503.474.1115
Rd.,
JUST SOLD 0 Royal Anne Dr., Amity $349,000 | Private/Quiet | 3.36 Acres Bring Your Own Builder | Cleared Homesite 0
St., Carlton
Prime 7 Acre Lot w/in City Limits of Quaint Carlton
$1,585,000 | 5225 sf | 7.86 View Acres Luxurious Custom Estate | Radiates Quality
$449,900 | 1996sf | Two Units One Block from Linfield University | Tons of Potential
SOLD
$1,100,000 | 2638 Acres | 2.43 Acres Stunning Mountain View | High Demand XXL Shop 19 ycrealestateguide.com |
Broker
14520 NW Pheasant Hill
McMinnville
Garfield
| $325,000
16755 NW Masonville Rd. McMinnville
1308 SW Melrose Ave. McMinnville
4725 SE Booth Bend Rd., McMinnville JUST
2399 NW Nut Tree Lane, McMinnville

What Buyer Activity Tells Us About the Housing Market

Though the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home. According to U.S. News:

“Housing markets have cooled slightly, but demand hasn’t disappeared, and in many places remains strong largely due to the shortage of homes on the market.”

That activity can be seen in the latest ShowingTime Showing Index, which is a measure of buyers actively touring available homes (see graph to the right).

The 62% jump in showings from December to January is one of the largest on record. There were also more showings in January than in any other month since last May. As you can see in the graph, it’s normal for showings to increase early in the year, but the jump this January was larger than usual, and a lot of that has to do with mortgage rates.

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“It’s typical to see a seasonal increase in home showings in January as buyers get ready for the spring market, but a larger increase than any January before after last year’s rapid cooldown is significant. Mortgage rate activity this spring will play a big role in sales activity, but January’s home showings are a positive sign that buyers are getting back out there . . .”

It’s important to note that mortgage rates hovered in the low 6% range in January, which played a role in the high number of showings. What does this mean? When mortgage rates eased, buyer interest climbed. The jump in home showings early this year makes one thing clear – while rates may be volatile right now, there are interested buyers out there, and when mortgage rates are favorable, they’re ready to make their move.

Bottom Line

An increase in showing activity in January is a good sign that there are buyers who are eager to purchase a home. If you’re thinking of selling your house, connect with one of our local Yamhill County REALTORS®. They have the expertise and knowledge to guide you through the selling process. If you need a referral, please let me know!

Source: Keeping Current Matters / Blog / March 16, 2023

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20345 SW Pacific Hwy Suite 202

OR 97140

NEWBERG

$79,000 ’04 FLEETWOOD IN 55+COMMUNITY! Very unique 960 sq.ft. 2004 Fleetwood. 2 BR / 2 BA located in 55+ community. Solid wood cabinets, kitchen appliances include fridge and stove. No dishwasher. Master bathroom has tub and shower combo. Hardi plank siding. Soon to be vacant. Financing available OAC. Yard is small for easy landscaping. #14759

SHERWOOD

$129,000 ’96 REDMAN IN ALL AGES COMMUNITY! Stunning 2 BR / 2 BA,. Very spacious home with vaulted ceilings, tape and texture walls with soft corners. Oversized bedrroms and each bathrooms have tub and shower wrap around. Kitchen has abundant storage space - all appliances stay. Laundry room, separate family room off kitchen for premium entertaining space. Covered back credenza with shade from grape vines. Financing available OAC. #14770

NEWBERG

$95,000 GOLDENWEST IN 55+ COMMUNITY! 2 BR / 2 BA 1979 Goldenwest. $535 rent includes W/S/G. New roof in ‘16, high rise toilets, corner lot, 8x18 covered front deck. Fireplace, non-smoker, newer appliances, wall oven, glass top stove. Large utility room with built in desk. Large walk-in shower in hall bath. Heat Pump for low heating cost in the winter and cooling in the summer. Well maintained. Financing available OAC. #14775

KEIZER

$79,900 BROOKWOOD IN 55+ COMMUNITY 2BD/2BA well-maintained located in premier 55+ community. Pet friendly. Close to shopping, public transportation, medical & entertainment. Separate living and family room. Built in hutch for ample storage. Planter next to garden tub in master. Low maintenance front yard, lawn in the back yard, some fencing. Financing available OAC. #14778

LAFAYETTE

$192,000 ’95 FLEETWOOD IN ALL AGES COMMUNITY! 1512 sq. ft. Super Good Cents w/ 6” exterior walls. 3 BR / 2 BA + den. Updated throughout. One year home warranty. Brand new heat pump. Exterior was painted and caulked for years of protection. Interior painted as well and added wanes coating. New kitchen appliances. New vinyl plank flooring. French doors in master bath. Financing available OAC. Very large fenced yard. #14761

$125,000 ’97 REDMAN IN ALL AGES COMMUNITY! Super Good Cents 3 BR / 2 BA 1456 sq. ft. in family community. Sits on perimeter of park w/large 8x12’ workshop w/power, insulation, & window AC, Heat pump w/AC inside. Large LR w/vaulted ceilings, wood laminate flooring throughout. Island in kitchen with several skylights. New roof in ‘17. New hot water heater ‘19. Tape & texture walls, ceiling fans, WD stay. Financing available OAC. #14766

$129,000 SUNNYBROOK IN ALL AGES COMMUNITY!

Hard to find 4 BR /2 BA inside one of Portland’s premier family communities! Ready for upgrades. Professional pool table incl. New roof in 2018, newer vinyl windows. Heat pump for low cost heating and cooling. Yard is perfect for entertaining. Oversized deck 8x30 and large manicured yard with grass and flowers. Financing available OAC. #14773

NEWBERG

$69,000 MODULINE IN 55+ COMMUNITY! Priced to sell & vacant! 2 BR / 2 BA 1152 sq.ft. $535 rent includes W/S/G. Wood laminate floors, bright front LR w/built-in hutch, separate FR. All appliances incl. Enclosed tub/shower combo in hall bath. Master BD w/slider to back deck. W-In Shower w/handles. Heat pump, metal fabricated roof. 10% down puts monthly cost about $1200/ mo inc home, space rent, taxes, WSG, OAC. #14776

MCMINNVILLE - SOLD

$89,000 ’90 FLEETWOD IN ALL AGES COMMUNITY! 3 BR / 2 BA & Move in ready. Block from Columbia Elementary School & Discovery community park. Newer heat pump for lower heating cost & summer AC. All appliances incl. W/D stay. Split model for privacy w/ master on one end. Upgraded master walk-in shower. Double pane vinyl windows, Exterior freshly painted. Side by side parking. Financing available OAC. Fully fenced backyard for pets. #14769

$149,000 MODULINE IN ALL AGES COMMUNITY! Vacant and move in ready. Single car garage. 1080 sq. ft, 3 bdrm, 2 bath. On perimeter lot, overlooking green space. Split model with bedrooms at opposite ends of home. Double pane vinyl windows, new roof and heat pump in 2014. All appliances, inc W/D. Private 10’x24’ back deck, covered with screen enclosing. 11x24 garage with workshop. Financing available OAC. #14774

NEWBERG

$125,000 ‘94 LIBERTY IN ALL AGES COMMUNITY! Vacant super good cents home with 6” exterior walls. 3 BR / 2 BA on large perimeter lot w/fenced backyard. Split model with bedrooms at opposite ends. All appl. + W/D incl. Wood laminate flooring in living room and carpet in bedrooms. New roof in 2015 and newer heat pump for low heating cost in winter & AC in summer. Parking for 4 cars. Space rent is only $580/mo. Financing available OAC. #14777

NEWBERG - SOLD

$89,000 ’74 ROAKS IN 55+ COMMUNITY! 1440 sq.ft. 2 BR / 2 BA + den. Terrific location with curb appeal set on perimeter lot with a covered 10x26 patio. Shed is 10x20 with power. Split model inside with tub and shower combo in each bathroom. Kitchen has wood cabinets, new dishwasher. Washer and Dryer included. Heat pump is new with programmable thermostat. Slider to back patio. Built in hutch. Financing available OAC. Low maintenance yard.#14768

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CROWN MANUFACTURED HOME SALES
Manufactured Home Sales & Listings ~ Since 1995
(503)925-8009 www.CrownHomes.com Financing Available OAC ASL Interpreter Available APPLICATIONS AVAILABLE ONLINE
Sherwood,
NEWBERG SHERWOOD
22 | ycrealestateguide.com
PORTLAND
Vineyards • Farms • Luxury Homes • Residential • Investments VALLEYREALTYPROFESSIONALS.COM Teri Steneck Principal Broker/Owner 503-888-9444 Jessica Bean Broker/Buyers Agent Kim Williams Broker/Buyers Agent 452 NW MEADOWLARK CT, MCMINNVILLE This Home on Almost Half Acre Feels Like Living in The Country, But In the City. Backs To a Greenspace.3 Bedrooms & 2 Full Baths On Main Level. Bonus Room Upstairs. 2063 SF of Clean, Stylish, Well Maintained Home. Many Extras! Back Deck (32 X 12), 2022-New Electric Furnace & Central Air, 2020 Remodeled Master Bath, Wainscoting & Hardwood Floors. Kitchen With Granite & SS Appliances. OFFERED @ $749,900 DUNDEE PARK EASTER EGG HUNT APRIL 8TH , 10AM - 11AM Come out and say HI to the team & Howdy House! Hope to see you there. 883 WASHINGTON ST, LAFAYETTE - STYLISH CRAFTSMAN IN THE HEART OF WINE COUNTRY Built In 2018. Has 1696SF with 3 Bedrooms & 2 1/2 Baths. 50 FT of RV Parking. You Can Get the Dream RV and NOT Pay to Store It! Open Floor Plan, Spacious Master Suite, Hardie Plank Siding & Vinyl Windows, Beautiful Kitchen W/ Gorgeous Cupboards. Fenced Backyard OFFERED @ $469,900 503-538-5324 All Brokers Licensed in the State of Oregon. Fiona Sanders Listing & Staging Coordinator YOUR LOCAL AGENTS FOR OVER 20 YEARS! Licensed in Oregon BUILD YOUR DREAM HOME AND HOBBY VINEYARD ON PARRETT MOUNTAIN An Amazing 4 Acre Buildable Parcel in Oregon Wine Country. Walk To Archer Vineyard & Tasting Room in the Chehalem Mountains AVA. Several other Vineyards and Tasting Rooms Close By. Beautiful Serene Property OFFERED @ $550,000 WE SELL OREGON VINEYARDS! Want a Vineyard? I Have Some For Sale! Want to Sell a Vineyard or Any Property? WE CAN SELL IT! With Over 24 Years Experience, Let Us Find You Your Dream Property or Dream Home. YOUR WINE COUNTRY SPECIALISTS! CALL US TODAY BEAUTIFUL NEWBERG IN CHEHALEM MT AVA. 2.5 Acres w/Vineyard View! Could Be a Bed & Breakfast or Vacation Rental (Check with County) Or Private Residence. 3096SF Home W/ 5 BD & 3 FULL Baths. Metal Roof, Extensive Concrete Work, & Decking (33 X 10) to take in the Views. 25 FT Fireplace, Vaulted Ceilings, Granite Counters, Slate Tile Flooring, Next to Domaine Divio Tasting Room. STUNNING Location OFFERED @ $950,000 23 ycrealestateguide.com |
WE ARE READY FOR YOU. In spite of rising interest rates, the real estate market remains strong. Inventory is still low. Reach out! We love to talk strategy, and we would love to put together a plan with you for selling and/or buying this spring. There are great things ahead! 503-310-9844 TEAMINFO@THEBELLACASAGROUP.COM WWW.THEMCCREITHTEAM.COM
HILLSBORO \ 3 BD, 1 BA \ $550,000 CARLTON \ 3 BD, 1 BA \ $388,000 Back Row: Marissa Adams, Admin.; Joni McCreith, Prin. Broker; Molly Barajas, Prin. Broker Front Row: Amy McCormick, Prin. Broker; Catherine Summers, Prin. Broker

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