𝑻𝒆𝒂𝒎 𝑮𝒂𝒓𝒊𝒃𝒂𝒚 HomeSmart Realty Group

10/04/2026

1340 Classico Court SE
Salem, OR 97306
PRICE IMPROVEMENT! Now offered at $435,000, this updated South Salem home features 3 bedrooms, 2.5 baths, and 1,781 sq ft on a quiet cul-de-sac.

09/27/2026

PRICE DROP! 🔥 1340 Classico Ct SE is now $435,000!

If you’ve been waiting for the right opportunity in South Salem, this would be worth a tour.

This 3-bedroom, 2.5-bath home offers 1,781 sq. ft. of living space, a spacious primary suite with its own flex space, a walk-in pantry, gas fireplace, 2-car garage, and a low-maintenance backyard.

And some of the big-ticket work is already done — including the roof, HVAC, repiped water lines, and tankless water heater.

Now at $435,000!

📍 1340 Classico Ct SE
💰 New price: $435,000

Come take another look before someone else does. 👀

📲 Message and email us at [email protected] to schedule a showing.

09/26/2026

PRICE IMPROVEMENT! 🔥 Now $729,000!

At just $193 per square foot, 3796 Illahe Hill Rd S is bringing a whole lot of home to the table.

This 5-bedroom, 3.5-bath home offers 3,783 sq. ft. in the desirable Bailey Ridge neighborhood, with a huge bonus room, oversized primary suite, main-level ensuite, 3-car garage, and beautifully landscaped yard.

And there’s another potential advantage for qualified buyers: an assumable mortgage at approximately 4%.

At the new $729,000 price, this home is priced below $200/sq. ft. — and that’s worth a closer look.

📲 Message or email us at [email protected] to schedule your private showing!

Listed for sale at $750000. Assumable mortgage at 4% interest rate to qualified buyer!!! Located in the sought-after Bailey Ridge neighborhood adjac...

09/24/2026

🏡 55 Days on the Market?! 😳

Is Salem Real Estate Slowing Down… or Is This the New Normal?

09/23/2026

Our new listing in Monmouth, Or.

270 Martin Way, Monmouth, Or 97361
https://www.homes.com/property/270-martin-way-s-monmouth-or/chtq8e23w5lst/

09/20/2026

🏡 Team Garibay Daily Briefing

Sunday, September 20, 2026

1. 🏘️ Salem Is Moving Forward With Housing Code Changes

Salem is considering zoning changes designed to make it easier to add housing and encourage more infill development. Proposed changes include smaller lots for some single-family homes, changes to multifamily density limits and revised lot-coverage requirements. A public hearing is scheduled for October 13

Why it matters: Changes like these can affect what can be built on existing lots and potentially create additional opportunities for homeowners and developers.

2. 💰 Mortgage Rates Are Back Near 7%

Freddie Mac reported the national average 30-year fixed mortgage rate at 6.95% on September 17, up from 6.76% the previous week. The 15-year average was 6.26%.

Real estate takeaway: Buyers are still dealing with elevated borrowing costs, making strategies such as seller concessions, rate buydowns and assumable loans particularly relevant.

3. 🏠 Oregon Housing Production Is Increasing

Oregon reported that housing starts increased 11.3% year over year during the first half of 2026, while national housing production declined 1.3% during the same period. The state says more than 50,000 future homes are currently in the production pipeline.

Why it matters: More construction could gradually increase housing choices, although it will take time for those homes to actually reach the market.

📌 Bottom Line

The Salem market continues to show movement on housing supply and development, while buyers are still navigating mortgage rates around 7%. For buyers, financing strategy matters. For sellers, pricing and offering the right incentives can be important in attracting today's more payment-conscious buyers.

Realtors / Real Estate Investors

09/18/2026

🏡 A Great Home Just Got Even More Appealing — 4% Assumable Rate!

09/17/2026

🏠 Salem Market Reality Check!

The market isn’t crashing, it’s becoming more selective.

Buyers have more choices. Sellers need more strategy. 👀

Check out the graphic for the numbers, and stay tuned for Parts 2–5!

Same Market. Different Results.