Real Estate at Illahe Hills & Bailey Ridge Salem OR
October 11, 2011
Illahe in Salem Oregon is a beautiful and originally 1960’s contemporary community lying on the outskirts of Southwest Salem. Illahe is nestled in the middle of South Salem rolling hills and lies along the Willamette River. Gorgeous landscaping views and wildlife surround all areas of this community. This community is known for its affluent lifestyle and golfing amenities. Illahe Hills Country Club was established in 1960 by several prominent and local businessmen. People looking to reside in this area can enjoy a golf pro shop, clubhouse featuring catering and social events, tennis and swimming with different levels of membership.
Illahe has changed its landscape over the years from its contemporary style to offering more neo-craftsman styles that are more popular today. With the housing boom came smaller lot sizes as with most subdivisions. The original community fought to keep Bailey Ridge from coming to existence; however that battle was ultimately won by Sandstrum Homes.
Bailey Ridge was contrived at the height of the market offering a more affordable product for the Illahe area. Many neighbors resented this subdivision because they felt that Bailey Ridge was capitalizing on the Illahe reputation all the while bringing down their own property values. As it stands today, there are many vacant lots in Bailey Ridge and a number of foreclosures, although building continues.
Illahe stands to have sold 8 homes since the turn of 2011 with an average sales price of $370,462. The low price is an 1854 sf condo built in 1961 for $185,000. The highest sale is a 3489 sf home built in 2010 for $495,000. There are currently 16 active homes for sale ranging from $335,000 on up to $799,000 leaving approximately 27 months of inventory on the market in this community.
Bailey Ridge has sold 10 homes since the turn of the year with an average sales price of $296,642. The low price is a 2026 sf home built in 2006 for $244,900. The highest sale is a 3304 sf home built in 2007 for $342,500. There are currently 7 homes for sale leaving approximately 7 months of inventory on the market in this community.
*MLS information deemed reliable, but not guaranteed.