Steak On The Hoof Purchased

Paul Kerley, a respected leader in the Salem, Oregon real estate community, has worked in the real estate industry for more than three decades. Since 1983, he has managed and overseen Commercial Property Resources, Inc., a property management company in Salem, Oregon, now controls about 1800 residential units. Paul Kerley is the sole owner of Steak on the Hoof, and he made the executive decision to expand his business by acquiring a large cattle hay ranch on SW Houston Lake Road in Powell Butte, Oregon.

The acquisition involved a transaction of $2.5 million from Steak On The Hoof to the former owner, and Mary E. Doyle of Coldwell Banker represented both parties in Bend, Oregon.

The property is 109 acres wide. At the time of acquisition, 98 acres of the ranch were irrigated by a flood and a pivot. A salon and residential property sit on a portion of the land close to the outbuildings on the property.

Why Salem is Considered Real Estate

A Salem, Oregon real estate professional drawing on a career that has spanned more than three decades, Paul Kerley serves as president and owner of Commercial Property Resources, where he oversees over 1800 residential units. Paul Kerley has had a longstanding career in the Salem, Oregon, real estate market.

The capital city of Oregon, Salem, has a long record of high housing demand. In fact, previous records (including the year 2019) show that the rate at which houses were demanded in the state exceeded supply. With this attribute, Salem is considered a reliable real estate market for investors, and websites like Listwithclever.com reiterate this concept.

With the high housing demand in the state, one may expect houses to be more expensive in Salem than in other cities. However, this is not the case since the past median home value in Salem was far less compared to Eugene and Portland (other cities in Oregon). This is good news for both home renters and buyers since renters can expect more affordable lease contracts while buyers can also expect affordable acquisition costs. With the increasing demand for houses in the state, homebuyers can also expect to see their assets appreciate over time.