Local housing to be effected by stimulus bill

I have been holding off on commenting about the effect of the stimulus package on the local housing market until I felt like what they were talking about in Congress until I thought a conclusion had been made….
I think that time is today…and the eventual winner looks to be as follows:
Temporary credit for home buyers: [...]

Downside of Living in Southern Oregon

As a Realtor, I frequently get asked the question “What is it about where you live do you NOT like?”
I honestly have problems answering this question. I love where I live…and some of the downsides to some are what I consider to be part of the charm. Ashland is a very liberal town…a Berkeley of [...]

By the numbers–short sales and REO’s

In the last 3 months in Jackson County

384 total sold residential properties
125 sold REO properties
35 sold Short Sale properties
Median price of REO/short sale properties is 20% lower than non-duress properties

Total 42% of the sold market is REO/Short sale
In the last 3 months in Ashland

39 total sold residential properties
4 sold REO properties
2 sold Short Sale properties

Total 15% of the [...]

Affect of Short Sales and REO’s on the market

There is no denying that one of the major influences on the current real estate market in Jackson County is the competition between houses being sold under normal circumstances…and those that are being sold under duress.
REO’s (not to be confused with ROUS’s) are the easiest of these properties to gauge value of. Because these properties [...]

By the Numbers—Days on Market

Some interesting facts…
In Jackson county, there are currently

281 homes for sale that have been on the market for over 1 year.
139 homes for sale that have been on the market for over 1 1/2 years
50 homes for sale that have been on the market for over 2 years
25 homes for sale that have been on the [...]

Jackson County Oregon 11 Year Real Estate Statistics

I have finished compiling the stats for 2008, and entered it into the running stats I have for the last 11 years.
As you can see, the volume of properties sold in 2008 was by far the lowest it has been in the last 11 years. A total of 1869 properties sold in 2008, which is [...]