Latest Foreclosures In Central Point

In the last two days, the latest foreclosures to be listed for sale are in Central Point.
*One located on Ester Way and looks like a good bargain. A little over 25oo square feet on 1.78 acres. The house was built in 2001 and currently appears to be owned by Wells Fargo. The price on this house [...]

Current Foreclosures in Jackson County

A quick search of the Southern Oregon MLS shows that today there are 133 bank owned (REO) forclosed houses currently for sale.
These properties are all kinds…in all price ranges.
On the bottom end is a $55,000 house in Evans Creek on an acre that has fire damage. But more realistically, there is a house in West [...]

May Stats Are Here

With every set of statisics I run or receive there is always good news….and there is always some bad news. That is the nature of real estate. What is good for sellers, is not necessarily good for buyers…and vice versa.
That being said…it appears that we are approaching a point in the market where the two [...]

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 [...]

Banks are working hard at workouts

It seems that as the economic situation in this country is still a bit on the scary side, more and more people, media, companies and politicians recognize that the housing market is the key to a stable economy.
Houses are an investment that people can really relate to them. You can touch a house, you can [...]