Zillow and Jackson County Real Estate

I am just a little amused by Zillow at the moment. I just watched a tutorial video about the accuracy of the Zestimate, and found that they keep track of how accurate they are on a state by state, and county by county basis.
So obviously I go to see how Jackson County Oregon rates…and wow…Zillow [...]

Seller’s Market under $200k—but not over

I’ve been looking at the added sales volume we have had in the Rogue Valley lately, and hearing stories (and experiencing) multiple offer situations. It has been feeling like a seller’s market in many ways. However, it all seems to be in the lower price range. So I just ran a few numbers.
For the record…the [...]

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 [...]

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 [...]

Short Sales Success in Southern Oregon

I have been tracking for close to a year the properties that are listed as short sales in Jackson county.
Short sales for those who don’t know are properties that are for sale that the proceeds of the sale if the seller gets market value are less than what the seller owes on the property.
I was [...]

Jackson County Statistics

These are the statistics of houses that have sold in the last month in Jackson County.
If you note, 30% of houses still sell within the first 30 days of being listed….and 68% sell in the first 120 days.
This goes to show the importance of initial pricing.
 
Of the homes that did sell, Jackson county sellers and buyers [...]

Ashland and Medford Oregon Real Estate Stastics show the Bottom of the Market Is Now

Okay, that headline was just meant to get you into the blog to read it. It is not really possible to know when the bottom of the market is, until 6 months after it has come and gone.
 
I will try to figure out a better way to insert graphs into my blog. However, if you [...]

First Time Home Buyers are loved by cool Uncle Adam

I have been looking at the prices of homes in the local market and am seeing the opportunity to get first time home buyers into homes. There are loan programs out there still that help first time buyers get loans. FHA has a good loan that requires only 3% down. There is a Rural Development [...]

Statistics for Jackson County

Here is the chart that will be published in the paper this week.
May through June Statistics
It is more of the same. As has been noted all year with the statisics, there has been a sharp drop in the number of houses being sold this year as opposed to last year.
 I know to some people, when [...]