The Year in Review!

Southern Oregon MLS and the Rogue Valley Association of Realtors has released their data for 2008. In this document the sales volume, days on market and median home price for 2008 is compared to that of 2007. You can access the report here: http://www.somls.com/docs/2008%20Sales%20Report.pdf

I have run the numbers for residential properties ONLY for January 2009 in the three markets that I am asked about the most. If you have an area you would like me to search for you - by all means, ask - I am happy to provide you with current data. Please remember:* Pending status does not guarantee a closed sale

Here is what I have found:

ASHLAND
2008 - closed sales: 8 - days on market: 156 - median price: 407,000 (*note- a home closed for 1.6 million in 1/08)
2009 - closed sales: 7 - days on market: 107 - median price: 299,000
PENDING: 30!! average days on market: 237 - median price: 459,250 (*note - of those PENDING in Ashland 4 homes are over 1 million, 1 over 2 million and 1 over 3 million!)


TALENT
2008 - closed sales: 3 - days on market: 189 - median price: 316,000
2009 - closed sales: 3 - days on market: 254 - median price: 239,000
PENDING: 10 - average days on market: 168 - median price: 284,500

JACKSONVILLE
ran Pending only
PENDING: 5 - average days on market: 293 - median price: 340,000

I know getting in the game with RE at this point can still seem like a scary venture. But, if you are looking for a home, or an investment property NOW could be a perfect time to make the leap. There are a number of properties available that are priced very competitively - add that to the low interest rates that are still available and you may have a winning ticket. Certain areas of the Rogue Valley also fall within the guidelines of the USDA rural development program and 100% financing can be done. As you would imagine, the guidelines for this are strict, but I have a couple of different Mortgage Brokers I can recommend that can give you the run down on what is needed to qualify.

As always, please feel free to contact me with any questions. I am happy to assist you in any way!

I wish you a VERY good 2009!!!

Kerry

-- KERRY ZOOK, BrokerEco-Broker Certified
Full Circle Real Estate240 East Main Street
Ashland, Oregon 97520541-227-9919 (direct)
Full Circle Real Estate is a Participant of 1% for the Planet www.onepercentfortheplanet.com

make sure you check out the Oregon Buyer's Advisory: www.rea.state.or.us/REA/docs/Oregon_Property_Buyer_Advisory.pdf