Residential Statistics: Home Sales for West Medford, OR

WEST MEDFORD, OREGON

Medford is a city in Jackson County, Oregon, United States. Based on the 2010 US Census, the city had a total population of 74,907 and a metropolitan area population of 207,010, making the Medford 4th largest metro area in Oregon. Medford is located approximately 27 miles (43 km) north of the northern California border at 42.3°N. Medford's climate is considerably warmer, both in summer and winter. Summer often includes as many as ninety days over 32 °C, with temperatures over 38 °C common in July and August. Medford's economy is driven primarily by the health care industry. For recreation and parks Medford have some like the Alba Park, Bear Creek Park, Roxy Ann Peak and Prescott Park, and the Vogel Plaza.

Statistics from March - May 2011

43.5% of the residential properties that sold from March 1 through May 30 this year were "FORECLOSURE (REO’S) sales”, totaling 224 FORECLOSURE (REO’S) houses all over Jackson County.

Total active listings for the Jackson County reached 1,620 houses. 49 were sold in West Medford for an average of 68 days in the market, getting a median price of $80,000 with a 17.5% drop from last years’ quarter period of $97,000.

The number of West Medford foreclosures (reo's) is 31 with a median price of $79,250. The number of West Medford short sales is 8 with a median price of $78,500.

If you or someone you know is looking to buy or sell in Southern Oregon, contact JARED HOKANSON for a free consultation.

Median Price means the midpoint, with half of the sales being above and half below the listed number; it is not the same as average. Median prices reflect overall market trends and are not a measure of pricing for individual properties. Small sampling sizes can lead to wide variances in year to year comparisons. “REO” means Real Estate Owned, indicating bank or mortgage company ownership. “Short” stands for Short Sale, where third party approval is required for the transaction.

Statistics are based on reporting by REALTORS® to the Southern Oregon Multiple Listing