Residential Statistics: Home Sales for Talent, OR

TALENT, OREGON

Talent is located in Oregon's beautiful Rogue River Valley, just off Interstate 5. We are located seven miles south of Medford and four miles north of Ashland, in Jackson County. Temperatures vary from 20 to 65 degrees in winter, with occasional fog and snow. Summer temperatures are 65 to 110 degrees, with cool nights. Between 2002-2006 Talent experienced a period of residential and commercial growth. New subdivisions and apartment complexes. During this housing time housing prices increased making it more difficult for lower income working families to become home owners. While several other developments have been approved, construction has slowed down since 2007. It is expected that this will turn around but not in the near future. Housing prices are also stabilizing. The Urban Renewal Agency and the Historical Society meet regularly to discuss ideas for further development, refurbishment of the town, and historical preservation.

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. 12 were sold in Talent for an average of 90 days in the market, getting a median price of $150,750 with a 5.2% drop from last years’ quarter period of $159,000.

The number of Talent foreclosures (reo's) is 4 with a median price of $114,015.The number of Talent short sales is none.

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 Service.