Residential Statistics: Home Sales for White City, OR

WHITE CITY, OREGON

White City, Oregon is located about midway between Portland, 280 miles to the North, and Sacramento, 293 miles to the South. Located off I-5, White City is near Medford Oregon, approximately 34 miles north of the California border, and 120 miles east of the Pacific Ocean at Crescent City, California. Located between Medford and Grants Pass, Oregon. White City Climate is approximately 1500 feet above sea level; White City is protected by surrounding mountains and is favored with a mild climate. Nearby is Southern Oregon University, in Ashland, a 4 year institution. Offers extension courses at several locations and Rogue Community College, the Britt festival, Eagle Point Golf Course and more. White City is ever growing and provides plenty of horse property. The Southern Oregon Speedway is close by. Other towns nearby are Shady Cove, Eagle Point, Central Point, Medford, Jacksonville.

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. 27 were sold in White City for an average of 87 days in the market, getting a median price of $94,000 with a 26% drop from last years’ quarter period of $127,000.

The number of White City foreclosures (reo's) is 18 with a median price of $93,500. The number of White City short sales is 4 with a median price of $91,000.

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