Below are some of the recent statistics posted by the Southern Oregon Multiple Listing Service (Ashland & Medford Oregon area). These statistics compare July 2008 to July 2009:
The Months Supply of Inventory in all areas have gone down. Overall Jackson County's supply has gone down from over 14 months supply to 8 months supply. The number os homes for sale in Ashland has gone down from over 18 months to about 10 months supply. The number of homes for sale in East Medford has gone from 14.5 months to 8 months, and West Medford from 9 to 5 months. Good news for sellers.
Pending home sales in Ashland have gone up from 23 to 28 in this time period, East Medford declined from 47 to 46, West Medford increase from 27 to 52!!, and the county overall saw an increase from 155 to 201 sales which is approx. a 30% increase in the number of sales.
According to an article in RIS Mediahousing affordability continues to be near highest level in 18 Years. RIS media says "The HOI showed that 72.3% of all new and existing homes sold in the second quarter of 2009 were affordable to families earning the national median income of $64,000, down only slightly from the record-high 72.5% during the previous quarter and up from 55.0% during the second quarter of 2008."
Most experts equate the affordability to be related to low interest rates and the first time home buyer's credit of $8000. I personally believe all of this is true based on my experience as an agent in Ashland and Medford area. In some cases, I am seeing home prices at their 2001 or 2002 price level.
Although inventory has come down in the last year, there are still many choices for buyer. You can log unto my webpage at www.ashlandprowest.com and use the new easy property search to look for you home.
Also on our website is a link to JackStats which provides local home sales statistics.
A recent Internet posting by RIS Media stated that "homeowners are more optimistic than ever about the future values of their homes, with 81% of homeowners believing their own homes' values will not decline in the next six months- the highest percentage on record since the first quarterly Homeowner Confidence Survey, which was fielded in the second quarter of 2008. Meanwhile, only 19% of homeowners believe their own home will decrease in value over the next six months."
It is good news for all of us that the general public is no so down in the dumps as they were last year, but I not sure I fully agree. Homes are selling now because interest rates is great and the $8000 tax credit, but the credit will be gone soon and interest are sure to rise some.
I think that people are confident enough to be buying houses, but that prices will remain close to what there are now for the next year, and we won't see significant price increases for a few years.
Read more: http://rismedia.com/2009-08-18/optimism-grips-homeowners-81-think-homes-value-will-increase-or-stay-same-in-next-6-months/#ixzz0OeGrOcRi
If you are not active in the real estate market, you might have missed something kind of big. It is not a buyer's market if you are trying to buy a home under $200,000. It is rare to find a home that has not gotten multiple offers or sold immediately if priced right.
We have about a 4 1/2 months supply of homes on the market in the Ashland, Medford area. A six months supply is an average market. More than that is a seller's market and less than that a buyer's market. This is the average. If you are a buyer right now in this price range, you already know this. How many homes have you written an offer on and did not "win"?
Also I am finding that many time the offer is for over the listed price!! It is almost like 2004-2005 in this price range.
Sorry to say, though, once you get over $300,000, this all changes....and if you are over $500,000...Well it is not much different than 2008.
The time to buy was 6 months ago. Sorry all of you that were waiting for the bottom. You missed it if you were looking under $200,000.
Below is the Residential Statistics for Ashland, Medford, and the Rogue Valley complied from the Rogue Valley Association of Realtors.
As you can see the number of closed sales in the Ashland and Medford area have increase and the amount of homes on the market for sale have decreased.
The chart below shows the number of pre and post foreclosure home sales. Countywide these sales make up about 43% of the closed sales. For more information,
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I have built my reputation on providing top-notch customer care & knowledgeable service as a Realtor. Whether you are a Buyer or a Seller in Ashland, Medford, or Mexico, you can expect the very best!
Hi, I am Krista Bolf, if you are looking for an experienced and knowledgeable Realtor in Ashland or Medford area, call me.
Selected by my peers as the 2009 Rogue Valley Realtor of the Year Award winner. The winner must have high ethics and be cooperative with fellow business practitioners, volunteer, and have advanced education skills. Only one winner a year out of over 850 Realtors.
If you want to visit my local website http://www.ashlandprowest.com you can find our more about me and the Ashland/Medford area.
Wouldn't you want to look for an experienced real estate agent in Ashland or Medford? I have been a licensed Realtor in Oregon since 1994 - Licensed in California 1990 to 1994. Homeowner since 1986. Involved in over 500 real estate transactions in and around Ashland and Medford, Oregon.
Interested in International Real Estate experience? Want to buy or sell in Mexico or other places? I own a Mexican corporation so I can sell property in Mexico- International Corporation de Inversiones . Look for good advice and Check out my international properties at:
http://www.BuyHomesinMexico.net
I am also a member of these international real estate associations
-AMPI-Association of Real Estate Professionals
- TRC-Transnational Referral Certified Agent, Subscriber Member of www.WorldProperties.com
Wouldn't you want a Realtor with Education? some of my education and training includes:
- ABR -Accredited Buyer Representative Advanced Training Specialized Buyer Agency training www.rebac.com
- CRS -Certified Residential Specialist Less than 5% of Realtors nationwide achieve this special training www.crs.com
When I refer my clients to other agents in other areas, I make sure that the agents have at these designations. These designations mean they are serious about their business and real estate is their career not a part time job.
Wouldn't you want to look for an Ashland or Medford area agent that knows her stuff well enough to teach it to others? I am a certified trainer for the ABC's of Home Ownership, and I also teach the basics of What is a Short Sale? , and the How to's of Buying Property in Mexico. I am a member of the National Association of Realtors cadre of international speakers
I think Home onwership is imprtant for all people so I volunteer with a group that makes this happen. - Ashland Community Land Trust President 2002,2003, 2005,2006
Do you want to know about schools? I have 4 children and they have gone to schools in Orange County, CA; and Ashland and Medford, OR.
Is it true that Oregonians don't want Californians to move here? No, as long as you don't Californicate our state, you are welcome. In fact, in Southern Oregon we have a saying.... When did you do time in California? Most of us have lived in previous lives in California. I lived in Los Gatos until 1978 and Newport Beach/Costa Mesa until 1993......Not that I would go back, but that is another story.
MY LISTINGS
This is one of my listings north of Cabo San Lucas - Click on to see virtual tour
Look at Propery in Southen Oregon!
Having worked in the real estate and finance industry since 1983, I have been a real estate broker specializing in first time home buyers from 1997-2005, the referral partners I work with are chosen very carefully. When I spend hours working with a first time homebuyer preparing for their first home purchase, I believe it is critical that their Realtor be extraordinarily knowledgeable, professional, ethical, and caring. These traits describe Krista Bolf perfectly, and I am thrilled to be able to refer people to her, from the first time home buyer to the luxury home buyer/seller to the sophisticated investor, knowing they will be working with one of the best Realtors in Oregon. ~ Karen Cooper - OR/CA Mortgage Consultant -
Krista, I just wanted to thank you for all you did to help me in my home search. You are so good at what you do!! J. Jay
How do I begin to tell you how mcuh I appreciate all the efforts you've made on my behalf? Beyond your professionalism, your endless patience, your endurance, my long-winded stories, your tolerance of my undoubtely repetitious questions...Thank you so much. JC
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