S. Oregon Real Estate Forum, August 15, 2018

Hello Friends:   West Coast fires have once again wrecked havoc on communities and people’s lives. In our own valley, the smoke has hung around for more than a month, at times unrelentless.  Fires in Josephine County have done the most damage locally.  Nothing compared to the Carr Fire at Redding, CA. I am not sure you have seen this photo, but it was sent by a friend showing the intensity that engulfed western Redding, a few weeks ago.  Looking at the Sundial Bridge, Sacramento River. Our hearts to go out to fire victims and kudos to those fighting these fires.  Fire insurance is also becoming an issue for many homeowners in forest interface lands.  Its a topic we’ll cover on an upcoming Real Estate Show. It’s not a pretty picture.

A GOOD WEEK IN REAL ESTATE – August 7 to August 14
NEW LISTINGS  –  108   Range $100,000 at 2101 Poplar Dr. condo E Medford.
to $4.8M for 2271 Johns Peak Rd Central Point.  There were five new luxury homes listed last week.

PENDING SALES – 89  Range from $119,000 for 1425 W Main, W Medford.
to $769,000 at 46 Union St. Ashland, pending in six days.

CLOSED SALES – 75  Range from 1559 Brookhurst in E Medford to
$852,000 for 727 Earhart in Rogue River which was a five acre property.
Summary:  for the week, we totaled 164 sold and pending properties compared to 108 listings. Demand remains high across most price categories except in the luxury market.  Are home sales beginning to cool ?   Look at the photo below which says nationally that may be true,  but not in Southern Oregon, not at this time.
THE REAL ESTATE SHOW
Hear the latest discussion on the local real estate market when Trevor Bushey and Craig Blazinski join us on the latest Real Estate Show. Trevor and Craig pictures below are active agent who bring their perspective on market conditions for buyers and sellers.  We go over the latest MLS stats and share insights on where the market is heading.  Consensus, its leveling off with pricing being the single biggest challenge for sellers.  A properly priced home will sell within 30 days in this market.  Don’t over price.
Trevor Bushey and Craig Blazinski at KCMX Studio
THIS WEEK , tune in as Connie Saldana of the Rogue Valley Council of Governments talks about Lifelong Housing in today’s world.  Join us Saturday August 18, at 10 am.  All past shows can be viewed at  www.realestateshoworegon.com    or  youtube.com/realestateshoworegon

I want to wish Denise Freese and Martin Tennison on the successful sale of this lovely home in Central Point. Of all the listings I have had in 10 years, this one was outstanding because the owners maintained it beautifully throughout their 12 year ownership.  It is a 2007 built hom that still looks new both inside and out.  Sale price $436,000 on Kentucky Ct. in Central Point.

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