New Home Construction is Down, What’s Happened? ….That’s part of the this week’s Real Estate Show Radio and You Tube Show. Brad Bennington, Pictured R, CEO of the Southern Oregon Builder’s Association joins Guy Giles, of Bank 34 Mortgage, Pictured left.
In Jackson County, new home construction was down 30% from the previous year, April-June period. For Josephine County, only six new homes were built and sold during the same period. Prices are still up but volume down. Hear the inside story, KCMX AM 880, Saturday, July 28, 10 am. Guy and Brad have been on our show many times and bring expertise in new home construction and new home and construction loans. Join us Saturday.
Last Week’s Activities: July 18-25, 2018 JACKSON COUNTY
NEW LISTINGS: 92 Range: $90,000 at 20 Barton Rd, Eagle Point to
$2M for 260 ac at 5943 Highway 234 Jacksonville.
PENDING SALES: 84 Range” $125,000 at 125 Mallory Rd Shady Cove, to
$2.1M, for 681 A Street in Ashland a commercial building.
CLOSED SALES: 70 Range from $95,500 for 64 Nick Young Rd. Eagle Point to
$685,000 for 7132 Old Stage Rd Central Point, took nearly one year to sell.
Is the smoke affecting real estate activity? As of last week the number of showings seemed to decline. Agents report clients cancelling trips to view property from out of the area due to smoke. The MLS stats show Keybox openings by agent. The big drop, is the July 4 Holiday.
COMMERCIAL REAL ESTATE UPDATE: There is a lot going on in commercial real estate activity according to Frank Mania, Sales Representative at Ticor Title.
He tells us about building activity at the North and South Medford Interchanges, who is coming in the future with new businesses and more. Frank follows this activity and intensely and reports economic activity is strong. Frank appeared on last week’s Real Estate Show. So if you missed, watch it anytime.
How to Clean a Deck: A Guide to Deck Maintenance. Now is a good time to clean your deck. I found an easy way to do it and make your deck look great.