S. Oregon Real Estate Forum, June 13, 2018
Alternative Housing in Southern Oregon
On The Real Estate Show
We talk a lot about alternative housing options for large numbers of people in S. Oregon. However, those options are limited. Yet, after listening to Brandon Thoms, from Rogue Habitat and Matt Vorderstrasse from Rogue Retreat, there are people addressing this issue today. 
They join Shannon Pewtress, former member of the Medford Housing Commission on the Real Estate Show to share some of the news in this area. For example, did you know Rogue Habitat has a 16 unit development underway in Rogue River City? And the fact they are taking applications right now. Vorderstrasse noted Hope Village in downtown Medford is working better than most expected but its still a long away from solving the problem. Enjoy this informative program that will get you thinking about ways we can support alternative housing. Its out there we just gotta keep working at it. The show is available on You Tube and this website.
THE MARKET IS TALKING
Let’s compare the month of May in the market. Last month saw pending sales grow by 19.7%, but new listings declined by 8.2% from a year earlier.
LAST WEEK’S MLS ACTIVITY
Between June 5 and June 12 the latest MLS market stats. Pretty even results it seems for the week with numbers nearly being equal.
NEW LISTINGS: 109 – Range from $100K for a Popular St. condo to $6.8M for 12214 Modoc Rd. Central Point. It includes six homes, 1,110 feet of Rogue River frontage.
PENDING SALES: 110 – Range from $105K for a Popular St. condo up to $865K for a home on Briarwood in E Medford.
CLOSED SALES: 99 – Range from $115K on Table Rock Rd. to the highest sale of the week of $735K on Morada Lane in Ashland.
RURAL PROPERTY SALES DECLINE, SO DOES VALUE
Two years ago, after Oregon’s Marijuana laws passed, rural property sales in Jackson and Josephine counties went on a rampage. If it was EFU land with irrigation rights then sellers were making big gains on selling to the upcoming business people who saw million dollar profits in growing marijuana legally. It appears that those gains as well as sales have declined. Look at this.
Jackson County: March through May
2017 vs 2018
Total Rural Sales 169 117
Days on Market 76 97
Median Price $440K $400K
Change in Value from 2017 – 0.5%
Josephine County: March through May
2017 vs 2018
Total Rural Sales 143 120
Days on Market 72 69
Median Price $307K $317K
Change in Value from 2017 – 0.8%
Finally, parcels 10 acres and over, fell is value 187.% from a year ago, while Josephine County’s large parcels gained in value by 9.2% quite a disparity there. Overall rural properties take longer to sell than others and their values are not rising like the rest of the Southern Oregon Market which grew 7.5% overall in Jackson, and 13.85 in Josephine county.
IDENTIFY, CONTAIN and REMOVING MOLD
This Saturday’s Real Estate Show is about Mold with Ron Gabbart from Service Master of Southern Oregon.
Show is presented by the Rogue Valley Association of Realtors. Learn what mold is, how to identify it and ways to contain and eventually remove it. Mold is a bad things for both buyers and sellers in today’s market. Mold can be a big problem so don’t let it get started in the first place. Saturday, 10 am KCMX AM 880 Radio.
CLEARING PROPERTY? HEADING TO THE LANDFILL? TARP AND TIE YOUR LOADS
It’s true, all law enforcement in Jackson County will be able to ticket you with a $1,000 fine if you’re removing debris from real estate or your home, clearing debris, it must be tarped or tied down. See brochure below. Ordinance addresses those who dump debris on roadways because they haven’t tied them down, which is dangerous to other motorists.
Remember we’re here to answer any of your real estate related questions.
Please feel free to contact us anytime:
Pete 541 621 7036
petebelcastro@johnlscott.com
HAVE A GREAT WEEK!