As a real estate Principle Broker in Ashland, Oregon, I pride myself on knowing the Ashland real estate market inside and out. I watch sales, inventory, and prices, so I can give you the best information possible as you sell your current home or buy your new one.
Ashland Real Estate 2nd Quarter 2013 Statistics
I recently checked on the statistics for our the Ashland and Rogue Valley housing market and I wanted to share some of the good news with all of you. This data compares the 2nd quarter of 2013 with the 2nd quarter of 2012. These are the findings:
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greater activity and fewer days on the market
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averaging 59 days, compared to 76 last year
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most of the Rogue Valley experienced price increases
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average increase of 17.7% county-wide
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higher inventory of homes in Ashland this quarter compared to last year
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less inventory in Talent, but a good sign in that houses are selling so fast here
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Talent, Oregon more than doubled home sales for the last quarter
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and the days on the market dropped to 67 from 96 last year
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Distressed sales dropped
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only 1 distressed sale each in Ashland and Talent last quarter
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What does this mean for you?
Home prices are beginning to go up and interest rates are still very good, making it an ideal time to either buy or sell a home. The most important message I am hearing is that CONFIDENCE IS HIGH for both sellers and buyers.
The drop in distressed sales is especially comforting as well. It is always good to know that people aren’t having to short-sale their homes or forfeit them to the bank for the banks to sell. We like to help homeowners meet their needs in selling their property so they can “scale down” in size and purchase price or make an “upgraded” purchase with respect to amenities and price, a relocation or a first home purchase.
Looking into my crystal ball
I don’t have a “crystal ball” that tells me what the future of the Ashland housing market holds. However, I do watch the market closely enough to make some very well-educated guesses. Speaking specifically to all Buyers, buy this Winter!! Now is a great time! Interest rates are quite low and the Sellers who are selling this time of year generally have more motivation. I am anticipating a burst in interest rates this next Spring.
Should this occur, a Buyer will be paying more for a mortgage than if he/she purchased this Winter. For instance, if rates went up to 5%, that might mean a $200. per month difference, even to someone with only a $200,000 mortgage! So don’t miss this excellent opportunity! Come talk to me today and let’s get your home on the market while prices are up and rates are down, or let’s find your new home for you while rates are more affordable!
All my best,
Sandy