Thurston Market Update Feb 2007 - Feb 2008

Thurston, Oregon is east of Springfield heading up the McKenzie River Valley, a little higher end market area than Springfield.  Here are some of the essentials for the period Feb 2007 through Feb 2008, according to RMLS residential data.

Of 572 total units listed, 282 sold, at an average sale price of $234.4K against an average list price of $258.3K.  290 unis remained on the market. Average days on market generally increased across the one year period, from 60 in Feb 2007, to 106 in Feb 2008, averaging 75 days for the year.

Thurston is a growing market, as the new PeaceHealth hospital starts hiring, and the Springfield area becomes a home for new call center facilities. It is also the Willamette Valley gateway to the beautiful McKenzie Valley.  Despite all the reports of doom and gloom in the US real estate market, this area, along with the entire Eugene/Springfield area, continues to be a very active market, with homes priced right and marketed effectively still selling!

John & Susan Gray, McKenzie Valley Realtors