Residential Statistics: Home Sales for Phoenix, OR

By
Real Estate Broker/Owner with Hokanson Realty & Jared Realty Group

PHOENIX, OREGON

Phoenix. Just over the border from California and snuggled in the heart of the amazingly beautiful and culturally diverse Rogue Valley. The community contains a lot of diverse businesses from furniture galleries right off of Interstate 5 to classic diner’s right in the middle of our quaint downtown. Area landscapes offer rivers, mountains, and mountain lakes. Several areas, such as the California Redwoods, Rogue River, Mount Ashland Ski Area, Pacific Ocean beaches, Oregon Caves, and Crater Lake National Park are all just a short drive away. The local arts community offers diverse stage and musical productions presented by Camelot Theatre, Oregon Cabaret Theatre, the Oregon Shakespeare Festival, the Craterian Theatre, and the Britt Festival. All of these local venues offer quality productions.

 

Statistics from March - May 2011

43.5% of the residential properties that sold from March 1 through May 30 this year were "FORECLOSURE (REO’S) sales”, totaling 224 FORECLOSURE (REO’S) houses all over Jackson County.

Total active listings for the Jackson County reached 1,620 houses. 13 were sold in Phoenix for an average of 105 days in the market, getting a median price of $151,000 with a 2.6% drop from last years’ quarter period of $155,000.

The number of Phoenix foreclosures (reo's) is 7 with a median price of $151,000. The number of Phoenix short sales is 2.

 

If you or someone you know is looking to buy or sell in Southern Oregon, contact JARED HOKANSON for a free consultation.


Median Price means the midpoint, with half of the sales being above and half below the listed number; it is not the same as average. Median prices reflect overall market trends and are not a measure of pricing for individual properties. Small sampling sizes can lead to wide variances in year to year comparisons. “REO” means Real Estate Owned, indicating bank or mortgage company ownership. “Short” stands for Short Sale, where third party approval is required for the transaction.

Statistics are based on reporting by REALTORS® to the Southern Oregon Multiple Listing

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