La Grande Oregon Foreclosure Update | La Grande Real Estate

By
Managing Real Estate Broker with Blue Summit Realty Group 200611271

La Grande Oregon Foreclosure Update August 2011 | La Grande Oregon Real Estate | Union County Homes For Sale

August 2011

Luckily for home owners and Realtors alike, La Grande Oregon's Real Estate market is not saturated with foreclosures.  In fact, at this point foreclosures in Union County's real estate market account for less than 5% of the homes currently listed for sale.  This has allowed pricing on homes in La Grande and other cities in Union County to remain reasonably stable.

Elgin Oregon is currently the worst hit with foreclosures in our area.  Elgin has some acreage foreclosures and short sales currently for sale.  However, these homes do not have a tremendous effect on La Grande's acreage real estate market, because due to distance to the Grande Ronde Hospital and Eastern Oregon University, Elgin is not as desirable an area to the professionals that can afford the higher priced acreages in Union County.

I do maintain an inventory list of La Grande and Union County Foreclosures For Sale, although they are not always the buy that the consumer is expecting.  Feel free to contact me if you have questions regarding the Union County Real Estate market.

Jeff D Clark

jeff@jeffdclark.com

www.JeffDClark.com

541.805.8274

"Your La Grande and Union County Real Estate Specialist"

Comments (2)

Paul Gapski
Berkshire Hathaway / Prudential Ca Realty - El Cajon, CA
619-504-8999,#1 Resource SD Relo

yes they look so nice but Foreclosures are such tough on to stomach.

Sep 18, 2011 05:23 PM
Phil Hillerman
Crye-Leike Realtors® - Rogers, AR
Crye-Leike Realtors®

Hi Jeff, I am glad to hear your market is doing well! Have a great day.

Sep 25, 2011 04:51 AM