Home Sale Statistics: August to October 2011 - Ashland, OR

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

 

 

Ashland is a city in Jackson County, Oregon, USA. It is near the California boarder and located south of the Rogue Valley. Ashland is well-known for its annual Oregon Shakespeare Festival that brings thousands of tourists to the city each year. Other than the OSF, Ashland also has the Cabaret Theater and Independent Film Festival which features musical and films every year. Ashland is also known for its parks and recreation areas. This includes Lithia Park which is more than 92 acres, that has two ponds, a Japanese garden, tennis courts, public greens, outdoor stage, and hiking trails. Population in Ashland increases at 2.8% from last year, totaling to 20,078 according to U.S Decennial Census.

 

Statistics from August - October 2011

 

 

89.4% of the residential properties that sold from August 1 through October 31 this year including rural.

 

Total active listings for the Jackson County reached 1,490 houses. 254 houses were sold in Ashland for an average of 117 days in the market, getting a median price of $195,000 with a 3.5% drop from last years’ quarter period of $305,000.

 

The number of Ashland foreclosures (reo's) is 7 with a median price of $207,500. The number of Ashland short sales is 4 with the median of $186,500.

 

 

 

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 Service.

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