EAGLE POINT, OREGON
Eagle Point, Oregon is a community of 8,700+ residents located in the Upper Rogue River Valley in Southern Oregon, approximately 10 miles east of Interstate 5 and northeast of Medford along State Highway 62. Eagle Point is only 40 miles from the California/Oregon Border and 50 miles west of Crater Lake National Park. The community is the “Gateway” to several mountain lakes in the region including Crater Lake. The community was incorporated in 1911.
Statistics for October to December 2011
68.5% of the residential properties that sold from October 1 through December 31 this year were "FORECLOSURE (REO’S) sales”, totaling 114 FORECLOSURE (REO’S) houses all over Jackson County.
Total active listings for the Jackson County reached 1,310 houses. 22 were sold in Eagle Point for an average of 153 days in the market, getting a median price of $155,250 with a -25% drop from last years’ quarter period of $161,500.
The number of Eagle Point foreclosures (reo's) is 3 . The number of Eagle Point short sales is 5 with a median price of $159,500.
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
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