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Residential Statistics: Home Sales for Gold Hill & Rogue River, OR November to January 2012

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

GOLD HILL & ROGUE RIVER, OREGON

Gold Hill was founded in the early 1800's by miners looking to make it rich shortly after a large gold nugget was found. The town's fathers bought and sold land, traded and homesteaded until the town became what it is today. The City of Rogue River, just off Interstate 5, is nestled along the banks of the famous Rogue River in southwestern Oregon. Perched at an elevation just 1,000 feet above sea level, the city is in the heart of a region where three mountain ranges meet. These three ranges - the Cascades, the Siskiyou, and the Coast Range - meet in the Rogue Valley to create an enviable climate. Warm, dry summers with cool evenings, and moderate winters provide an opportunity to enjoy country living at its best.

 

Statistics from November to January 2012

 

79.6% of the residential properties that sold from November 1 to January 31 2012 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 1,290 houses. 15 were sold in Gold Hill & Rouge River for an average of 62 days in the market, getting a median price of $85,000 with a -25.8% increase from last years’ quarter period of $114,500.

The number of Gold Hill & Rogue River foreclosures (reo's) is 9 with a median price of $92,000. The number of Gold Hill & Rogue River short sales is 0.

 

 

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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