Used to be that when one couldn’t afford Ashland, that they went to Talent…so they were close to Ashland. While it is cheaper, it is hard to find a house there. And anymore, it just isn’t that much cheaper.
Looking at statistics in Talent, Oregon. There are currently 13 houses for sale with a median asking price of $335,000. 19 houses are under contract with a median price of $298,500. And in the last year, 76 houses have sold with a median sales price of $289,000.
My interpretation of those number is a market that is rapidly appreciating. Or that sellers are feeling the market is hot, and testing the prices. When you have a day on market of less than one month, and only 2 months worth of housing stock available, it is the logical conclusion to see what the market will really bear.
Those ratios show a market that is short on listings.
Of the 13 houses on the market, over half of them have been on less than a month. So it is a little early to tell if the sellers will be getting their increased asking prices or not.
This is just one of the many micro-economic areas in the Rogue Valley.
I specialize in analyzing property values.
So right now if you are looking to sell a home, if it is priced right we should be able to sell it pretty quickly for a fair market price.
Anywhere in Jackson County, send me your address and I will get back to you and help you determine the value of your home.