Talent Oregon - Not So Hidden Gem Anymore

Dated: 07/06/2018

Views: 104

Use 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. 

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