Every once in a while, I fall down a statistical rabbit hole. And today was one of those days. I had another agent who was trying to figure out how to explain to their client about why the low
Talent Oregon - Not So Hidden Gem Anymore
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.