These days in the Southern Oregon real estate market, listings and prices are all over the map. Generally speaking, in this market teeming with uncertainty and overshadowed by a lumbering, slow economic recovery, the properties that sell are the ones that are at bargain basement prices, plain and simple. Often multiple offers come in on foreclosures that are listed for a “bargain-basement price,” and anything priced over 400K is a slow boat sailing toward China.

Given this bleak reality check driven by low-end distressed prices, there is one proven “must sell” strategy. First, determine what you believe is a fair price for the property. Next, determine what your bottom line price would be for the property. Then, decide Continue reading Foreclosures, Bargain Basement Prices, and the Southern Oregon Real Estate Market

My last post promised more information about going green and earning Oregon tax credits, but recent real estate news compels me to write about the latest information from the Standard and Poor’s/Case Shiller index.After 16 months of continuous declines in the national average for home prices of single family homes in the top 20 U.S. real estate markets, the declines have finally ceased. While admittedly the Southern Oregon real estate market is not in the top 20, San Francisco is and the San Francisco area is Southern Oregon’s primary feeder market.

For the last 3 years, homeowners and real estate investors have been asking the same question… Continue reading Home Prices and the Southern Oregon Real Estate Market