4278 W Main Street Medford, OR 97501

New Listing! Opportunity Abounds With This One Story Farm House on 8.54 Irrigated Acres, Just Minutes to Jacksonville | $499,000 | Whether your dream is a produce stand, family farm or vineyard, this property has location, location, location! From the minute you enter this 3 bedroom, 2 bath 1742 sf home, your eyes are drawn to the beautiful pastoral views and you feel a million miles away. The home has been beautifully updated and enjoys pastoral views from almost every room. The property is fenced and cross fenced with vinyl fencing. The property features a large pole barn, 2 car garage, and shop. Seller financing may be available with a large down. Bring your family and your dreams!

50 Lloyellen Drive Rogue River, OR 97537

Attention retirees, first time homebuyers, and families! This listing is for you! | $349,000 | This single story Rogue River home is perched on just under a half acre on a quiet cul-de-sac with plenty of off street and RV parking! House features a flowing floorplan, hardwood flooring, vaulted ceilings in the living room and in the oversized master, 2 car garage, big kitchen with island and plenty of cabinet space, as well as formal and informal dining. Outside you’ll find a large back deck with hot tub, mature landscaping with large trees for shade in the summer, plenty of space for gardening, and an overall relaxing feel with views of surrounding mountains. Great neighbors, brand new roof, plenty of water from the well, and regularly maintained septic system makes this listing a no-brainer!

Upper Applegate Road Jacksonville, OR 97530 

New Listing! Build Your Estate in the Applegate Valley! | $298,000 | Located in Southern Oregon’s wine country, this 5.45 acre lot has a moderate slope, creating an ideal setting to take advantage of the sweeping valley and mountain views. Backed by thousands of acres of BLM, this property is perfect for the outdoor enthusiast. Come check it out today!

525 Hugie Lane Eagle Point, OR 97524 

New Listing!
Exquisite Craftsman Home For Sale | $569,999
 | Nestled on over 5 usable acres that could easily cater to your equestrian needs, this stunning craftsman style home is sure to impress! Upon entering you’re greeted with an open floor plan, vaulted ceilings, soaring windows and 154 year old reclaimed white oak floors. The kitchen features knotty alder cabinetry, quartzite counter tops, farmhouse copper sink, double wall oven, and a pot filler faucet. The split master bedroom plan offers privacy w/an en-suite that showcases a marble shower, & his/hers dual vanities. Other amenities include a laundry room which doubles as a mud room, colored decorative stamped driveway, exposed aggregate concrete back patio, 3 car garage, 2 hot water heaters, water purification system, foundation built for future second level addition. 400 AMP breaker main is ready for a shop!

120 Hangman Way Jacksonville, OR 97530 

$599,000


New Listing!  From the moment you arrive at this Private Jacksonville estate, just minutes from downtown, you’ll feel you’ve found your dream home. The 0.54 acres grounds give you plenty of room to garden, entertaining and play. The driveway leads right to the main level of this 2304 sf home. Inside, the great room welcomes you with a gas fireplace, breakfast bar, and Glass doors leading to a large deck for entertaining and enjoying the gorgeous views. A large living room with soaring ceiling opens to loft above. Everything you need is on the main floor, making for easy living: the master suite features, a corner jetted tub, walk in closet, make up vanity and door to deck and hot tub area. The main floor also boasts a laundry room and office, as well as easy access to your over-sized garage with extra storage. A second and third bedroom with bath on the upper level allows privacy for guests, teens, or in-laws. Bring your dreams and enjoy the Jacksonville way of life.

 

3013 University Road Grants Pass, OR 97527

The living is easy in one of Oregon’s premium 55+ Communities | $299,000 | Horizon Village is a beautiful community located near downtown Grants Pass designed specifically for active adults over the age of 55. Horizon Village states, This is not your typical Oregon Retirement Community. Enjoy the proximity to Three Rivers Hospital, Rogue Community College, shopping and much more that Southern Oregon has to offer. Included in the HOA fees are the well-appointed clubhouse, full landscape maintenance, community water system, on call security, and community-wide WiFi.The floor plan encompasses three spacious bedrooms with plenty of room for study, sleep and storage, two bathrooms, and a open and bright kitchen that flows through to the dining room and private rear patio. Perfect for a person seeking a stress free life style while living in the gorgeous Rogue Valley. Call today for your own private tour!

388 Candis Drive Eagle Point, OR 97524 

New Listing! Ranch Style Home with RV Parking in a Charming Neighborhood | $259,900 | This lovely ranch-style home with RV parking offers an open concept feel from the moment you walk in. The spacious family room boasts a vaulted ceiling and recessed lighting that opens up to the eat-in kitchen and dining area – perfect for entertaining! Buyers will appreciate upgrades such as new carpet in the living room and bedrooms, new laminate in the kitchen and hallway, and recently painted interior and exterior. This floor plan offers spacious bedrooms, and a master suite with vaulted ceiling and walk-in closet. The low-maintenance back yard offers a newly extended patio with plenty of landscaping possibilities. Both the front and back yards have covered concrete patios to extend the indoors out. This home is clean and easy to show. Call today!

2069 Knowles Road Medford, OR 97501

New Price!!!  Gorgeous, Immaculate Home & Shop on 4.66 Acres – TID Irrigation | $699,000 | This immaculate, tastefully renovated contemporary rural home on approx. two irrigated acres with a huge shop and RV parking invites comfort while providing unobstructed views of the Rogue Valley. The open layout boasts beautiful hand-scraped wood floors, vaulted great room ceiling, and updated windows throughout, exuding a light & airy feel from the moment you walk in. The professionally-designed gourmet kitchen offers built-in bench seating, gas cooktop, and tile counters with glass inlay, and allows for an easy flow to the covered front porch – the owner’s favorite place to take in the incredible views. The sunken den with travertine surround fireplace, gorgeous built-ins, and French doors to the backyard provides a peaceful environment to work or read a book. The guest bedrooms and stunning master suite are conveniently situated opposite of the entertaining areas. Perfect for the most discerning buyer looking for a peaceful setting just minutes to town. Seller is licensed in OR.

475 Wagon Trail Drive Jacksonville, OR 97530

$399,900


Well-constructed home with unique, classic, traditional characteristics and a NEW ROOF located just outside Jacksonville! This is a rural property and woodsy home favorably priced for the value. Private setting on over 11 treed acres, features 4 bedrooms, 2.5 bathrooms, vaulted wood ceilings, wood burning rock fireplace, Ikea style kitchen, granite countertops, island, and pantry in kitchen, large bedrooms, and lots of sunshine through the windows and skylights. This house is a window to the woods while still being only a few minutes from downtown Jacksonville. WR zoning secures lower property taxes. Property is treed and sloped, with little flat, usable land.

Summer Smoke Hits Higher End Homes Hard

In an article two months ago, we talked about how the real estate market was being negatively affected by the smoke and repeated closures of interstate 5. Now that summer has ended, we can look back and survey the actual effect the fires had on our summer home sales.

Since 2013, the real estate market in Jackson County has seen year over year growth in both the price of homes and the number of homes sold. 2018 will most likely be no different, except that the pace of growth will be slowed down due to poor summer sales. If you look at this summer’s sales, July 1st through September 30th, the number of homes sold decreased by almost 15% compared to last summer. The decrease came in the higher end real estate markets, mainly Jacksonville, Ashland and East Medford. These are areas of higher end homes that cater heavily to out of state buyers. Jacksonville was the worst hit with 46% less homes sold this summer than last summer. Not everyone saw home sales decline as we had very healthy increases in homes sales in West Medford, South West Medford and areas of lower priced homes catering more to the local buyers.

Home prices this summer increased an average of 4.5% over last summer. This number represents one of the lowest increases we have seen in a while and, again, areas of more expensive homes were harder hit, some seeing a price decline. The median price of homes in Jacksonville fell by 4.1%, Ashland fell by .6%, and East Medford increased by only 3.4%. In areas of lower priced homes, we saw some drastic price increases this summer with North West Medford increasing by 25.5%, West Medford increased by 16.2% and White City increased by 9.2%. The overall median price of a home in Jackson County has increased over 43% the last 5 years and is currently at an all-time high of $290,000, with it likely to hit $300,000 by the end of the year.

To sum it up in one sentence, this summer brought increased home sales and higher prices for lower priced homes and lower prices and lower sales of higher priced homes. The local home buyer continued to shop for homes but, by all accounts, the out of state buyers chose to stay home.

The question now is how quickly the higher end housing market will recover from a smoke filled summer. We hope there isn’t much long term effect to our market but we do know some of our clients have decided to retire in other areas with fewer forest fires. We also are seeing some first time home buyers that are getting squeezed out of the housing market by rising interest rates.

On a positive note, the economy is doing well, our area is growing in population, we have full employment, and 10,000 baby boomers are hitting the retirement age of 65 every day. Many of these retirees are deciding to retire to areas outside of where they are currently living that are less crowded, less expensive, and offer more activities. Southern Oregon is perfectly positioned to take advantage of the exploding number of retirees, as long as we can curb the fires.