Southern Oregon Market Update Sept 1 2021

Southern Oregon Market Update Sept 1 2021

Full Video Transcript Below

[00:00:00] Well, good afternoon, Southern Oregon, Alice Lema here, broker John L. Scott here with our weekly market statistics ending in the week of September 1st, right before labor day, September 1st, 2021.

[00:00:14] So this week, our new listings in Klamath county were 62. Our closed sales for 64 in Klamath county. Our pending sales in Klamath were 60. 17 back on market in Klamath county. Ten cancelled, and withdrawn in Klamath. 64 days on market. Now that's over two months, so we're starting to level off. And then our average sales price in Klamath county this week was $228,000. And we had 92% average price, a closing price, sold price to listing price. 92% this week in Klamath county.

[00:00:55] Josephine county this week had 58 new listings, 47 closed sales inJosephine county. 55 pending sales in Josephine county, 16 back on March, nine canceled or withdrawn. Those are the people that gave up and 25 average days on market. So that's quite a bit shorter than, than Klamath, and, but still, almost a month in Josephine county this week. The average sales price in Josephine county was $477,700. So $477,700 is Josephine county's average sales price this week and a 95% sold price ratio to list price ratio. So 95. Down a little bit, but still, still pretty strong.

[00:01:42] Our Jackson county numbers this week, we had 128 new listings, 125 closed sales. Pending sales in Jackson county this week were 110. We had 29 back on market. That's a lot for one week. And then Jackson county canceled and withdrawn were 29. And then we have 26 average days on market in Jackson county. So getting on closer to a month and our average sales price in Jackson county this week was $471,000, which is actually a little under Josephine county. Isn't that interesting.

[00:02:17] We had a lot of rural properties this week. And then the average sold price ratio to list price ratio in Jackson county was 98% and some change. So getting closer to a hundred. But we're waiting to see that the mandate the most recent mass mandate is slowing things down a little bit.

[00:02:37] We'll probably see that in our numbers starting to be reflected next week. But we can already feel it in the markets. So the video I did for the podcast has to do with kind of a second chance market we're in. This kind of temporary somewhat spontaneous slow down with the listings, so that could make the prices stabilize more firmly, where they are.

[00:03:00] And we definitely have fewer people putting their house on the market. So make sure you check that podcast out today. I think it's got some great tips for both buyers and sellers, how to take advantage of this second kind of second breath of air, if you will. But we want to do it with some caution because we're not repeating the shutdown numbers. We've got some temporing, but definitely another opportunity for both buyers and sellers with our second chance market.

[00:03:29] So watch that podcast. I'm Alice Lema, broker. John L Scott here in Southern Oregon. I want to be your real estate agent. I'm a great listing agent. I'm a great buyer's agent. Do well with investors and investments.

[00:03:41] So give me a call, give me a text I'm around all weekend, except for Monday. At least one day got to go to the lake. Hopefully there's no smoke. Got to have one good lake day, right? For Southern Oregonians, but I'm around otherwise all weekend (541) 301-7980. Give me a call, give me a text. Let me help you out with your real estate.

[00:04:00] Meantime, have a beautiful Southern Oregon weekend. We'll catch you next week. Bye now.

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