In the last few months, we have seen an explosion of hemp fields being planted along every road you drive as hemp quickly becomes the largest agricultural crop, surpassing pears and vineyards, in Southern Oregon. Based upon statistics from the Oregon Department of Agriculture, Jackson County has 8,578 acres […]
Southern Oregon has had a great summer with beautiful weather, lots of sunshine, and only two days of thunder storms that produced lots of rain but no significant forest fires. This beautiful weather usually brings lots of “out-of-state” home buyers, but this summer, home sales are […]
For years, we have helped retirees find their perfect retirement home in Jacksonville. It’s very enjoyable seeing their excitement as we tell them all about Jacksonville and Southern Oregon. Most of them have come from out of state so there is lots of education that goes […]
Every month, I read the real estate sales statistics in the Mail Tribune provided to them by the Rogue Valley Association of Realtors. All the numbers are averages, or medians, calculated for the last 90 days. Overall, they are reporting a seller’s market which means limited […]
If you just finalized your 2018 tax return and you’re now focused on how to “legally” lower your tax rate for 2019, you should read on. There are lots of tax benefits of being a landlord, most expenses are tax deductible, from finding tenants to […]
The Southern Oregon real estate market has seen some bumps and bruises since the west coast erupted in fires last summer. We began this year with a very slow and weak market and then it exploded. Here is a quick review of the Good, Bad […]
Oregon enacted the nation’s first statewide rent control measure on February 28th, 2019, handing a victory to those who say low-income people are squeezed by the housing crunch in many major US cities and believe rent control is the answer.
On the other hand, landlords and developers argued that rent […]
A lot of outdoor enjoyment was lost last summer due to the smoke-filled skies in our valley, but what is noteworthy is how few homes have been destroyed by forest fires in Southern Oregon compared to the homes lost by fires in California. Every summer, we have many lightning-caused […]
As we look at the year-end housing numbers in Jackson County, they look very strong but they don’t necessarily tell the whole story. We ended 2018 by increasing the median price on existing home sales by approximately 6%, new home prices approximately 11%, rural home prices rose about 5% […]
Many were surprised to see the median price of a home in Jacksonville hit an all-time high of $578,500 for the last 90 days, ending October 31. Not only is this a record, it exceeds the median home price of Ashland which has held the record for highest […]
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 […]
Most people don’t know what a Reverse Mortgage is; and, because they are relatively new, there is a lack of understanding. The reality is that Reverse Mortgages (RM) may be an answer to one of the biggest economic problems facing us in the United States, which is that many […]
2018 started out with a bang and we saw the median price of a home in Jackson County increase to $285,000—up from $194,500 in 2013. This means the average home has seen its value increase $18,000 a year. The number of homes sold has also increased this year by […]
Southern Oregon has attracted retirees for years with its four seasons, culture, wine industry and outdoor activities, all combined with great healthcare and affordable housing. For the last sixteen years, we have been helping hundreds of people find their perfect retirement home and along the way we have learned […]
Last weekend, we had a great time in Ashland. It was a date night and we had dinner at MAS, a new restaurant serving a pre-fixed, eleven-course dinner with a pairing of Sake or Wine. After that, we stayed the night at the historic Ashland Springs Hotel. When we […]
Often, we get asked how to increase the value of a home before selling it. Sometimes the answer is simple, and sometimes the answer is more complicated, especially if the seller is interested in investing a little time or money. There are some improvements that increase the value of […]
My background in investments had been my 401K and my personal stock portfolio. Thirty five years of my life was spent in the High Tech industry so that became the majority of my stock portfolio. I have seen my high tech stocks double, triple and then crash! It wasn’t […]
Happy New Year! 2017 was a great year for Jackson County real estate. The median sales price for existing single-family residences climbed 10.3 percent last year to $264,700 following a 6.6 percent increase to $239,900 in 2016. The median also surpassed the previous high of $259,000 from before the […]
#1. My House is Worth!—There are only two people that ultimately determine what a house is worth—the buyer and the appraiser. To determine a home’s value, many owners add up what they have spent on their house, add what they owe on their house, look on Zillow, or […]
Now that the leaves are falling, you know snow and freezing temperatures are soon to follow. Here are 9 good ideas to implement before winter to prevent costly home repairs.
Rental prices have been increasing since the real estate crash in 2007, but home prices didn’t begin to rebound until 2013. Rental prices are now running at an average of $1 a square foot for a suburban home in Medford and higher in Ashland and Jacksonville and for rural […]
Home prices soared over the last 5 years with the median price of a single family home in Jackson County increasing from $176,000 at the end of 2012 to $282,500 as of August 2017, yielding an increase of over 60%. The increase in the median price is only part […]
Southern Oregon, as well as most of the nation, is experiencing a record-low inventory of homes for sale. Matched with strong demand, prices are being driven up. One would think that all properties on the market are faring well, but it always goes back to supply and demand—and not […]
I just left the title company where our clients picked up a $61,000 check—the proceeds from selling their house. What makes this such a great story is how young and financially smart this couple has been. I first met this twenty-something couple, two and a half years ago when […]
We just got back from a week-long real estate conference in Las Vegas. We hadn’t been there in a while and I was quickly reminded of what man has built in the Nevada desert. It’s a strange combination of fantasy hotels, 5-Star restaurants or buffets, carnival rides, gambling, world-class […]
We just posted four articles to our blog, (expertprops.com/blog) from major publications—all focused on Southern Oregon. One article has Ashland listed, and another has Jacksonville listed, as the top towns in the US to visit. The other two both talk about our wine industry—one noting the awards we received […]
According to a 2014 survey by the National Association of Realtors, 83% of people view their home as a good financial investment. Not only is their home the biggest single asset they own, it’s also filled with family memories—the average seller has lived in his house for a decade, […]
When you look at home values, you get a better picture if you look at long-term trends and not short-term trends. Quarterly home prices go up and down, but yearly growth and long-term growth give you a much better picture of where the market is headed.
Home values in Jackson […]
Now that the leaves are falling, you know snow and freezing temperatures will follow.Here are 9 things to get done before winter to prevent costly home repairs.
There’s nothing easy about moving but there are some tips that can make moving easier. I have been a Realtor for 15 years and have watched 1,000+ clients move. I’ve also helped friends and family, and have acquired a lot of ideas that make the process smoother.
Here’s 6 tips […]
Do you have enough for retirement? Financial planners usually use the “25 Times Rule” to determine how much a portfolio should be worth for someone to safely retire. If you need $50,000 a year to live on when you retire, then, using the “25 Times Rule” you should have […]
Being so involved in real estate, we look at sales numbers and home values every month, quarter and year. Sometimes the numbers go up and sometimes the numbers go down, but if you look at the numbers over a longer period of time, they tell a clear story. In […]
Rental Market—The rental market has gone crazy in the past few years with three inter-related trends that have impacted the rental market and caused rents to skyrocket in Southern Oregon and throughout the United States.
The first is the rapidly-growing population. There has been very little building during the recession […]
We recently had an unexpected opportunity to visit Panama, a country we only knew for the canal, Panama hats, the Van Halen song and recent tax invaders. What we found were ships of all types lining up to sail through the canal, a rain forest, and the perfect place […]
I just left a private tour of the historic 1100-seat Holly Theatre in Medford and I couldn’t help to think how this area has grown and what an amazing combination of live theater, wineries and outdoor activities we offer. No wonder we were just voted one of the “10 […]
Over the last 5 years, the median price of real estate in Jackson County has increased 55.6%! What makes these numbers even better is that most of the price increases have come in the last three years. Homes are selling quickly, pending sales are up and the number of […]
My background in investments in the past has mainly been my 401(k) and my personal stock portfolio. Thirty five years of my life was spent in the high-tech industry, so that became the majority of my stock portfolio. I have seen my high-tech stocks double, triple and then crash! […]
After a ten hour red-eye flight from Salt Lake City, we arrived in Paris in the middle of the day. Getting through customs and walking through a packed airport during the Christmas holidays can be overwhelming, but a packed airport where few speak English is even more overwhelming. You […]
As 2015 comes to a close, we look back at the year in real estate for Jackson County and Jacksonville and take a stab at predicting home sales in 2016.
Jackson County—Great news for all homeowners as the median price of homes sold in Jackson County is up 6.44% […]
Over 36% of all single-family homes in the United States are rental homes and that number is climbing. Home ownership was at an all-time high in 2004 with 69.2% of single family homes occupied by the owners; but, that number has fallen to 63.5% and is expected to continue […]
They’re back! Eight years after the real estate bust, many past homeowners who lost their homes have rebuilt their credit and are back in the market—forming America’s growing ranks of “boomerang buyers.” In the next few years, these buyers will form one of the most important segments of the […]
Our houses are also our homes, so we believe it’s important to be comfortable in your home and have it reflect your personality and your lifestyle. Remodeling your home to your personal likes is important, but it’s also important to look at how much certain remodeling projects yield at […]
Most people don’t know what a Reverse Mortgage (RM) is, and because they are a relatively-new financial mechanism for seniors in the United States, there is a lack of understanding. The reality is that RM’s may be an answer to one of the biggest economic problems facing the United […]
Home prices are rising as our economy continues to improve; retirees are retiring in droves and millennials are moving-out of their parents’ basements and into the housing market. Housing demand is strong and the inventory of homes is low—so home prices are being driven-up. So how do you figure-out […]
Zillow is currently the most popular online real estate site, with 75 million unique visitors a month. Along with active listings of properties for sale, it also provides information on houses that are not on the market. You can enter the address or general location […]
In the first quarter of 2015, the median price of a home in the city of Jacksonville increased 41.1% over the same period in 2014, with the median price of a home selling for $398,500. Jacksonville has now passed Ashland with the honor of having […]
It looks like 2015 will be a great year for sellers to sell their homes and buyers to buy a home! It’s unusual that it’s a great market for both… but here is why.
For home sellers: the number of homes that have resold has increased by 18% and the […]
If you unexpectedly find yourself with a home to rent, you’re what we call an accidental landlord. You never really planned on owning rental property, but maybe you’re facing a job transfer or recently inherited a piece of property. The local real estate market has rebounded nicely and homes […]
2014 Recap—2014 was a good year for the U.S. economy with 3 million jobs added and the unemployment rate dropping to 5.6%, the lowest level since June 2008. We also saw declining gasoline prices and natural gas prices in most of the Midwest and East Coast, all combined with […]
Since the financial crash of 2007, Southern Oregon has suffered high unemployment and little growth; but that all seems to be changing. We have been watching quietly as new homes are being built, businesses continue to move-in and acres and acres of grapes are planted.
Home Building and Commercial […]