Happy New Year 2012! I hope that you had a wonderful and joyous Christmas and celebrated New Years in great fashion. Cathy and I had a blast at the Rose Bowl with 50,000+ of our closest friends. The win by the Ducks was so sweet. (it was 95 years ago that the Ducks won their last Rose Bowl).
I just finished reading an article in our local paper that took a look at area businesses that have not only survived but thrived over the past few years in our tough Douglas County economy. WOW…good news for a change. The article highlighted many small businesses that have added staff to their companies to meet their growing demand and also featured businesses that have expanded their companies into the national and international marketplace.
In Real Estate, the housing recovery is occurring nationwide, but at a slower pace then expected according to Lawrence Yun, chief economist, for the National Association of Realtors. However, home inventory is trending downward, pending sales are rising and even though sales prices continue to go down, at least consumers are gaining confidence in the real estate market. People still need a place to live and raise their family and have come to accept the fact that they may or not make money on their home when it is time for them to sell.
Real Estate trends in Douglas County continue downward. Comparing 2010 with 2011, all real estate activity declined. Closed sales went down -4.4%, pending sales fell -3.1% and new listings decreased -17.6% Total sales volume in 2011 was $136 million, down from $143 million in 2010. The average sales price in 2011 was $154,800 v. $155,300 in 2010. There were a total of 878 closed sales in 2011 with Myrtle Creek and South County seeing the most closed sales activity (14 %), followed by the N. Roseburg, (13%) and Sutherlin area (12%).
It seems to me that, even though our real estate prices have not bottom out, our prices are not declining as much as they were just 2 years ago. I feel that Douglas County will continue to grow because of our climate, our location on 1-5 and our boundless recreation activities. We all live a good life in Douglas County and more people are discovering us.
Please remember all our military personal and their families in your thoughts and prayers. Have a wonderful and loving Valentine’s day with your family and loved ones.