Add Instant Curb
Appeal With A
Trip To Diamond!
2380 So. 6th Street, Klamath Falls, OR • ph: (541) 885-3535
Housing Market Picks Up- (cont. from pg 14)
The new Pheasant Run subdivision off Homedale
Road and Amberview Lane recently had a tour
of new homes built by Bend contractor Pahlisch
Homes. It’s a significant boost of new homes for
the community, and several are under contract for
sale, too, Haskins said. About 40 people toured the
homes recently, so the interest is there. (Pahlisch
is offering an open house viewing every Thursday
through Sunday, noon to 4 p.m.)
Average prices up
For March, 54 homes sold in the Basin compared
to 45 a year ago. Pending sales total 123 compared
to 119 a year ago.
While the average days on the market is up to 158
compared to 108 last year, sellers and buyers are
fairly close to what each wants in the market. The
average sales price year to date is $141,117 — up
about $12,000 over last year — while the median or
middle range of all sales is $125,950.
“People are pushing the value of their homes a little bit
to see what the market is, and that’s OK,” said Haskins.
The type of homebuyer runs the gamut,
from retirees moving to the area, to first-time
homebuyers, to upscale professionals, he said.
“It’s a good time to buy since rates are around
4.25 percent, depending on credit score — and
we’re seeing quite a few USDA loans for first-time
buyers,” he said.
A family of four qualifies for the loan — which
waives the down payment — if they earn $74,750 per
year or less. For a family of five, the limit is $98,650.
Year to date, there have been 148 homes sold, only
two less than last year.
“So we’re holding steady compared to last year,”
Haskins said.
Homes, Business & Land
•
South Central Oregon
For weekly updates go to: homesbusinessandland.com
• Landscape wall, pavers,
stepping stones & more.
• Garden tools for any project.
• Fresh plants delivered weekly.
• May 2014 | 15