It’s easy to picture yourself living in beautiful Southern Oregon. Along with stunning landscapes and nearby attractions, its award-winning education, business, and healthcare scenes make it a desirable home base. But yet, you may feel a little wary about finalizing your decision to pack up and purchase a new home anywhere, even your dream locale.
If you’ve spent hours wondering if it’s truly “the right time,” you’re not alone. However, by taking a closer look at the numbers and imagining the life you want to live, you’re sure to reach a decision that’s best for you — and we’re here to provide a bit of that information to get you started! Let’s explore what Southern Oregon real estate trends are looking like for 2022.
Southern Oregon Real Estate Trends for 2022
2021 brought a hot real estate market to most of the United States, and Southern Oregon was no different. Appraisal numbers rose, and homes started flying on and off the market faster than we’ve seen in a while.
But, in 2022, it looks like these numbers may start to stagnate or decline, offering a bit more stability. Let’s take a look at Southern Oregon real estate trends, specifically in regards to the factors of pricing, location, and new construction.
Pricing for Real Estate in Southern Oregon in 2022
Home prices within the Jacksonville, Medford, and Ashland real estate markets rose dramatically in 2021 — but even though those prices were higher than we’ve seen before, they weren’t necessarily unwarranted. As mentioned previously, Southern Oregon has amazing natural landscapes, adventure-filled attractions, and a growing business scene with proven success. In the midst of the COVID-19 and work-from-home era, more people started to see the value in our cozy little community with big-city access.
Moving forward into 2022, it looks like home prices in Southern Oregon are going to remain stable for a bit. While that’s still higher than they were two years ago, the stability does at least provide a sense of expectation, allowing you to plan accordingly. And let’s not forget mortgage rates, which are currently lower than previous years, and predicted to stay that way for a while.
Location — Counterurbanization Will Continue to Rule 2022
Whether it was COVID-19 or other lifestyle changes, many homeowners decided to pack up and move in 2020 and 2021, regardless of home prices.
Their reasoning? A less-populated area to establish their home. That, and counterurbanization, the flow of people out of cities and into rural areas, is a trend that’s predicted to stay with us. As families in densely populated areas become crowded or need to adjust to shifting routines and social patterns, open spaces become more enticing to them.
However, there’s a bit of shock that comes with moving from a big city to a quaint town, so many homeowners still prefer to have access to some sort of city life within a few miles. And that’s what Southern Oregon is all about. It provides a peaceful escape from the hustle and bustle but is still accessible to many attractions and amenities that make life fulfilling — which is one of the reasons more people are becoming aware of and moving to the area.
In 2021, there were quite a few reasons many homeowners steered clear of building new. Fortunately, those factors look like they may be clearing up a bit in the coming year, causing spending on residential construction to increase 27% above where it was back in February of 2020. To be more specific, a few of the driving factors include:
- Lumber prices, which skyrocketed in early 2021. Although they continue to fluctuate a bit, they’re not quite as high as they were a year ago.
- Supply chain shortages or delays, which look to be lessening in many industries, and which many manufacturers and contractors have learned to account for during the planning process.
- Labor shortages, which were very prevalent at the beginning of the pandemic, but are lessening in some industries. While housing starts and employment didn’t move in tandem at the start of the pandemic, they’re both now converging to their respective pre-pandemic trendlines.
What Are the Benefits of Investing in Southern Oregon Real Estate in 2022?
Southern Oregon real estate market trends look to favor the buyers and builders a little more come 2022, which could finally give more homeowners the opportunity to experience all the magic our region has to offer. By choosing to invest in Southern Oregon real estate, you could exchange your current lifestyle for one filled with undeniable benefits, including:
Small Town Feel with Big City Amenities
Southern Oregon is a quiet, peaceful area filled with awe-inspiring natural surroundings — making it the perfect place to settle down and enjoy a more relaxed lifestyle. However, it also offers access to many adventures, attractions, and amenities.
The region boasts world-class healthcare, a nearby airport, sports facilities, outdoor excursions, art, and most prominently, an amazing food and wine scene. Along with a much-needed sense of retreat, you truly have everything you need, whenever you need it.
Successful Business Scene & High Level of Education
Southern Oregon is not only a beautiful place to live but also an amazing place for businesses to grow. With a track record of successful big corporations, small startups, and everything in between, you’re sure to benefit from a growing economy, a great place to work, or a great place to start a business.
Additionally, the region is home to various schools that offer high levels of education. If you have school-age children, they’re sure to receive a top-notch college preparatory experience from schools like St. Mary’s. Or, if you’re looking at colleges, Southern Oregon University and Rogue Community College are just minutes away.
Southern Oregon is home to a number of great housing options — now including our very own master-planned community, The Vineyards at Stage Pass! Living in a master-planned community offers many benefits, including:
- Custom homes – On your own homesite within the community, you have the freedom to build your home exactly how you’d like it. Besides HOA requirements, there’s no limit to what you can do with your property.
- Ensured curb appeal – Your master-planned community property comes with regularly maintained landscaping, entrances, and roadways. You don’t have to worry about any of the work that comes with it, but you can still sit back and enjoy the beauty.
- Stable property values – Master-planned communities do a lot to contribute to stable property values. With other high-quality homes nearby and frequently maintained grounds, most homes retain their value and appreciate steadily. Given what we’ve seen happen to the country’s real estate market the past few years, this is a huge bonus.
There’s value in Southern Oregon’s real estate market — and at The Vineyards at Stage Pass, we’re able to offer some of the most attractive, rewarding homesites in the area. Surrounded by gorgeous mountains and aromatic vineyards, our master-planned community features stable home values and incredible amenities. To get more information about a future here, or to schedule a private tour, contact our team today.