Pendleton OR Real Estate

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Pendleton OR Real Estate

The Pendleton Oregon real estate market appears to be relatively stable compared to other cities and states. Home prices have indeed declined from 2008 to 2009 but only by 15 to 20 percent. The highest number of sales are found in the under $350,000 segment and prices appear to be stabilizing going into the year 2010. Contributing factors to support the stability of the market include affordability, with median prices now under $200,000 and low mortgage rates plus the recently extended government tax credits. For all of these reasons Pendleton Oregon real estate is a great investment.
In the Pendleton Oregon real estate market, the climate has similarities to a Mediterranean climate, making Oregon an attractive place to live with its mild winters and dry summers. Snowfall during winter is relatively rare and tends to melt quickly. The average annual temperature is 52.1 degrees Fahrenheit or 11.2 degrees Centigrade. Combined with the low population density of approximately 3,400 people per square mile it makes for a very comfortable place to buy Pendleton Oregon real estate.
The Pendleton Oregon real estate market made Fortune Small Business magazine's 2008 list of 100 best places to live and launch a small business in the United States. Other major industries include the manufacture of recreational vehicles, timber and other wood products. Many multinational corporations also had their beginnings in the Pendleton Oregon real estate market

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