It seems the Real Estate market in Wallowa County is a prime example of the "HAVE AND HAVE NOT'S". The average and median price of homes in the county continue to appreciate, even though the number of available homes have increased significantly and completed sales are way down. The number of price reductions have increased but still the average and median prices are still appreciating... A review of the data starts to provide some insight. In 2006 the average price was $187,291 with 41 homes over the average and 94 homes under or 30% of the homes purchased were over the average price. In 2007 the average price was $208,291, 34 homes over the average and 66 homes under or 33% of the homes purchased were over the average. With almost half of 2008 gone, we find the average price is $243,027, and 50% of the homes sold are over the average. The increase of percentage of higher end homes have impacted the average and median prices. Considering the number of price reductions occurring homes cannot be appreciating at this time. It does seem worth noting, of the hundreds of thousands of foreclosure's It is the Ed McMann's with multi-million dollar homes that is unique and newsworthy. Has the "trickle down" concept run into a log jam??