If there is one market that weathers the real estate rollercoaster the best here in Central Oregon it is horse/animal properties. The true developed horse properties, not the 8 fenced acres with a loafing shed. Properties with a solid amount of irrigation, 50% or more of the total acreage, seem to still maintain value. The value of the irrigation rights alone have soared while land values have fallen. Water rights are like gold and will only continue to increase in value. Right now has been the best time to secure horse property, in my opinion, because it is at the lowest it will be. I have seen some high end horse setups fall as much as 50%. There have been some 10 acre parcels with a very nice home, barns, hay storage, tackrooms, cross-fenced, pond, and mountain views sell for $400K-$600K. If you ever want a list of current and sold listings emailed to you so you can analyze the data yourself, just send me an email. I will be happy to send you a reverse CMA to help you see what the market is doing. firstname.lastname@example.org or 541-419-3999.