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What will 2012 look like?

by Galand Haas

Good Monday Morning!

The last week of the year 2011 is upon us.  Our local housing market in the Eugene and Springfield area saw many changes during this year.  We experienced a continuing decline in home values across the market and also watched as mortgage default rates increased significantly as well. Even though it was not a great year for home owners, home buyers were able to take advantage of low home values and historic low mortgage interest rates.  For buyers who could qualify for financing  there were many very good opportunities.

What will 2012 look like?  Although nobody knows for sure, it will most likely not see considerable change from 2011.  Home values in the Eugene and Springfield area will most likely continue to decline for most or all of 2012 and foreclosures and short sales will conitinue to be a large percentage of the market.  Home sellers will most likely continue to have to be very competitive with pricing and be patient waiting for a buyer.  Home buyers will most likely continue to see very low mortgage interest rates through most of the year and will coninue to be able to capitalize on the attractive home prices.  By the end of 2012, I hope to see our market hitting it's low point.  This would most likely indicate the start of a flat market for the next 3 to 4 years, which would be an improvement from our declining market and indicate the beginning of better times to follow. 

We need to remember that many things influence the home market and the economy and that predicting the Real Estate markets future is certainly not an exact science. Even though most of us wish that the housing market would improve over night we have to reember that history shows that this market does not spin on a dime and that change takes time.  

As before, I will continue to keep you updated on both the local Eugene and Springfield housing market and the national housing market throughout the coming year.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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46121 Goodpasture Road
Price: $550,000 Beds: 4 Baths: 3 Sq Ft: 3407
Beautiful, secluded, custom home on the banks of the McKenzie River, featuring a 32ft vaulted ceiling, 2 fireplaces, heated floors, skylights & gorgeous deck. Downstairs offers a lg kitchen with hickory cabs, stainless steel appliances, huge living ...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Housing Statistics for November 2011

by Galand Haas

Good Monday Morning!

The statistics are in for November home sales in the Eugene and Springfield area and it looks as if our local housing market is continuing with it's trend of slower sales and falling home prices.  In November of this year closed home sales declined by 7.8% from November of 2010. Pending home sales rose slightly over the same period by 0.6%.  Closed home sales fell 10.5% this November from the month before and pending sales were off by 19.4% for that same time period.  The number of new listings also was off by 2.1% from October of 2011 to November of this year.  There is currently 8.2 months of active inventory on the market, which means we are continuing with a strong buyers market.  The average home sales price fell by 5.5% from November of 2010 and is now at $191,700.  The average time it took a home to sell in November of 2011 was 143 days.

Mortgage interest rates have remained fairly steady and are remaining at historic low levels.  The climate for purchasing Real Estate in the Eugene and Springfield Market area could not be better.

If you would like to receive a weekly e-mail list of all Bank Foreclosure homes listed for sale in the Eugene and Springfield area, log onto the website http://www.eugenebankowned.com and sign in.  You will start receiving this informative weekly home list.

Have A Very Merry Chritmas!

THIS WEEKS HOT HOME LISTING!

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4450 S. Shasta Loop
Price: $650,000 Beds: 3 Baths: 3 ∏ Baths: 1 Sq Ft: 3874
Stunning ICF constructed Tuscan style home! Enjoy media, family room, guest room and spa room! Great separation of space, skylights, fireplace, large kitchen with 2 sinks, pantry, lots of storage, and nook. Two bedrooms with in-room vanities. Master...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Thinking of Making Home Improvements?

by Galand Haas

Good Monday Morning!

Tired of the cold and fog yet?  If you are, just remember that more rain is just around the corner.  Hopefully, we will continue to see the sun that we have today for many more day to come.

Since many people are making the choice not to sell their home in this market the thought of making improvements is high on the list of many homeowners.  The question is what upgrades are going to add value?  In most markets any upgrades that improve the homes effective age are good investments.  This means updating carpets, paint, windows, roofing, siding, fixtures, hardware, etc. may all have a long term positve effect on a homes long term value.  Also, doing repair work such as taking care of dry rot, replacing outdated electric panels, plumbing, etc. will most likely add value.  Modest improvements in landscaping can also add value over time.  Generally stay away from adding pools, large decks, spas, sound systems, etc. that may be nice for you the homeowner, but may not actually add value to your home.  Putting on large additions or doing extensive remodels may also not increase your homes value enough to compensate for the costs.  Be cautious!

As the market cycle changes, home values will begin to increase once again.  Investing wisely now may pay you back handsomely in the future.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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7321 B Street
Price: $172,900 Beds: 3 Baths: 2 Sq Ft: 1734
Nice family home with an open spacious living room and kitchen. Park-like backyard with trees and paths. Sunroom for entertaining. RV parking and fenced yard....



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Considering Selling Your Home?

by Galand Haas

VideoVideo

Good Monday Morning!

Congratulations to the University of Oregon Ducks football team for winning their third straight Pacific 12 Championship and earning the right to play Wisconsin in the Rose Bowl on January 2, 2012.

If you are considering the sale of your home in the near future, I would suggest that you consider putting your home on the market sooner rather than later.  One of the biggest problems home sellers have faced over the past several years in competition in the market.  The inventory of homes for sale typically reaches it's lowest points in November, December, January, February and March. Homes on the market during these months will face far less competion.  To date, this year has been the same as we are now watching the inventories of good homes on the market hit levels that make it tough for home buyers.  Your chances of selling your home and obtaining top dollar are best if you act quickly and get your home on the market before the Spring rush.  

Have An Awesome Week!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-US-December-2011

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85075 Ridgetop Drive
Price: $375,000 Beds: 4 Baths: 2 Partial Baths: 1 Sq Ft: 2354
Gorgeous getaway minutes from town! 5 acres with amazing mountain views! Very light & bright w/ hardwood flrs & underground sprinklers. Master suite has his-&-her sinks, soaking tub, shower, & slider to balcony! Kitchen with eating bar & pantry, liv...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Photo of Galand Haas Team  Real Estate
Galand Haas Team
Keller Williams Realty Eugene and Springfield
2644 Suzanne Way
Eugene OR 97408
Direct: (541) 349-2620
Fax: 541-687-6411

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