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February 2011 Market In Eugene Area Declines!

by Galand Haas

Good Monday Morning!

The statistics are in and yes the Real Estate market in the Eugene and Springfield area continues to change.  Here is what the month of February looked like in comparison to February of 2010.

Closed home sales were down 10.1% from February of 2010 and Pending home sales fell 19.9% for the same time period.  The number of new home listings hitting the market also declined by 27.5% over the same period in 2010. The average sales price dropped by 15.4% from February of 2010.  

The better news is that Closed sales were actually up from January of this year by 4.6% and Pending sales were up by 14.4%.  New listings were off by 12.1% from February of last year. 

The average sales price of  homes in the Eugene and Springfield area dropped from $197,800 in January 2011 to $179,400 in February of 2011.  This is a decline of 9.3% in one month.  There was 11.9 months of active home inventory in February of 2011 and this is in comparison to 10.9 months in February of 2010.  The average time it took for a home to sell in February of 2011 was 170 days and this compares to 136 days in February of 2010.

Have Ane Awesome Week!

THIS WEEKS HOT HOME LISTING! 

Image Unavailable
1004 54th Street
Price: $345,000 Beds: 3 Baths: 2 Sq Ft: 1700
Enjoy a spacious .99 acre lot in the city! This charming home has many features including granite counters and cooking island in the kitchen, a fireplace in the living room, and a master bedroom with french doors and his-and-her closets. Relax in a ...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

Galand Haas, Keller Williams Realty Eugene and Springfield

February 2011 Video Details National Real Estate Market

by Galand Haas
VideoVideo

Good Monday Morning!

You can't beat our Spring like weather.  Especially when you see what the rest of the nation is dealing with.  It certainly makes you feel very fortunate to live in the Eugene and Springfield area.

Although mortgage interest rates have ticked up slightly, they still remain at historic low levels.  We know that inflation is looming and at some time the bubble will burst and rates will go well above their current level.  Todays rates in combination with significantly lower home values is allowing large numbers of people who simply have not been able to purchase a home before to be able to jump in and become home owners.  The kind of opportunity that home buyers have today is rare and just like the sellers market of several years ago, it wont last forever.  

THIS MONTHS HOT HOME LISTING!

 

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

Image Unavailable
1004 Leopold
Price: $257,500 Beds: 4 Baths: 3 Partial Baths: 1 Sq Ft: 2715
A beautiful & luxurious home built along a wonderful park. This spacious home includes 2 master suites (1 upstairs & 1 downstairs), large kitchen, formal dining, open living room with gas fireplace, an upstairs bonus & plenty of storage throughout. ...



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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