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Latest Market Activity for March 2017

Monday, April 17, 2017
by Galand Haas

Good Monday Morning!

Home sales in Lane County were on the rise again last month, but the number of homes actively on the market for sale took a dive.  It still remains a great market for home sellers and a challenging market for homebuyers in Lane County.  Home price in our area also continues to climb.  With the recent decrease in mortgage loan interest rates, don't look for any change soon.  Here are the numbers for Lane County Real Estate in March of 2017.

Activity is warming up for the season in Lane County, although numbers seem to be a bit cooler this year compared to 2016. Closed sales (355) ended 3.3% below the 367 closings recorded last year in March 2016, but were a 43.7% improvement over the 247 closings recorded last month in February 2017. 


New listings (537) fared similarly, ending 3.8% under the 558 new listings offered in March 2016 but increasing 36.6% compared to last month in February 2017. 

There were 478 pending sales, a 29.5% increase from last month (369) but 7.7% under the offers accepted in March 2016 (518). 

Inventory in Lane County edged down to 1.7 months in March. Total market time averaged downward as well, ending at 69 days. 

Average and Median Sale Prices 

Comparing the average price of homes in the twelve months ending March 31st of this year ($268,100) with the average price of homes sold in the twelve months ending March 2016 ($244,600) shows an increase of 9.6%. The same comparison of the median shows an increase of 7.9% over that same period. 


Have An Awesome Week!

 

THIS WEEKS HOT HOME LISTING!

398 69th Place
398 69th Place
Price: $275,000 Beds: 3 Baths: 1 Half Baths: 1 Sq Ft: 1729
Wonderful home with a lot to offer! In Thurston neighborhood and distant view of mountain tops. Heat pump, granite tile counters, ash hardwood floors, tile floor, 2 bay windows, lots of storage space & natural light. Living room with wood-burning fi...

 



AND HERE'S YOUR MONDAY MORNING COFFEE!!

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8 Quick Tips On Preparing Your Home For Sale

Monday, April 10, 2017
by Galand Haas

Good Monday Morning!

Even in the hot sellers market that we currently have here in the Eugene and Springfield area, it is important to prepare your home for sale if you are going to put it on the market. Paying attention to detail and having your home in great condition can mean a quicker sale and far more money.  Even in this market, I see homes sit out there and not sell.  You still have to price your home right, but condition is an extremely important factor for most homebuyers.  Here is an article from "Realty Time" that will give you some pointers on preparing your home for sale.

Unless you've never bought or sold a house before and have never looked at home listings or watched a single show about real estate (which is pretty hard these days), you have some semblance of an idea of how your home should look when you go to sell it. You probably also have a clue about how best to show off that home in photos (or, at least, you know the importance of showing off that home in photos), even if you personally lack the skill to take them yourself.

But what happens when you ignore the rules? Does a hot market render them irrelevant? Is it OK to list a home for top dollar when the condition is more fixer-upper? "You might think that buyers can see the potential of a house that just needs a little bit of work, but most are looking for a house that is move-in ready and doesn't need any major repairs," said Business Insider. "And even a home that only needs minor repairs may still look like a bad deal to some buyers, turning them off based on appearance alone."

The truth is that if you want good money for your home, you have to do a little work to get it "show ready." Buyers expect to be able to walk into a clean, decluttered home - at the very least. If it's not updated, it better at least look like it's move-in ready.

So how do you explain this listing, then? We'll leave the address and other identifying info out of it to protect the innocent. But a few things we can say: The home is brand-new to the market, and is no bargain, as you might think from looking at the photos; It's priced at least $10,000 over what it should be, just based on comparables, which, for a house in the low $200,000s, is considerable. The photos were obviously taken by the homeowner, who clearly didn't know how to best show off the property (although there were a couple snaps that were passable for an amateur) and who, it looks like, didn't even care enough to try to get it right by: Getting the camera in focus, cleaning out cluttered spaces, and even making sure there weren't random people in the frame of one shot.

At least it will serve as a great example of "what not to do" when selling your home.

1. Don't take your own photos

We'd be remiss if we skipped over one of the main problems here before getting into the details. Don't Take Your Own Listing Photos. Oh, were we screaming? Photos that were not professionally done stick out like, well, photos that weren't professionally done.

"You already know that a listing with pictures attracts a lot more attention than one without, but do you know how to take great pictures of a home? Whether you're an agent or a person trying to sell his own home, it's vital that you make a big first impression, and pictures are the best (and maybe only) opportunity that you will have to do just that," said Inman.

If you absolutely insist on taking your own photos, at least consult some basic rules. Most of which were broken in the listing in question. Note that the photo below was one of the better of the bunch.

2. Address your kitchen

Don't want to make any upgrades to your kitchen before you get the home on the market? That'll cost you (literally). Even painting out those cabinets, a cheap and easy fix, would make a huge difference. But, if you're not going to make changes to improve this key area, at least make the most basic effort to show it in its best light by removing as much clutter as you can. That means everything off your countertops. And your fridge. And the top of our fridge. There's no reason that stuff can't be put away for photos, and for showings. Basic staging rule #1. 

3. Emphasize the space and function, not the other way around

That printer on the kitchen counterop says: "We don't have room for a home office." Unplug. Put in closet. Problem solved. 

4. Always keep your selling points in mind

People like bedrooms - clean and tidy bedrooms that they can imagine their children sleeping and playing in. What, exactly, are we trying to show off here? The dead animal on the wall? The clutter on the floor? The glare from the windows? Perhaps the unique angle of the image that ignored all those basic listing photo rules? This shot shows none of the attributes of the room and only makes a potential buyer question the seller's taste level—and gives them closet space concerns. 

5. Focus!

Maybe check the photo to make sure nothing is blurry before posting it? Just a suggestion. Also, even if this picture was in focus, it still wouldn't be effective. You're not selling bedding, you're selling a home. This image tells a potential buyer nothing about the size or condition of the room. 

6. Show off your bathroom

Where do we even start here? From the weird angle that doesn't show the space, to the missing light bulb, to the clutter in the shower/hanging robe, this is just all wrong. 

7. Emphasize outdoor space

It goes without saying that showing off your outdoor space is important. A little effort to repaint the unkempt patio would have helped. At the very least, mow the yard, trim the bushes, and remove the ladder. An unkempt backyard will only make a potential buyer wonder what else needs attention, especially if they've seen some questionable spaces indoors. 

8. Keep people out of your photos

Stalker alert! The straggler near the fence draws attention away from the other features of the yard - which, in this case, might not be so bad, really. Still…If you only have one photo of the yard or if the best of the bunch has a person in the frame, there's still one thing you can do: Learn how to use the camera's crop feature.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

755 Horn Ln

Price: $295,000  Beds: 4   Baths: 2   Sq Ft: 1868

Tranquil & spacious property! Beautifully landscaped 0.41 acre lot provides seclusion & great entertaining spaces. Remodeled home offers updated kitchen & baths, large living rm w/ gas fp, formal dining, large windows+skylight. Private master ste w/...View Home for Sale>>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

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Consider These 4 Criteria When Looking For Your Next Home

Monday, April 3, 2017
by Galand Haas

Good Monday Morning!

The low inventory of homes for sale that we currently have in our local Real Estate market has made home buying much more difficult.  The current shortage of homes for sale has driven prices up and made our home purchase market very competitive, especially in the price ranges where most first time homebuyers are looking.  It is easy to get caught up in this competitive market and pay too much for a home or purchase a home that may not fit your needs.  In this market, the help of a knowledgeable homebuyer specialist Realtor is a must.  They can help keep you from making mistakes that will haunt you down the road. It is also important to educate yourself about the current market and to not be forced into a rush purchase.  The following article from "Realty Times" talks about how to deal with a home purchase during this market.

There's no perfect home, but some homes are more ideal for your household than others. When you look for your next home, carefully consider these four criteria - price, features, location and condition. The closer you get to meeting all four criteria, the better your chances are of making a good buy.

Price

In any market, price has to come first. To determine what you can comfortably afford, talk to your real estate professional. He or she can recommend a lender who will prequalify you for a purchase loan. When you know how much you can spend, it will be easier to shop for homes within your price range. With luck, one will stand out.

Features

The size of your household and your activities determine the features you want in your next home. The number of bedrooms, baths and living areas are a matter of comfort and convenience. You may want an extra bedroom for guests or a second master suite for parents.

If you work a lot at home, you'll want a private home office or a computer nook. You may want a playroom for the kids, a separate laundry area, and fenced yard and covered patio for entertaining. An eat-in kitchen may be more important to you than a formal dining room. You may want an outdoor kitchen or at least an entertainment area.

Think about your daily life from morning to bedtime, and how your next home can make these activities more pleasant. This should be your "must-have" list, and will help you look at homes more objectively.

Location

Some areas will always be more expensive to live in than others. Neighborhoods that are well-kept tend to maintain higher home values. Homes that are close to jobs, schools and shopping centers tend to sell for more money than homes without as much infrastructure.

What is the best home you can find in the area where you want to live? If these homes are out of your range, you can compromise -- buy a smaller home or a home that needs lots of work in the best neighborhood you can afford.

Condition

Condition refers to the state of repair. Does the home have curb appeal? Is it updated and well-maintained, or does it need extensive and expensive remodeling? Carefully consider any deferred maintenance, such as a roof that may need to be replaced in only a few years. Consider the design and functionality -- is the kitchen too small and would you be able to afford to remodel it? Look closely at repairs, cleanliness and traffic flow.

The one advantage of buying a home that needs updates and repairs is that these homes cost less than updated homes in the same neighborhood.

Be prepared to compromise. Don't frustrate yourself or your family looking for perfection. Sometimes the home of your dreams doesn't have every feature on your checklist, or it may be a little further away than your favorite neighborhood, but you'll be happy if it has most of criteria you want at the price you can afford.

Have An Awesome Week!

THIS WEEK'S HOT HOME LISTING!

32538 Hatfield St

Price: $485,000 Beds: 5 Baths: 3 Sq Ft: 2472

Beautiful new craftsman style home located in the heart of Coburg. Located within walking distance to restaurants, shops and city park. Master suite and guest suite on the main level. Great room concept with a bonus room upstairs. Front yard landscaping and RV parking. Completion date mid-July. Hurry so you can select your own colors! Updated exterior view/picture coming soon. Taxes not yet determined.

Beautiful new craftsman style home located in the heart of Coburg. Located within walking distance to restaurants, shops and city park. Master suite and guest suite on the main level. Great room concept with a bonus room upstairs. Front yard landscaping and RV parking. Completion date mid-July. Hurry so you can select your own colors! Updated exterior view/picture coming soon. Taxes not yet determined. - See more at: http://www.eugeneoregonhomesforsale.com/Property/32538-Hatfield-St-Coburg-Oregon#sthash.51RvKbXF.dpuf
Beautiful new craftsman style home located in the heart of Coburg. Located within walking distance to restaurants, shops and city park. Master suite and guest suite on the main level. Great room concept with a bonus room upstairs. Front yard landscaping and RV parking. Completion date mid-July. Hurry so you can select your own colors! Updated exterior view/picture coming soon. Taxes not yet determined. - See more at: http://www.eugeneoregonhomesforsale.com/Property/32538-Hatfield-St-Coburg-Oregon#sthash.51RvKbXF.dpuf



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Haas Real Estate Team
Keller Williams Realty Eugene and Springfield
2645 Suzanne Way Suite 2A
Eugene OR 97408
Direct: (541) 349-2620
Fax: 541-687-6411
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