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New Momentum in The Local Market

by Galand Haas

Good Monday Morning!

The weekend weather was interesting.  I don't know if I have ever seen it rain as hard as it did during the thunder shower on Saturday.

The Real Estate Market in the Eugene and Springfield area continues to pick up momentum.  The question is, have we hit bottom and are we heading out of this or is this just a short upswing before the bottom really falls out?  I wish I had the anwers to that question.  My suggestion right now would be that if you are wanting to buy, jump in now.  You can't go wrong.  If you are selling or need to sell, sell now and price your home to move fast.  If this is a short upswing then you don't want to miss your chance to sell now during an upswing.  How long of a window might we have?  this is another question that is tough to answer.  I would guess that we might see a better market for atleast the next 60 days.  The problem longer term could be interest rates increases or the increase in inventory of foreclosed homes.  Either of these could have a negative impact.  My suggestion is to don't watch national trends, but focus mostly on what you see taking place in our community.  This will certainly give you the best perspective on our market. 

If you are interested in wanting information on foreclosed homes currently for sale in our local area,we have put up a new web site that will give you the ability to get a weekly list of all local foreclosed homes on the market for sale.  You can sign up for this e-mail service at www.eugenebankowned.com

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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1929 L ST, Springfield, Oregon

Price: $145,000.00

Beds: 2

Baths: 1

Sq Ft: 858

Description: This is a very cute home with lots of potential inside & out. It features awesome hardwood floors, a spacious living room & well-sized bedrooms, each w/ ceiling fans. The dining room & kit ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

What is My Home Worth In Today's Market?

by Galand Haas

Good Monday Morning!

What a great time of year to be living in the Eugene and Springfield area.  It is gorgeous here when Spring arrives.

Because of the changes in our local Real Estate market over the past couple of years one of the questions that I am asked often is, "what is my home worth now"?  For most of us the reality is that our home velue has decreased.  How much it has changed may depend a great deal on the price range of your home, your location, your homes age and condtion and other factors.  My team and I have worked hard and have put together a state of the art system for helping you keep tabs on what your home value is doing. We have developed a new e-mail system that not only will give you complete information on your homes current market value, but it will also give you information on what is happening with home values in your specific neighborhood. Our system is very complete and even provides you with photos of your home and neighborhood.  Our system is completley automated and it will also provide you with complete monthly updates by e-mail.  There is no cost and no obligation for this service.  If your rsidence in in the Eugene and Springfield area you can take advantage of this sytem by going to www.eugeneoregonhomesforsale.com/market

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

 

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33620 Indian Drive, Coburg, Oregon

Price: $260,000.00

Beds: 4

Baths: 2

Sq Ft: 1668

Description: 1/4 acre lot located in Coburg. This 4BR home has 1668 sq.ft. of great country living just minutes away from Eugene. Master and additional bedroom are on main level with two bedrooms upstairs. This ho ....

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AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

March 2009 Real Estate Stats for Eugene and Springfield

by Galand Haas

Good Monday Morning!

Wow!  What a gorgeous Oregon Spring weekend we had.  The good news is that there is more on it's way.

The Real Estate statistics are in for March and even though the home sales numbers remain down from last year they are improving significantly from the 4th quarter of 2008 and 1st quarter of 2009.  Here are the March numbers:

March had 9.7 months of active home invntory. This is coming down quickly.  January saw 20.6 months and February was at 13.1 months.  March of 2008 was at 8.4 months.

Closed sales were off from last year but improving from the 3 months previous.  Overall closed sales were down 19.9% from March of 2008.  Pending sales also were off from last March but greatly improved from the 3 previous months.  They were off by 11.6% from March of 2008.  New listings also tumbled and were down 22.1% from March of last year.  The average sales price for March of 2008 was $265,700 and for March of this year it was $230,700.  The other part of the story is that Lane County saw a 34.9% increase in closed homes sales over the previous month of February.

If you are thinking of buying a home my suggestion is that you act fast.  As I have been saying for months, "you will never know the market hit bottom until you see it starting to climb back up again."  The numbers speak for themselves.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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1010 Berntzen Rd, Eugene, Oregon

Price: $195,000.00

Beds: 3

Baths: 2

Sq Ft: 1587

Description: Cute home in immaculate condition inside & out and sits at the end of a quiet culdesac bordering the park. It features arched doorways, wall-to-wall carpet, wood spiral staircase, lots of windows, ....

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Spring 2009 Lane County Real Estate Highlights

by Galand Haas

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RMLS March 2009 Reporting Period MARCH HIGHLIGHTS Sales activity in the Greater Lane County area continued to grow compared to the month prior, but fell short of matching totals from March 2008. Comparing March 2009 with March 2008, closed sales dropped 19.9% and pending sales fell 11.6%. New listings also decreased 22.1%.

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Things You May Not Know About Taxes... You probably won't hear families across the country cheering, unless they are getting giant refunds. So now that you've sat down to calculate your income, deductions and ultimate tax liability, here are some thoughts about how next time around, you might be able to get a bigger refund, or a

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"Dream as if you'll live forever, live as if you'll die today." - James Dean Here's To You This Month!

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Galand Haas Team, Keller Williams Realty Eugene and Springfield
2644 Suzanne Way, Eugene OR 97408
Direct: (541) 349-2620

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February 2009 Housing Market Statistics

by Galand Haas

Good Monday Morning!

It was a wonderful Easter Weekend even though the weather was just a little cool and wet.

The numbers are in for what took place in February's Real Estate market here in the Eugene and Springfield area.  Closed home sales for February of 2009 dropped by 31.8% from the number of closed sales in February of 2008.  New listings decreased by 34.8% over the same period of time.

On a positive note, closed sales were up 53.7% in February of 2009 in comparison to January of 2009.  The inventory of homes active on the market was at 13.1 months compared to 20.6 months in January and then compared to 9 months of inventory in February of 2008.  The average time it for a home to be on the market was at 135 days in February.  The average sales price for February of 2009 was $230,400 compared to that of $237,900 in February of 2008.

All in all there are postive signs for our local Real Estate Market.  With mortgage interest rates remaining at historical low levels the market just may continue to improve a little bit at a time.  You could not ask for a better market to purchase a home in.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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5075 G ST, Springfield, Oregon

Price: $140,000.00

Beds: 3

Baths: 1

Sq Ft: 968

Description: Very charming home with well-landscaped front & back yard. Completely remodeled inside with fresh paint, new carpet and flooring throughout. Fantastic garage with work area. Well-fenced & spac ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Local Real Estate Market Warming Up

by Galand Haas

Galand,

Good Monday Morning!

It was a gorgeous and sunny weekend here in the Eugene and Springfield area.  Temperatures may hit the 70's today.  Wow!

The Real Estate market in the Eugene and Springfield area may not be warming up as quickly as the weather, but there certainly is a change taking place.  Homes in most prices ranges are not only being looked at more by buyers ,but they are selling as well.  This is a welcome change and it could signal a trend heading upwads with this market as we see buyer activity continue to improve.  As I have ben saying for months, "you won't know we hit bottom in the local housing market until the market swings back upwards". If you are thinking of buying a home or if you are a move up or move down buyer, don't wait until this market has changed.  If you are going to taske advantage of this market you need to do it NOW. With home prices at low levels and mortgage interest rates at historic low levels it is time to make a move.

I would also like to thank all of our family and friends for their prayers and support over the past 3 weeks as my youngest daughter Megan was in the hospital with a serious illness.  Your prayers for Megan were heard and we brought her home yesterday. Please continue your prayers for Megan's complete recovery. Praise God!

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

 

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3350 Videra Dr, Eugene, Oregon

Price: $265,000.00

Beds: 3

Baths: 2.5

Sq Ft: 2096

Description: This unique and contemporary home is located in the Southwest hills of Eugene and offers 3 bedrooms, 2.5 bathrooms and approximately 2,096 square feet. A large covered front porch invites you into the ....

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AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Light at end of tunnel with Local Housing Market

by Galand Haas

Good Monday Morning!

It was certainly a wet and cool Spring break here in the Eugene and Springfield area.  It seems to do that on Spring break every year.

There is some light beginning to flicker in the local Real Estate market.  The number of homes for sale is declining significantly and there are all of a sudden many more people out there looking seriously.  Our historically low mortgage interest rates and  the very affordable price of homes out there is finally getting people to take a hard look at purchasing a home right now. 

Have we hit bottom with this Real Estate market?  Only time will tell. As I have said many times over that you will never know that we have hit bottom until we begin climbing up the other side.  I would think that there is a good chance that we have hit bottom and if we see Home Buyer activity levels continue their increase we could quickly begin the climb out of this, which for you buyers means higher home prices.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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1350 River Road, Eugene, Oregon

Price: $165,000.00

Beds: 2

Baths: 1

Sq Ft: 2028

Description: This is a very cute home featuring wonderful wood floors throughout, a spacious living room with lots of windows and a light & bright kitchen with lots of cabinets and plenty of counter space. Bot ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

The Fed Has Struck Again

by Galand Haas

Good Monday Morning!

The Fed has struck again!  This time the government has introduced a program to purchase $750 billion in mortgage backed securities.  The idea behind this is to lower mortgage interest rates. The program was announced last week and the immediate action has been favorable.  Wall Street responded favorably and 30 year conventional fixed rate mortgages also dropped to a level below 5%.  This rate is the lowest level in over 30 years.  For homebuyers this is even more favorable news. For those of you who read my e-mails, you know that I have been stating that this current market may be the best home purchase opportuity in most of our lifetimes.  I am now taking that statement to a new and higher level.  With the combination of extraordinary home pricing and historically low interest rates the situation for homebuyers may never be better.

Over the past several months I have been able to help many homebuyers who wanted to upgrade their home.  This is called a move up buyer.  This market is extremely favorable for move up buyers right now.  Yes, your home is not worth what it was a couple of years ago, but if you are upgrading to a more expensive home, that homes value has declined even more than your current home has.  In this kind of market move up buyers can achieve the purchase of the home of their dreams and earn some serious home equity at the same time.  If this is something you are interested in, please get in touch and I can help you with an assessment as to whether this would be a good move for you.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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92850 RIVER RD, Junction City, Oregon

Price: $495,000.00

Beds: 4

Baths: 2

Sq Ft: 2580

Description: This secluded country home on a private drive has a modern open floor plan that features skylights, wood floors, custom lighting, spa room, soap stone wood stove and solar hot water. The spacious kitc ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

The Fed Has Struck Again

by Galand Haas

Good Monday Morning!

The Fed has struck again!  This time the government has introduced a program to purchase $750 billion in mortgage backed securities.  The idea behind this is to lower mortgage interest rates. The program was announced last week and the immediate action has been favorable.  Wall Street responded favorably and 30 year conventional fixed rate mortgages also dropped to a level below 5%.  This rate is the lowest level in over 30 years.  For homebuyers this is even more favorable news. For those of you who read my e-mails, you know that I have been stating that this current market may be the best home purchase opportuity in most of our lifetimes.  I am now taking that statement to a new and higher level.  With the combination of extraordinary home pricing and historically low interest rates the situation for homebuyers may never be better.

Over the past several months I have been able to help many homebuyers who wanted to upgrade their home.  This is called a move up buyer.  This market is extremely favorable for move up buyers right now.  Yes, your home is not worth what it was a couple of years ago, but if you are upgrading to a more expensive home, that homes value has declined even more than your current home has.  In this kind of market move up buyers can achieve the purchase of the home of their dreams and earn some serious home equity at the same time.  If this is something you are interested in, please get in touch and I can help you with an assessment as to whether this would be a good move for you.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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92850 RIVER RD, Junction City, Oregon

Price: $495,000.00

Beds: 4

Baths: 2

Sq Ft: 2580

Description: This secluded country home on a private drive has a modern open floor plan that features skylights, wood floors, custom lighting, spa room, soap stone wood stove and solar hot water. The spacious kitc ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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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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