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Statistics for June 2012

Monday, July 23, 2012

by Galand Haas

Good Monday Morning!

The statistics are in for June 2012 home sale activity in the Eugene and Springfield market areas. June was an interesting month with some mixed signals. New listings were steady at 494 compared to 496 for June of 2011. Pending sales saw the sharpest change with a 27.2% increase over June of 2011 and a .09% increase over May of this year. Oddly, closed sales declined by 10.8% from June of last year and 10.2% from May of this year. There is currently 6.7 months of active home inventory on the market for sale. This is down from 7 months in June of 2011, but up from 5.8 months of inventory in May. We have now crossed the line back into a solid buyers market again. Remember, 6 months of inventory is the division point between a buyers and sellers market. The average sales price in June was $206,000 and the average time it took a home to sell was 135 days.

With the up and down of our local Real Estate market here in the Eugene and Springfield area and with the same situation nationally, it is easy to say that we have really not hit any kind of a true recovering housing market yet. June homes sales nationally were off by 5%.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

1355 N Park Ave

Price: $220,000

Beds: 2

Baths: 2

Sq Ft: 1740

Lots of character! Enjoy the feeling of seclusion in this updated home. Features large sunken family room with fireplace and outside access. Well-sized master bedroom with double closet. Great den/office with closet. Skylights and wood stove in livi...

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AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Mortgage Rates

Monday, July 16, 2012

by Galand Haas

Good Monday Morning!

Yes, mortgage interest rates are dropping again. Just when we think that they can never go any lower, guess what? They surprise us by hitting new lows.

Freddie Mac (OTC: FMCC) recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates continuing to find new all-time record lows amid easing bond yields following June’s lackluster employment report. Both the average 30-year and 15-year fixed-rate mortgage hit new lows. The average 30-year fixed has been below 4 percent for 16 weeks. The average 15-year fixed has been below 3 percent for 7 weeks.

Results showed that the 30-year fixed-rate mortgage (FRM) averaged 3.56 percent with an average 0.7 point for the week ending July 12, 2012, down from last week when it averaged 3.62 percent. Last year at this time, the 30-year FRM averaged 4.51 percent.

Additionally, the 15-year FRM this week averaged 2.86 percent with an average 0.7 point, down from last week when it averaged 2.89 percent. A year ago at this time, the 15-year FRM averaged 3.65 percent.

If you are considering the purchase of your first home, a new home or even thinking about refinancing your existing home, it just may never get much better than this.

Have An Awesome Week!

THIS WEEK'S HOT HOME LISTING!

49562 McKenzie Hwy

Price: $379,000

Beds: 3

Baths: 2

Sq Ft: 1280

Cabin on the river! Wonderful views of the river, trees or mountains from every room! Great room with fireplace and amazing view with a wall of windows overlooking the river! Kitchen with island and dining area. Well-sized master suite with ceiling-...

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AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Coffee

Monday, July 9, 2012

by Galand Haas

Good Monday Morning!

Yes, Summer has finally arrived in the Eugene and Springfield area. Look for hot weather through the week.

Typically, Real Estate really is very localized for most of us. Most people who are thinking about purchasing a home want information that is specific to the area and even neighborhoods of their interest. There are several great internet sites specific to the Eugene and Springfield area for both anyone looking to purchase a home or anyone thinking of selling a home. For buyers go to www.forhomeinfo.com.This site will allow you to do a live home search and also will give you the option to be updated daily as new home meeting your search criteria hit the market. If you would like to include looking at foreclosure homes in your search, go to www.eugenebankowned.com. This site will provide you with a weekly updated e-mail list of all foreclosure and bank owned homes listed for sale in the Eugene and Springfield area. If you are thinking about selling your home or if you are just curious about what your Eugene or Springfield home might be worth on today's market, visit www.forhomesellers-nonSmartZip.com. This site will give you an in depth overview of comparable homes that have sold recently similar to yours and break it down into a dollar value for you. You will want to bookmark these sites because they are great resource sites for our local Real Estate market.

Have An Awesome Week!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-US-July-2012

456 W 29th Ave

Price: $265,000

Beds: 3

Baths: 2

Sq Ft: 1769

Light and bright oasis! Custom built with great entry and living room with high ceilings and great views. Kitchen with dining area opens to family room with vaulted ceiling and fireplace. Large master suite with big closet and access to deck. Plus a...

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AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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