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The Numbers are in: July 2013

by Galand Haas

Good Monday Morning,

Here are the statistics for the Eugene and Springfield Real Estate market for the month of July 2013.

Real estate activity cooled slightly this month compared to June, but was up across all categories compared to July 2012. Pending sales (450) increased 27.5% over the 353 in June, and 23.3% over the 365 from July 2012.

New listings (592) dropped 1.7% from the 602 listings posted in June, but represent a 14.5% increase compared to last July. Similarly, closed sales dropped to 360 in July, a 4.0% drop over the 375 in June but a 14.6% increase over last July’s 314 sales.

Average total market time decreased this month to 76 days, and inventory increased slightly to 4.7 months.

Year-to-Date Summary

The 3,725 new listings represent a 14.5% increase over the 3,252 entered in the first seven months of 2012. There have been 2,485 pending and 2,150 closed sales through July 2013, up 19.8% and 20.1%, respectively, from 2,074 pendings and 1,790 closed sales by July 2012.

Average and Median Sale Prices

The average price through July is $226,800, up 15.2% from this time in 2012, when the average was $196,800. In the same comparison, the median price increased 15.7% from $172,800 last year to $199,900 this year. 

THIS WEEKS HOT HOME LISTING!

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89025 Sky High Dr
Price: $895,000 Beds: 2 Baths: 3 Sq Ft: 2850
Beautiful Sanctuary with Pristine Views! In a gated community offering privacy and seclusion, this 30 acre property is one of a kind! Open floor plan, walls of windows, granite counters, tile floors, high ceilings, gourmet kitchen, office and bonus/...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Coffee

by Galand Haas

While homeownership numbers may be down, Americans continue to believe that owning a home is still a good decision even as mortgage rates bounce up and down. According to the National Association of Realtors 2013 National Housing Pulse Survey, eight in 10 people believe that purchasing a home is a good choice and 68% believe that now is a good time to make a purchase. Since the last survey in 2011, renters who are contemplating a home purchase rose from 25% to 36% while those who stated they prefer to rent fell from 31% to 25%. More than half of the renters surveyed stated that one of their highest priorities is owning a home, up to 51% from 42%.  

We remain towards the lower end of a home value cycle.  This means that most likely home values will increase significantly over the next 5 years.  Even though mortgage rates have ticked up slightly, they remain well below the 10 year average.  This combination leads one to believe that investing in home ownership now is a wise decision.

Have An Awesome Week!


Image Unavailable
88604 Ermi Bee Rd
Price: $549,000 Beds: 4 Baths: 3 Sq Ft: 3376
Wonderful Wooded Retreat! Surrounded by nature, this secluded 5 acre property offers lots of space and options! Granite, tile, skylights, vaulted ceiling, 4 decks, 3 sliders, beautifully landscaped grounds with water feature and pond, walking trails...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Don't Be Fooled By Pre-Qualification Letters

by Galand Haas
VideoVideo

Good Monday Morning!

With a more active Real Estate Market here in the Eugene and Springfield area, we are seeing offers much more frequently on homes for sale than we did over the past several years during a slower market time.  This does not mean that all offers are created equal. Even today, there are many buyers out there that just cannot qualify for home fiinancing and are making offers based on poor information from their lender.  Many of these buyers even have letters of pre-qualification from their lender.  Don't be fooled by pre-qualification letters. These are just letters that state that based on the initial information given to the mortgage broker the buyer is qualified to purchase.  Many times after these buyers get into contract and all of their information is actually sent to the underwriters for approval, things change and it is not always for the good.  If you are selling a home and you have an offer on your home, make sure that your buyer has an actual loan approval letter.  This means that the buyers financial information has already gone to the underwriters and was approved.  This is not 100% fool proof, but it is a much safer bet than a simple lender pre qualification letter.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-US-August-2013

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86453 Greenbriar Dr
Price: $945,000 Beds: 3 Baths: 3 Partial Baths: 1 Sq Ft: 5582
A Luxurious Oasis! Panoramic view of Fern Ridge, Coast Range, Sunset and Sunrise. Gated, privacy and a one of a kind home make this property exquisite! Spacious great room with 32ft vaulted ceiling & fireplace, 10’ ceilings and 8’ doors,...



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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