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How is the Real Estate market doing?

by Galand Haas

Good Monday Morning!

It was an exciting weekend for college football with both Oregon and Oregon State posting wins over ranked teams and Oregon now climbing to the number 2 spot in the national polls and Oregon State to number 18!

Yes, the national Real Estate market in improving, but is it improving as much and as quickly as it should be. There is significant debate on this subject, but the fact is that overall the housing market is not responding at any kind of rapid pace.  Much of the blame here comes from the fact that mortgage loans are still relatively tough to obtain.  Only buyers with great credit scores get the best rates and many would be buyers are forced to come up with 20% downpayments with few other options.  Current restrictions on lending by the Federal Government have put a strangle hold on sensible lending and this has significantly curtailed home sales with the largest impact being noticed in the arena of new construction.

Strong recoveries from economic slow downs are always lead by housing.  Wouldn't you think that our current administration would be doing all that they can to encourage home sales and new construction rather than imposing regulations that do just the opposite?

Have An Awesome Week!

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56411 McKenzie Hwy, Unit 1
Price: $237,500 Beds: 2 Baths: 1 ∏ Baths: 1 Sq Ft: 891
Wonderful condo on the river! Enjoy the great view of the mountains and trees as you relax in this cozy townhouse-style condo! Cedar cabin with fireplace, loft and large screened-in porch. All furnishings included! Make this yours today!!!...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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The numbers are in!

by Galand Haas

Good Monday Morning!

The numbers are in for August 2012 home sales in the Eugene and Springfield area and they support a continued upswing for our local Real Estate market. 

Home sales for August of 2012 were up by 30% over August of 2011 and up by 13.1% overy July of this year. August home sales at 365 was the best single month for home sales in five years.

There are currently 368 pending home sales and this is up by 9.5% over August of 2011.  This indicates the potential for another strong month of home sales for September.

New home listings were down from July of this year by 13.7% and also down from August of last year by 5.7%.  The combination of stronger home sales and fewer homes coming on the market have lead to a reduction in the months of active home inventory, which now stands at 5.1 months.  This has clearly crossed into the category of a sellers market.  Remember, more than 6 months of inventory is a buyers market and less than 6 months is a sellers market.

The average time it took a home to sell in August of 2012 was 106 days.  This is compared to 135 days for the same time period in 2011.  

The average sales price in the Eugene and Springfield area now stands at $208,600.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTINGS!

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1170 Echo Hollow Rd
Price: $165,000 Beds: 3 Baths: 1 ∏ Baths: 1 Sq Ft: 2112
Tons of ageless and modern charm! Featuring hardwood floors, high ceilings, large windows and nice updates on a well-sized lot. Living room with fireplace, built-ins, family room with double doors, dining room with storage and slider. Large updated ...
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2434 Royalann Ln
Price: $295,000 Beds: 4 Baths: 2 ∏ Baths: 1 Sq Ft: 2339
Beautiful home in Cherry Hill Estates. Features gorgeous wood floors and great separation of space. Living room with fireplace, large kitchen with granite counters, eating bar & pantry. Large master suite with walk-in closet plus bonus room! Family ...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Things to remember when selling your home.

by Galand Haas
VideoVideo

Good Monday Morning!

It was certainly a gorgeous weekend here in the Eugene and Springfield area with warm weather and that hint of Fall in the air.

Seling a home in todays competitieve Real Estate market is best described by a top agent friend of mine on the East Coast.  She says that if you are trying to sell a home in today's market it is both a price war and a beauty contest.  There is no doubt that pricing is the number one factor for homes selling or not selling in this market or any market. The price a seller wants for a home or needs to obtain may not be what the market is willing to pay.  Paying close attention to pricing is crucial.

The other factor that will typically make a huge difference with both how quickly a home sells, and at what price, is condition.  Homes that are in good repair, clean condition and are updated will sell faster and for more money than those homes that are in a lesser condition.  This relates to both interior, exterior and landscaping.  Buyers today have the luxury of comparison shopping and if your home is in good condition, clean and updated you may be able to not only gain more attention from prospective home buyers but those buyers may be willing to pay more for your home.  

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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

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85109 Chezem Rd
Price: $875,000 Beds: 5 Baths: 6 Partial Baths: 1 Sq Ft: 6782
Spectacular equestrian estate with scenic views! Features high ceilings, formal dining with built-ins, huge family room, wet bar, game room, wood floors, tile baths, stone fireplace, bonus area, gourmet kitchen with fireplace, island and eating bar....



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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