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The Housing Market in Eugene and Springfield

Monday, January 28, 2013
by Galand Haas

Good Monday Morning!

The housing market in the Eugene and Springfield area saw some bright spots for 2012, but ended the year with some slightly declining numbers.  In December of 2012 there were 243 closed home sales in Lane County.  The good news is that this was a 5.7% increase over December of 2011.  The decline came from new pending sales which were down in December of 2012 over December of 2011 by 13.6%.  New listings were also down for the two comparable months by 22.1%. There is currently only 5.2 months of housing inventory on the market, which pushes the Lane County area even further into a market favoring sellers.  The average sales price for December of 2012 was $200,700.  For the year 2012 the average sales price ws $200,900. This is just slightly down from 2011, which had an average home sales price of $202,500.

What does all of this really mean?  These numbers indicate a fairly flat Real Estate market in Lane County where prices and number of home sales are not seeing any huge changes.  Pricing is very steady and even though the overall numbers for December showed a dip, the number of closed trnsactions for 2012 were certainly improved over 2011.  The largest change is with the inventory numbers.  The overall inventory of homes for sale in the Eugene and Springfield area has continued to decline, which if this trends persists it will lead to home price increases. With mortgage interest rates holding at historic low levels, don't look for any trend changes in the immediate future. If mortgage interest rates were to begin climbing look for the local housing market to trend downwards again.  2012 will be an interesting year and the strength of the local housing market will certainly depend on two major factors, the strength of the local/national economy and mortgage interest rates.

Have An Awesome Week!

THIS WEEKS HOT INVESTMENT PROPERTY!

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1685 High St
Price: $395,000 Beds: 7 Baths: 4 Sq Ft: 2638
Multifamily property in great location! 1685 is detached unit with 1 bed, 1 bath. 1695 is 2 bed, 1 bath basement unit with fireplace. 309 is a 4 bed, 2 bath, 2-level unit with fireplace, front porch and deck. All 3 units have had some updating. Loca...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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What you should do if you are thinking about selling your home.

Monday, January 21, 2013
by Galand Haas

Good Monday Morning!

If you are thinking about selling your home, now is the time to begin the process for getting your home on the market.  One common thought is that Spring is the best time to get your home on the market. The reality is that by Spring home inventories often times increase and your competition level increases.  If you can get your home ready for market by February or March you may beat the rush and have a better climate for a sale.  Here are just a few things that you might want to pay attention to prior to placing your home on the market.

1. Go through your home and do what I call de-clutter.  This means take out over sized furniture items, nick nacks, anything that is not needed for every day living.  The idea is to make rooms looks larger and give prospective buyers the ability to see the space.

2. Touch up interior paint or even re-paint if needed  This would mean making walls, trim ceilings looking as new as possible.

3. Clean carpets and hard wood flooring.

4. Clean your home thoroughly and don't forget to clean windows inside and out.

5. Be sensitive to odors from cooking, pets, etc.  Scented candles are a great way to keep your home smelling great.  Prospective buyers are very odor sensitive.

6. Maintain an even temperature in your home.  Homes that are too hot or too cold will detract from showings.

7. Always have your home neat, clean, drapery or blinds open and lights on for showings.

8. Winter time is tough for exterior, but having your landscaping and home exterior looking great is important.  Have flower beds with fresh bark dust, walks swept. leaves raked and washing down siding will greatly increase the way your home looks for drive bys.

One of the key functions that I complete when I visit a home for someone thinking of selling their home is going through a check list of items that the homeowner can do to enhance the appearance of their property. My objective is to list items that will increase the value, lessen the number of days on the market and helping the homeowner not perform tasks that are not dollar productive. If you are considering placing your Eugene/Springfield area home on the market, please contact me for a no obligation visit that we can identify items for you to focus on and also get a good idea of your homes currrent market value.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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2810 W 18th Ave
Price: $189,900 Beds: 4 Baths: 2 Sq Ft: 1456
Great Investment Property! Located on bus line & close to shopping. Home offers living room with large window, nook, and opens to dining area. Kitchen with access to deep garage with washer & dryer. Upstairs find 4 beds, 2 baths, and landing with sl...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Why did my home not sell?

Monday, January 14, 2013
by Galand Haas

Good Monday Morning!

Why did my home fail to sell?  This is a call that I get frequently from homeowners who have had a home on the market and it did not sell. The answer to this question is often not simple, but typically a little bit of investigation will reveal the most likely cause.  Nine times out of ten the problem is that the price was too high.  In this market, if you miss the market with pricing your home is going to just sit and not get offers.  Many times the home owners will see many showings and just no serious interest.  This simply means that would be homebuyers are finding other homes equal to or better than this home at a more attractive price. It can be hard to hit pricing perfectly, but once a home is on the market, if we look at what takes place with showings and interest it will soon tell us the story as to whether we have hit pricing right or not.

The largest mistake home sellers make is to not watch the market and to not drop the price quickly enough needed.  Failure to do this may cost homesellers large amounts of money and the opportuity to sell.

Also, if you are considering putting your home on the market and don't want to join the ranks of the unsold homes be cautious when you interview Real Estate agents.  Be cautious as to not pick your agent based solely on the price they give you for your home.  Many agents will inflate this price to get your business.  Good agents will price your home correclty to start with and then watch the market for any changes and advise you quickly if an adjustment is needed.

The keys to selling a home for top dollar value in any market are to:
  1. Price correctly with the market and adjust quickly if offers don't materialize.
  2. Stage your home.  Get rid of clutter, paint, do yard work, needed repairs and make your home as appealing as possible
  3. Make your home accessible.  If your home is easy to show you will get maximum exposure
  4. Make sure that your agent is getting feedback from showings and sharing this feedback with you.  Listen to the market and adjust accordingly.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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87904 Oak Hill Dr
Price: $385,000 Beds: 3 Baths: 2 Sq Ft: 1573
Seclusion and tranquility! Features large windows and skylights throughout. Sunken living room with fireplace opens to kitchen with eating bar, double oven, pantry and wet bar. Dining room with fireplace and storage. Master bedroom has slider with d...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Coffee

Monday, January 7, 2013
by Galand Haas

VideoVideo

Good Monday Morning!

It is a fact!  90% of all home searches conducted nationally begin online.  Searching for homes online is by far the easiest and most efficient way to look for homes.  Long gone are the days where interested home buyers ride around town with their Realtor viewing home after home while thumbing through the pages of an MLS book.  Online home shopping is convenient and it allows the prospective home buyer the ability to keep up with current listings and prices.

There are may resources that will alow you to search for homes online and some are much easier to navigate and have more options than others.  We have found that here in the Eugene and Springfield market area the best home search site is www.forhomeinfo.com.  This state of the art site will allow you to search properties on line based on your search citeria and then save your search so that you are not re-entering it every time you conduct a search.  This site also offers you the ability to set up a property alert, which will automatically e-mail you inofrmation on new properties meeting your search criteria as they hit the market.  

Now is an excellent time to be shopping for a home.  With home price remaining low and mortgage interest rates at historic low levels, there is great oppourtunity and www.forhomeinfo.com is a great tool to use during your home search.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-US-January-2013
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165 Wilkes Drive
Price: $165,000 Beds: 3 Baths: 2 Sq Ft: 1245
Cozy Home with Privacy! Open floor plan/great room is perfect for entertaining. Kitchen with island and eating bar and dining area with slider opens to living room with large window. Master bedroom with bath. Great office with floor-to-ceiling built...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Home Foreclosures dropped to their lowest level since November 2006

Monday, December 17, 2012
by Galand Haas

Good Monday Morning!

Nationally, home foreclosures have dropped to their lowest level since November of 2006.  Here in the Eugene and Springfield area the number of new foreclosures is down significantly as well.  I receive a weekly list of the local mortgage default notices and last week for the first time since I can remember, there were no new notices in the Eugene and Springfield area. 

This is great news both nationally and locally and most likely indicates that the economy is on the upswing and that we have weathered the worst part of the foreclosure storm.  This trend could indicate the beginning of a return to a more normal housing market.

Mortgage interest rates continue to hold at historic low levels and this has created an extremely hot Real Estate market in many parts of the country.  In fact in areas that were very depressed just months ago, such as the Phoenix area of Arizona and Orange County in Southern California, multiple offers are now frequent on many homes for sale. Nationally and locally there is a shortage of home inventory in many price ranges and neighborhoods.  If this trend should continue we may see home prices on the rise again.  This would be good news for many home owners.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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3845 Harlow Rd
Price: $188,000 Beds: 3 Baths: 2 Sq Ft: 1314
Adorable Home with Attention to Detail! High ceilings, bay window, architectural arches, granite counters, lifetime vinyl siding, double-pane vinyl windows, recessed lighting. Entry with tray ceiling & large closet. Kitchen opens to dining area with...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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There may never be a better time to upgrade to a larger home than now

Monday, December 10, 2012
by Galand Haas
VideoVideo

Good Monday Morning!

For many reasons there may never be a better time to be a move up buyer than right now.  To start with if you are considering moving up to a larger and more expensive home, that larger home most likely has taken a larger price hit during the down turn than your existing home.  This means that you may be making money immediately upon the purchase.  Also, most of the time the larger, newer or more expensive homes will typically be in a neighborhood of homes that might appreciate better than your existing home. Your existing home may be in demand in this market.  If your existing home fits into the criteria for first time buyers or FHA financing then there is a good chance that demand might be high for your home right now.  This means the value of your existing home may be elevated from even just a few months ago.  

With all of this working for you and the continuing historic low mortgage interest rates, it may be the perfect time for you to consider an upgrade.  You might be very happy in the years ahead as you see how well your new home purchase appreciates.

Have An Awesome Week!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-US-December-2012
Image Unavailable
1685 High St
Price: $405,000 Beds: 7 Baths: 4 Sq Ft: 2638
Multifamily property in great location! 1685 is detached unit with 1 bed, 1 bath. 1695 is 2 bed, 1 bath basement unit with fireplace. 309 is a 4 bed, 2 bath, 2-level unit with fireplace, front porch and deck. All 3 units have had some updating. Loca...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Real Estate as an Investment

Monday, December 3, 2012
by Galand Haas
VideoVideo

Good Monday Morning!

If you are considering Real Estate as an investment, there has been no better time than right now to get into Real Estate investment.  With the current low home prices, the historic low mortgage interest rates and high rents in many areas, Real Estate investment right now makes great sense.  The other attractive part about investing now is that you are purchasing at the bottom of the market.  As Real Estate values increase in years to come, an investment made today will really pay off.  Many fortunes will be made by those investing at the bottom of the market.

Real Estate investment is easy. What is important is that you connect with someone who knows the market and can guide with investments that will create revenue now and also appreciate well over time.  I have been working with Real Estate investment for well over 20 years.  If you are curious about how Real Estate investment might work for you, please contact me and we can look at the many options available.

Have An Awesome Week!

Video Link: http://eugeneoregonhomesforsale.com/video/Gutter-Maintenance-2
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56411 McKenzie Hwy, Unit 1
Price: $237,500 Beds: 2 Baths: 2 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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Should You Remodel Or Sell

Monday, November 26, 2012
by Galand Haas

Good Monday Morning!

With many homeowners still in a position of having either no equity or little equity in their home a frequent question is whether to remodel or to sell and purchase another home.  When trying to come up with the best answer for this it really takes some research on the part of the homeowner.  Remodels can be very expensive and many times the homeowner will not see a return on their remodel investment.  The best way to approach this question is to first get a solid idea of what your home is worth on the market today.  Then you should come up with a solid idea as to what a new home might cost you right now.  Once you have done this then get bids for the cost of doing improvements to your existing home.  You will also want to get an idea of what your existing homes value will be following the remodel.  Now that you have this information you can come up with an idea as to which avenue is going to be the best financial decision.  Sometimes the remodel makes great sense, but I also see many people get buried with an expensive remodel that they will never recapture their money on.

If you live in the Eugene and Springfield market area you can obtain a market value analysis on your home online at www.forhomesellers-nonSmartZip.com.  You can also contact me directly for a no obligation market value analysis. I can also give you an idea on what your home value should be following your remodel.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
4125 Alder St
Price: $299,000 Beds: 3 Baths: 2 Sq Ft: 2627
Nestled in the Hills! Wonderful views of the trees. Light and bright, spacious living areas, well-sized bedrooms with large closets, master bath with two sinks, living room with slider to large 2 level deck, kitchen with eating area, dining room, 2 ...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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If You Want to Sell Your Eugene or Springfield Home Put It On The Market Now!

Tuesday, November 20, 2012
by Galand Haas

Each Fall and Winter I see the inventory of homes for sale in the Eugene and Springfield market areas hit their lowest levels.  This year is no exception and as we enter into Winter we are experiencing the lowest inventory of available homes that we have seen in years.  Typically, I encourage sellers to keep their homes on the market throughout this time period because the chances of selling increase dramatically with the lower competition levels.  

This year if you are thinking about selling your home I would advise you to get your home on the market now.  Not only are we experiencing low home inventories, but historic low mortgage interest rates have buyers out there ready to buy.  The truth is that for the first time in years we are seeing multiple offers and we have buyers that we actually can't find homes for.  Why not put your home on the market during a time when you actually have the best opportunity to sell.  The odds are that your home will sell faster and for more money than if you wait for Spring.

With the uncertainties of the fiscal cliff and the economy that could send mortgage interests rates spiraling higher, it makes sense to take action now.

If you would like to find out what the market conditions look like for your home, please call me today at 541-349-2621 or e-mail at [email protected].  I promise no pressure to list your home, just the information you need to help you make the best decision.

 

 

 

 

 

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October 2012 Numbers are in!

Monday, November 19, 2012
by Galand Haas
VideoVideo

Good Monday Morning!

The statistics are in for October home sales in the Eugene and Springfield market areas.  It appears that October was yet another month of positive numbers for home sales.  Pending sales for October were up 26.4% over September of this year and were up 12.3%  over October of 2011.

Homes sales in October dropped very slightly from September, but were up 19.2% over October of 2011.

New listings hitting the market were down slightly from September and also from October of last year.  

There is currently 5.5 months of active home inventory.  This number is down substantially from the 7.6 months of inventory that was on the market in October of 2011.  

October's average sales price was at $202,500.  This is in comparison with the $197,000 for October of 2011.

The average time that it took for a home to sell in October was at 119 days.  This compares to 130 days for the same time period in October of 2011.  

With record low mortgage interest rates this current trend may continue for a while.  If the overall economy would improve and mortgage interest rates were to continue, the Real Estate market would most likely continue this upward trend. Time will tell, but for right now the news is  great for the Eugene and Springfield Real Estate market.

 

Video Link: http://eugeneoregonhomesforsale.com/video/IMG-0966-2
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2434 Royalann Ln
Price: $295,000 Beds: 4 Baths: 2 Partial 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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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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