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The Real Estate Market in the Eugene and Springfield Area

Monday, March 5, 2012
by Galand Haas
VideoVideo

Good Monday Morning!

We had a little taste of Spring over the weekend here in the Eugene and Springfield area.  Let's hope there is lots more on it's way soon.

The Real Estate market in the Eugene and Springfield area has improved some, but selling a home remains to be a tough situation for most sellers.  The good news is that we are selling homes, but the ones we are selling have several key factors going for them.  The most important factor that they have going for them is that they are priced right.  Over priced homes just sit and watch the market go by. Even homes that are slightly over priced don't sell in this market.  The second factor that will help any home sell in this market is condition.  Making sure that your home looks great will not only help it sell, but it will help you get top dollar for your home.  Doing paint touch up, dressing up landscaping, taking care of general repairs and even staging your home can make all of the difference in this market.

The reality is that the market here in our area will most likely continue to decline in value for another year or so.  When the housing market does hit bottom we will remain there for three to four years in a flat market before we begin a slow climb out.  It may be eight to ten years before we reach values where they sit today.  So unless you can wait this long to sell your home, it is best to price it right now and make sure that it shows well. The quicker it sells, the more money you will realize form your home sale.

Have An Awesome Week!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-US-March-2012
Image Unavailable
2434 Royalann Ln
Price: $305,000 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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Housing Market Update

Monday, February 27, 2012
by Galand Haas

Good Monday Morning!

January saw the housing market improve from a year ago in the Eugene and Springfield area by over 30%.  Nationally, we have watched as 3 out of the last 4 months have seen improvements in home sales.  Nationally, the numbers were up by 4.3% in January.  This is good news because typically home sales and improved construction of new homes will lead the way for any kind of economic recovery.  It is an interesting cycle because an improving economy fuels home sales and home sales fuel economic recovery. If we can see 3 to 4 more months of steady recovery in our local area it will be a great indication that employment numbers, etc. will start to improve soon.  I will keep you updated on what the local housing market is doing.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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2491 Blackburn St
Price: $259,000 Beds: 4 Baths: 3 Sq Ft: 2338
Spacious home with great updates! Great separation of space throughout. Kitchen and baths updated with granite counters and tile floors. Kitchen also features oak cabinets, eating bar, and pantry. Large master suite with in-room vanity and walk-in c...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Statistics for January Home Sales

Monday, February 20, 2012
by Galand Haas

Good Monday Morning!

The statistics are in for January home sales in the Eugene and Springfield area.  January was an improved month for home sales if you compare it to January of 2011.  Just remember that January of 2011 was one of the worst months for home sales in recent years. Closed sales were up by 28.6% over January of 2011 and pending home sales were up by 12.2% comparing the same time periods. The interesting thing is that home sales were down by 13.9% in January 2012 compared to December of 2011.  January saw 198 homes sales and December had 230.  Pending sales actually increased in January 2012 over December of 2011, which is a good sign.  January had 249 pending sales compared to 228 in December.  There is currently 7.8 months of active home inventory and this is considerably less than the 12.4 months of inventory we had in January of 2011.  However, the 7.8 month of inventory in January is up from the 6.4 months of inventory we had in December of 2011.

All of this is good news because the market seems to be stabilizing somewhat at this time and not continuiing in free fall mode.  Time will tell as to where the market is actually heading.  I would say that the current market is very fragile and any bad economic news or mortgage interest rate increases could send it tumbling.  For now though there is a bit of hope that we are on the road to recovery.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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4450 S. Shasta Loop
Price: $650,000 Beds: 3 Baths: 3 ∏ Baths: 1 Sq Ft: 3874
Stunning ICF-constructed, custom home! Enjoy media, family room, guest room and spa room! Great separation of space, skylights, fireplace, large kitchen with 2 sinks, pantry, lots of storage, and nook. Two bedrooms with in-room vanities. Master suit...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Things to consider before buying a home

Monday, February 13, 2012
by Galand Haas

Good Monday Morning!

The dream of homeownership is still at the top of the list for many.  Today's lower housing prices and low mortgage interest rates have certainly made this dream a reality for many.  If you are considering a home purchase either now or in the near furture it should be a great investment for you over time.  Part of the consideration process for a home purchase is making a budget.  Along with your home payment, here are just a few additional things that you might want to consider when making that budget.

1. Property Taxes:  In Oregon property taxes vary considerably.  Depending upon whether you purchase in Eugene or Springfield or different parts of either town, your property taxes may vary a great deal.  If you are purchasing a rural property they will be much less than a property in town. You will want to get an idea of what your property tax amount might be and add this to your monthly payment expense.

2. PMI or mortgage insurance.  If your down payment is less than 20%, you will be paying for morgage insurance.  You can get an idea of this cost by consulting your mortgage professional. You will also want to add this to your monthly housing costs.

3. HOA Fees.  Many neighborhoods have associations and many have monthly or yearly fees involved.  You will want to determine if the home you are thinking of purchasing is in an HOA and then determine what fees if any are involved.  This also may add to your monthly housing expense.

4. Homeowners Insurance.  You will also need to have a homeowners insurance policy on your home.  The rates for homeowners policies will vary because of location, home value and of course add ons such as earthquake or flood insurance.  You will want to get an good idea from your insurance agent on these costs and add this to your monthly housing expense also.

5. Utilities. Utilities, which include water, sewer, electric, gas, etc. can also vary significantly from area to area depending upon the utility company that services each specific neighborhood.  The costs can also vary a great deal from home to home depending upon age of the home, heating source and of course size of the home.  You can get estimates on costs from your local utility companies.

6. Appraisal and other closing costs.  Your home mortgage professional can give you a good idea on what these costs might be.  These costs are up front costs that you will be required to pay upon closing your home purchase transaction.  Also, ask your mortgage professional or your Real Estate agent about how you might get your seller to cover some of these costs.  It is important to know these fees so that there are no surprises at the closing table.

If you are interested in purchasing a home and would like professional help with determining these costs and also looking at just how much home you can purchase in this market, please call us. We help hundreds of buyers each year set a budget as part of the home purchase process.

Have An Awesome Week!

 
 
 



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Real Estate in Eugene/Springfield

Monday, February 6, 2012
by Galand Haas
VideoVideo

Good Monday Morning!

The sunshine has certainly been welcome here in the Eugene and Springfield area.  It looks like a full week of it ahead.  Enjoy!

A very low inventory of homes for sale in our area continues to make it tough for buyers.  This is especially true in the first time buyer price ranges of $175,000 and below.  This could continue to be the situation for the months ahead.  If this condition continues it could cause the end of the buyers market and slowly shift our market in favor of sellers. For first time home buyers this could make it much harder to purchase a home down the road.  We will keep you updated as this unfolds.

Have An Awesome Week!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-US-February-2012
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202 Foxtail
Price: $175,000 Beds: 2 Baths: 2 Partial Baths: 1 Sq Ft: 1744
Very classy condo in wonderful natural setting with a great 2-level floor plan. Offering a spacious living rm, open dining area, well-designed kitchen & cozy family rm with access to a deck. The upstairs master features a lovely vanity, private bath...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Coffee

Monday, January 30, 2012
by Galand Haas
VideoVideo

Good Monday Morning!

Here is this months Eugene and Springfield Real Estate update!

Have An Awesome Week!

Video Link: http://eugeneoregonhomesforsale.com/video/Galand-Haas-EugeneSpfld-Market-Update
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3640 Meadow View Drive
Price: $625,000 Beds: 3 Baths: 3 Partial Baths: 1 Sq Ft: 4100
Magnificent Home on the Golf Course! Wonderful views from almost every room! Formal dining room, office, butler’s pantry, entertainment room with bar and see-through fireplace. Vaulted ceilings, lots of windows, beautiful archways and finishes...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Curious about your homes value?

Monday, January 23, 2012
by Galand Haas

Good Monday Morning!

It was an interesting week in the Eugene and Springfield area with all of the wind and rain.  The short break between storms is a welcome site.

Most homeowners in our area are very curious about what has taken place with their home value over the past several years.  Everyone knows that the value of their home has dropped, but few know how much the value has actully decreased.  The amount of value change can vary significantly from area to area and home to home.  The best way to get a true picture of your homes value is to call me and have me visit your home.  From this I can give you a very detailed and accurate view of your homes present value.  Just call me if you would like me to do this for you.

If you want an easy and quick look at your homes current market value you can also log onto the web site www.forhomesellers-nonSmartZip.com.  At this web site just enter in your homes information and you will be furnished with a fairly detailed look at your homes present market value by e-mail.  The great thing about this system is that it will send an updated report to your in box every month and it is completely FREE.  

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

 
 
 
Image Unavailable
29296 McTavish Ln
Price: $625,000 Beds: 2 Baths: 2 Sq Ft: 2013
Amazing log cabin with classy appeal. Private, paved driveway leads to the carport. Great room offers stone fireplace & wonderful view of the valley with windows to exposed wooded beams. Adorable kitchen with island. Master suite offers amazing view...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Eugene and Springfield Market Trends

Monday, January 16, 2012
by Galand Haas

Good Monday Morning!

What a surprise!  We all woke up this morning to a bit of the white stuff on the ground.  It looks like it may be here for a day or so.  Drive safely!!

The December numbers are here for the Eugene and Springfield Real Estate market.  Our trend of lower home invetories and falling prices continues.  

For December 2011 closed home sales were exactly the same as for December of 2010 at 230 closed sales.  Pending sales however increased by a whopping 28.8% over December of last year.  The number of new listings hitting the market in December of 2011 fell 5.3% from December of last year.  

Closed sales in December were up over November at 230 to 214, which is a 7.5% increase.  Pending sales increased by 1.8% over the same time period.  New listings were off by 30% in December over November.

In December there was 6.4 months of active home inventory on the market.  This is substantially less than the 12.4 months of inventory that we saw in January of 2010.  Also, remember that 6 months of inventory is the dividing line between a buyers and sellers market. Over 6 months is a buyers market and under is a sellers market.  With low home inventories right now, if you are considering a home sale this year, "DO NOT MISS THIS CURRENT SHORT WINDOW OF OPORTUNITY"!

The average sales price coninued to decline and was off by 3.2% from December of 2010.  The average sales price now stands at $199,100.  The average time it took a home to sell in December 2011 was 130 days.

THIS WEEKS HOT HOME LISTING!

Image Unavailable
7321 B Street
Price: $172,900 Beds: 3 Baths: 2 Sq Ft: 1734
Nice family home with an open spacious living room and kitchen. Park-like backyard with trees and paths. Sunroom for entertaining. RV parking and fenced yard....



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Coffee

Monday, January 9, 2012
by Galand Haas

Good Monday Morning!

It was a gorgeous weekend in the Eugene and Springfield area.  Our Spring like weather is nice, but the snow pack is suffering so far this year as a result. Many years February and March will see heavy snow fall, so too early to panic.

Inventories of homes available for sale remain at the lowest numbers in a long time.  My prediction is that this trend will hold consistent through March.  If you are considering the sale of your home this year, don't miss this window of opportunity.  Once the inventory of available homes picks up again look for longer times on the market and for lesser sale prices.  Right now is the best chance you will have this year for a home sale.  Don't delay if you are going to sell.

Have An Awesome Week!

 

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

Image Unavailable
29296 McTavish Ln
Price: $625,000 Beds: 2 Baths: 2 Sq Ft: 2013
Amazing log cabin with classy appeal. Private, paved driveway leads to the carport. Great room offers stone fireplace & wonderful view of the valley with windows to exposed wooded beams. Adorable kitchen with island. Master suite offers amazing view...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Mortgage Rates - Happy New Year!

Monday, January 2, 2012
by Galand Haas

Good Monday Morning!

It is hard to believe, but 2012 has roared in and we are all moving forward into the New Year! I wish you a Happy and prosperous 2012!!!

2012 starts out with a bright spot in the Real Estate market and that is the continuation of historic low mortgage interest rates. 2011 saw rates hit record lows and hold that pattern throughout the year.

 In Freddie Freddie Mac's results of its Primary Mortgage Market Survey®, the average fixed mortgage rates finishing the year near their all-time historic lows helping to keep homebuyer affordability high. Averaging 3.95 percent, the 30-year fixed has been at or below 4.00 percent for the past nine consecutive weeks and only twice in 2011 did it average above 5.00 percent. This has certainly helped the national Real Estate market by making home purchases affordable and helping to make loan qualification a possibility for many who otherwise would be out of the home purchase market.  

Will mortgage rates continue this low level during 2012?  Indications at this time point to a positive "YES"!  This should hold true for no less than the first half of 2012.  With the prediction that homes values will continue their decline in most national markets through 2012, the possibility on home ownership may become even more realistic for many.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

 
Image Unavailable
46747 Goodpasture Rd
Price: $925,000 Beds: 4 Baths: 3 Sq Ft: 3124
Custom home with awesome river views! Great room welcomes you with spacious rooms, numerous windows and skylights, vaulted ceiling with wood columns, detailed custom woodwork throughout. Master suite includes his-&-her closets and sinks, soaking tub...



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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