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Closes Sales Trend Up In Eugene and Springfield

by Galand Haas

Good Monday Morning!

Yeah!  The sun is out!!!!

The new numbers are in for the Eugene and Springfield area Real Estate Market.  There is good news and bad news.  The good news is that sales activity improved from the dismal numbers we saw in January and February of this year.  The bad news is that March of 2011 was off significantly from March of 2010.  Closed sales were down 17.5% from March of 2010, pending sales were off by 30.9% and new listings decreased by 33.8%.  

The number of closed sales finally took a jump over the two previous months.  January saw 160 closed sales in Lane County and February saw 167 closed sales.  There were 227 closed sales in March, which is very good news.

There are currently 1,943 residential properties on the market and this adds up to 8.6 months of active inventory.  The amount of active inventory has been shrinking over the past several months.  The average sales price of a home continues to slide and it was 9.9% less than in March of 2010. The average time on the market for a residential property is 152 days.

Have An Awesome Week!

THIS WEEKS HOT NEW HOME LISTING!

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1336 Tamarack St
Price: $180,000 Beds: 4 Baths: 2 Sq Ft: 1471
Wonderfully updated home with huge backyard. On quiet street close to park and schools. Features light and bright living room with brick fireplace, well-sized bedrooms, updated baths, master suite with walk-in closet. 4th bed could be an office. New...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

Considering Listing Your Home?

by Galand Haas
VideoVideo

If you are considering putting your home on the market then watch this short video.  It could help you get more money for your home and keep expenses down!

Have An Awesome Week!

 


Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-In-Real-Estate-US-May-2011

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2665 Cumberland Drive
Price: $500,000 Beds: 3 Baths: 2 Partial Baths: 1 Sq Ft: 2871
Custom luxury home in Hawthorne Estates offers many luxury features: central vacuum system, central sound system, built-in alarm system, garage has above ground storage, the office has built-in cabinets and french doors, dining room offers built-in ...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

March Is A Great Time To Put Your Home On The Market

by Galand Haas

Good Monday Morning!

Wow!  What a wind storm that hit the Eugene and Springfield area yesterday.  For a storm that was short in duration it caused a great deal of damage.

If you are considering the sale of a home this year, don't wait.  Right now home inventories are most likely at the lowest levels you will see this year.  Inventories of homes will build as we get closer to the Summer months and this year the number of foreclosure and short sale homes will lead the way. This makes for a much more competitive market and will also put more pressure on home prices.  March, April and May could be your best window of opportunity to sell your home this year.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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86040 Cherokee Drive
Price: $775,000 Beds: 6 Baths: 4 ∏ Baths: 1 Sq Ft: 4300
Gorgeous, secluded rolling hills setting in Cherokee Hills. Heart of wine country. Open beam ceilings, brick fireplace, 2 master suites. All brand new. Tudor Style home with 4 car garage. Just minutes from town....

National Home Sales Tick Up!

by Galand Haas

Good Monday Morning!

Finally, some good news from the National Association of Realtors.  Nationally, home sales were up 3.7 percent for the month of April.  This is extremely good news because of the fact that homes sales had been on a long term skid downwards.  NAR is not predicting a 5% to 10% increase in homes sales nationally this year.  

The Real Estate market both nationally and locally can be affected by consumer confidence.  Anytime positive information comes about it has a significant impact in this market.  Many times good news brings about even more good news.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
86040 Cherokee Drive
Price: $775,000 Beds: 6 Baths: 4 ∏ Baths: 1 Sq Ft: 4300
Gorgeous, secluded rolling hills setting in Cherokee Hills. Heart of wine country. Open beam ceilings, brick fireplace, 2 master suites. All brand new. Tudor Style home with 4 car garage. Just minutes from town....



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

VideoVideo

Good Monday Morning!

Real Estate sales in the Eugene and Springfield area continue to slump.  January saw 160 closed Real estate transactions in Lane County and February saw 161 closed sales.  This is an extremely low number in comparison to a normal market.  Just think, there are over 700 Real Estate Agents in the Eugene and Springfield area.  This low number of home sales is putting much more pressure on home prices, so as a result look for home values to continue their decline.

This is not such great news for home sellers, but for home buyers it means that there are some great opportunities in this market.  There are also more Foreclosure properties hitting the market and these also offer some potential for a great deal on a home.  If you would like to receive a weekly list of Foreclosure and Bank Owned homes by e-mail just visit the web site www.eugenebankowned.com.  By registering at this site you will receive a weekly list of the most recent homes to hit the foreclosure list.

Have An Awesome Week!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-US-March-2010



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

New Home Construction Hits Low

by Galand Haas

Good Monday Morning!

One of the largest changes we see in the Eugene and Springfield area and for the most part across the country is the lack of new home construction.  Just a few short years ago new home were springing up everywhere in this area throughout most of the country.  Now it is an unusual site to see a home under construction. The home building industry nationally remains in the doldrums with little change in site.  The high cost of new construction in comparison to existing home costs, the competition of the foreclosure and short sale homes and difficulty in finding financing have taken their toll on the building industry.  Also, overbuilding in some areas has had an enormous impact.

Many economists feel that there will not be a true rebound in our national economy until the home building industry is healthy again.  There are just so many other industries that spin off from home building.  Needless to say, there is also a home deficit beginning to take place in many areas from the lack of homes being produced for a number of years now.  

The first sign of a return to a healthy Real Estate market will be the appearance of new homes under construction again. As existing home inventories reduce over the next few years and pent up demand picks up steam, this familiar scene will once again be present.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
1336 Tamarack St
Price: $180,000 Beds: 4 Baths: 2 Sq Ft: 1471
Wonderfully updated home with huge backyard. On quiet street close to park and schools. Features light and bright living room with brick fireplace, well-sized bedrooms, updated baths, master suite with walk-in closet. 4th bed could be an office. New...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

What's In Store For the 2011 Housing Market?

by Galand Haas

Good Monday Morning!

Happy New Year!  It's hard to believe that 2011 is less than a week away.

What is in store for the national housing market for 2011?  Is it just more of the same or will we see a rebound?  Well, the experts at the National Association of Realtors think it's a combination of both.

According to the NAR experts look for a dismal December 2010 followed by 3 quarters of continued home value declines across the nation in all housing markets.  Some markets will certainly be hIt much harder than others.  The decline in sales and home values should be less severe than what most of us witnessed in 2010.  NAR also predicts that by the 4th quarter of 2011 the pent up demand for housing will begin turning the market around and that sales will begin to increase and stabilize pricing.  This prediction comes from the fact that the nations population has grown by almost 10 million since the beginning of the housing market slowdown and this has created a significant pent up demand for housing in many markets.  

Locally, our Eugene and Springfield area market will almost certainly follow the national trend. Whether our market sees any kind of rebound in 2011 may depend more on the local economy than on population growth.  Any way you look at it, 2011 will be full of surprises as the Federal government tries to turn the housing market around with a variety of tactics.  Let's just hope that whatever they do next year has better success than the past.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

 

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202 Foxtail
Price: $185,000 Beds: 2 Baths: 2 ∏ 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

University of Oregon

by Galand Haas

Founded in 1876, the University of Oregon began with just one building (Deady Hall), 155 students, and five faculty members. The university is now the second oldest and second largest public research institution in the state of Oregon, and is the state’s sole member of the elite Association of American Universities, a group of 60 top research universities across North America.

Located in lush Eugene, the campus is in a perfect spot between the Pacific Ocean and the Cascade Mountains which provides a wide variety of activities for the diverse population at the University of Oregon. Eugene offers all the benefits of a small city, but with easy access to all types of outdoor entertainment.

The university is divided up into eight schools and colleges including the School of Architecture and Allied Arts, College of Arts and Sciences, Charles H. Lundquist College of Business, College of Education, Robert D. Clark Honors College, School of Journalism and Communication, School of Law, and the School of Music and Dance. The most popular majors on campus are business administration, psychology, journalism, and political science.

Students at the University of Oregon are very involved both on campus and in the community. There are more than 250 student clubs on campus ranging from swing dancing to marketing. With two museums located directly on campus and several others around Eugene, arts and culture play a major role in student life. One major example is the School of Music’s internationally known Oregon Bach Festival, a choral/orchestral festival the Wall Street Journal has called “one of the world’s leading music festivals.” The Bach Festival’s long list of plaudits includes a Grammy award won in 2001.

Also important to University of Oregon students are its athletic teams; in the 2010 football season, the Ducks made it all the way to the National Championship game only to take home second place. Along with its accomplished football team, the University of Oregon boasts the nation’s most famous track and field venue, Hayward Field, which is the home of its outstanding men’s and women’s track and field teams. The U of O also offers men’s and women’s basketball, cross country, golf and tennis teams, plus men’s baseball, and women’s softball, soccer, lacrosse, volleyball, and acrobatics & tumbling.

Today, more than 23,000 students from all 50 states, the District of Columbia, three U.S. territories, and 85 countries call the University of Oregon home.

The Pearl Buck Center

by Galand Haas

Keller Williams ...

See the video below.

A Great Market For Move Up Buyers

by Galand Haas

Good Monday Morning!

Christmas and New Year has passed and now we are back to the normal, only in the year of 2011. The economic experts continue to feel that 2011 for the most part will be a repeat of 2010 for the housing industry.  With this will come some hardship, but also a great deal of opportunity.

For move up home buyers, those buyers who want to upgrade their residence, there will be plenty of good opportunity.  Yes, the value of the move up buyers home is less than it was a few years ago, but the value of the homes they are looking to move up to have decreased as well.  In fact with most cases the move up home will have lost more value than the home that is being sold. This is just one of the reasons why this market is excellent for move up buyers.  Other considerations are historic low mortgage interest rates and availability of homes to purchase.  So, if you are considering an upgrade to a larger, newer or more prestigious neighborhood, then don't wait.  There may never be another opportunity as good as this one for move up home buyers. The one thing that any of us who watch the Real Estate market can tell you is that in Real Estate things don't stay the same for long.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
810 Cherry Avenue
Price: $140,000 Beds: 2 Baths: 1 Sq Ft: 720
Darling home with classic floor plan on large lot with huge backyard. Featuring a well-sized living room with hardwood floors and woodstove set on brick, a cute kitchen with breakfast nook and 2 tidy bedrooms with closet storage. Outside offers a la...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

Displaying blog entries 601-610 of 846

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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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