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This Month in Real Estate November 2016

by Galand Haas

Good Monday Morning!

This is an exciting week as our nation goes to the polls on Tuesday to select our next President and to vote for members of Congress, the Senate, local goverment officials and many measures.  We are so fortunate to live in a country, where we get to choose and we get to vote.  Our voices are heard through and vote, which is our right.  Please remember how privileged we are and make sure that you exercise your right.

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-November-2016

Have An Awesome Week!!

THIS WEEK'S HOT HOME LISTING!


28135 Spencer Creek Rd

Price: $1,250,000    Beds: 4    Baths: 4    Partial Baths: 2    Sq Ft: 6143

Just minutes from town! This gated country estate is spectacular with an exquisite manor featuring grand staircase, 4 bedroom suites, office, theater room, gourmet kitchen and more. Great shop for RV and storage, creek, waterfall pool, ponds for fis...View Home for Sale >>


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This Month in Real Estate October 2016

by Galand Haas

Good Monday Morning!

The Real Estate market in the Eugene and Springfield area has maintained a good balance over the past several months.  Sales have slowed slightly, but this is most likely seasonal.  Home prices are holding steady and buyer demand is good.  Mortgage interest rates are also holding steady, making the climate for home sales very favorable.  Nationaly this trend is also holding true.  Once the elections are over, we will get a better idea of what the future holds.  One thing for sure is that if we begin seeing across the board tax increases along with rising interest rates, the housing market will suffer!

Have An Awesome Week!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-October-2016

THIS WEEKS HOT HOME LISTING!


2087 Lemuria St

Price: $255,000    Beds: 4    Baths: 2    Partial Baths: 1    Sq Ft: 2080

Delightful and bright! Features lots of natural light, fresh interior paint throughout, new doors and frames. Living room opens to dining area with slider. Kitchen with eating bar. Plus family/bonus room. One bedroom with bath. One huge bedroom/mult...View Home for Sale >>


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Local Market Activity for July 2016

by Galand Haas

Good Morning,

July numbers are in and just as I predicted last month, the figures indicate a slight slowing of the housing market in the Eugene and Springfield area.  Not only were total home sales down from June of this year, but they were also below the level of July 2015.  I would expect to see this trend continue for the remainder of the year.  As indicated by the increase in home values, there seems to be some price resistence beginning.  When home prices increase faster than the economy, there will a market slow down as homes start to become harder to afford.

Lane County had another month of mixed activity in July. Pending sales (549) ended 4.8% ahead of July 2015 (524) but fell 1.1% short of the 555 offers accepted last month in June 2016.

New listings fared similarly—the 670 offered in July topped July 2015 (647) by 3.6%, but fell one short of the 671 offered last month in June 2016 (-0.1%).

Closed sales, at 418, ended 22.9% below July 2015 (542) and 20.2% below June 2016 (524). Even so, these 418 closings were stronger than the 390 closings posted two years ago in July 2014.

Year to Date Summary

Comparing the first seven months of 2016 to the same period of 2015, closed sales (2,833) have increased 3.8% and pending sales (3,359) have increased 5.6%. New listings (4,088) have decreased 4.1%.

Average and Median Sale Prices

Comparing 2016 to 2015 through July of each year, the average sale price rose 6.7% from $243,300 to $259,700. In the same comparison, the median sale price rose 6.5% from $220,000 to $234,400.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

1615 Taney St

Price: $299,000    Beds: 4    Baths: 2    Half Baths: 1    Sq Ft: 1913

Brand new home! Great quality construction with plaster finished walls, maple hardwood & porcelain tile floor, hickory cabinets, granite counters, 9 ft ceiling, LED dimming lights, 3 skylights one of which opens. Great room layout with gas fireplace...View this property >>


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Nationally the Housing Market Remains Robust

by Galand Haas

Good Monday Morning!

It is not just the Eugene and Springfield area that is having a hot Real Estate market.  Nationally, the housing market has been robust and just as in Eugene and Springfield, home prices are on the rise as well. Here is a short and informative article about the national housing market from Realtor.com.

Frazzled home buyers may need to sit down and take a few deep breaths before reading any further. Those rapidly rising home prices have hit an all-time high—and show no signs of slowing down before Labor Day.

The median price of an existing (i.e. not newly constructed) home across the nation reached $239,700 in May, according to a recent report from the National Association of Realtors®. That’s up 3.8% from April and 4.7% from May of 2015.

The previous peak was last June at $236,300.

“The price increases are a natural result of the very strong demand for homes against very limited homes for sale,” says realtor.com’s chief economist, Jonathan Smoke. “It’s pent-up demand… coupled with the lowest mortgage rates we’ve had in three years.”

He predicts prices will continue to surge this summer as buyers fight over the not-nearly-enough residences on the market. But there is hope: the mad rush for available homes is expected to taper off come Labor Day, Smoke says.

“There’s a higher probability that interest rates will go up [in the fall]. School is back in session, which means fewer [parents] are looking to move,” he says, adding that the presidential election will cause some potential buyers in certain areas of the country, like Washington DC, to postpone home buying decisions.

The high prices have been a boon to sellers who are putting their properties on the market and cashing in.

“More homeowners are realizing the equity they’ve accumulated in recent years and finally deciding to trade-up or downsize,” NAR chief economist Lawrence Yun said in a statement. “Repeat buyers are using the proceeds from the sale of their previous home as their down payment.”

Residences also continued to fly off the proverbial shelves at the highest volume for the month of May since 2005—before the financial crisis walloped the world economy. This May, the number of sales hit 526,000, a 11.9% jump from April and a 6.3% rise from May of last year, according to the report. Those numbers were not seasonally adjusted, which is to say they weren’t smoothed out over a 12-month period to account for seasonal fluctuations.

The cost of becoming a homeowner is by far the highest in the West, home to astronomically expensive areas like San Francisco and nearby Silicon Valley, according to the report. The median home price in the region was $346,900 in May and the number of sales rose 0.9% year-over-year to 114,000.

The next most expensive region was the Northeast at $268,600, according to the report. The region also saw the fewest sales, at 69,000, in May. But the number of existing homes sold jumped 11.3% from the same time a year earlier.

The region was followed by the South, where the median home price hit $211,500. The warm weather region saw the most sales at 211,000, a 8.2% rise from a year earlier.

Last up was the Midwest, where prices reached $190,000. The number of sales reached 132,000 in May, a 5.6% bump from May of 2015.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

2484 Crowther Drive

Price: $299,000    Beds: 3    Baths: 2    Half Baths: 1    Sq Ft: 1911

This Heitman Custom Home has been beautifully maintained and offers wonderful amenities and details. Some of the features include crown molding, tray and vaulted ceilings, wainscoting, custom cabinets, hardwood and tile floors, granite and abundant ...View Home for Sale >>


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Local Market Activity for June 2016

by Galand Haas

Good Morning!

Here are the statistics for the June Real Estate market in the Eugene and Springfield area.  As you can see the month of June shows that our local market continues to be extremely strong and that the inventory of homes for sale continues to decline.  In fact 1.8 months of inventory is the lowest that I can remember seeing in this market.  Of concern is the fact that home prices continue to rise at a rapid pace.  In fact, home values now show that they are at or slightly above pre-recession numbers. This is a concern, because at some point, we will begin to see price resistance from buyers.  The fact that the local economy is not keeping up with home price increases means that many buyers are now going to be taken out of the market because they can no longer afford to buy at the new higher prices.  When we hit this point, it will put pressure on pricing and the market will begin to trend downwards.  Any spikes in mortgage interest rates at this time could be very negative to a healthy Real Estate market here.  

If you are consideriing the sale of a home, this may be your last opportunity to take advantage of this strong sellers market.

June Residential Highlights

Real estate activity in Lane County was mixed this June. Closed sales (524) rose 18.8% compared to May 2016 (441), but fell 2.2% short of the 536 closings recorded last year in June 2015. New listings (671) rose 2.1% over May 2016 (657) but fell 1.3% short of the 680 new listings offered last year in June 2015.

Pending sales (555) ended 0.4% short of June 2015 (557) and were 2.1% short of the 567 offers accepted last month in May 2016.

Inventory decreased to 1.8 months in June, with total market time decreasing to 49 days. Lane County ended June with a total of 959 active residential listings.

Year to Date Summary

Comparing the first half of 2016 to the same period of 2015, closed sales (2,379) have increased 9.9% and pending sales (2,852) have increased 5.8%. New listings (3,402) have decreased 5.3%.

Average and Median Sale Prices

Comparing 2016 to 2015 through June of each year, the average sale price rose 7.4% from $241,300 to $259,100. In the same comparison, the median sale price rose 6.2% from $219,000 to $232,500.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

1760 Sweetbriar Ln

Price: $385,000    Beds: 4    Baths: 2    Sq Ft: 1969

Beautiful contemporary craftsman! Features fully remodeled kitchen with long granite counters & island, steel appliances, 5 burner gas Wolf range, cherry wood cabinets. Vaulted ceiling with skylight, hardwood floor and open multi-level floor plan. K...View Home for Sale >>


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This Month in Eugene-Springfield Real Estate March 2016

by Galand Haas

Good Monday Morning!

Nationally, the Real Estate market has cooled off a bit.  Even though mortgage rates have continued to decline and and for the most part remain sub 4%, fewer homes were sold in February and home prices tapered off a bit.  Here in the Eugene and Springfield area, the housing market remains robust, but inventories in the price ranges below $300,000 are still in short supply.  As we approach Spring and Summer it will be interesting to see if both the national and local housing markets take off like they did last year. My prediction for the remainder of 2016 is a fairly flat market with little change.  Time will tell this story.

Have An Awesome Week!

Video Link Here

 

THIS MONTHS HOT HOME LISTING!


83821 N Enterprise Rd

Price: $399,000    Beds: 3    Baths: 2    Sq Ft: 2332

Beautiful country living! Gorgeous 18.62 acres primarily fenced pasture land. Mountain views, large metal barn, detached garage, roof certification in place. Home is somewhat of a cosmetic fixer. Located within 3 miles of stores and school....
View Home for Sale >>


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This Month in Eugene-Springfield Real Estate February 2016

by Galand Haas

Good Monday Morning!

The Real Estate market in the Eugene and Springfield area has started off 2016 by being a strong sellers market.  There is significant demand for homes, but home inventories remain at extremely low levels.  Less than 3 months of active home inventory in our market area means that if no new homes were to go on the market, the existing inventory of homes for sale would be exhausted in less than 3 months.  For anyone wanting to sell their home, this is as good as it gets.  The competition level is very low and the demand is high.  As long as we continue to have extremely low mortgage interest rates, this market will most likley continue.

As I have stated in previous reports, if you are considering the sale of your home soon or in the near future, now is the time to act.  Don't wait for Spring, act now! If you would like to explore what your home is currently worth in todays market, contact me and I can furnish you with a FREE market analysis.  Or if you are are wanting a quick and easy look at your homes value, you can also visit the website www.forhomesellers.com.  This site wil give you a fairly accurate look at your homes current value and is much more accurate and reliable than a Zillow report.

Have An Awesome Week!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-February-2016

 

THIS WEEKS HOT HOME LISTING!


2685 Valley Forge Dr

Price: $509,900    Beds: 3    Baths: 2    Partial Baths: 1    Sq Ft: 2302

Anslow & DeGeneault 2015 Tour of Homes model home. Gas forced air 92% efficiency, exquisite single level, located in beautiful Hawthorne Estates. Easily entertain in Great Rm overlooking backyard. Escape to luxurious owner's ste w/ tray ceilin...
View this property >>


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Myth Busting: Is Winter Really the Worst Time to Sell?

by Galand Haas

Some of us have heard that the worst time to sell a home is during winter months, but is it true? Do homes sell in winter? Is it a good idea to list in winter? No, winter is not the worst time to sell your home. The myth is just that: a myth.  In fact, listing your home in winter is a great idea. The following is an article from Inman News that provides data to disprove the myth. 

Conventional wisdom has it that winter is the worst time to sell a home.

But a recent study from Redfin casts doubt on that belief, finding that listings seem to fare better on the market from January to March than they do during the summer or fall — though spring still seems to take the cake as best the season to put your home up for sale.

From 2010 to 2013, the average share of homes that sold above list price during January, February and March ranged from 11 to 13 percent.

That range ticked up to between 12 and 14 percent during April, May and June, and then slumped for the summer and fall.

From July to November, the share of homes that sold above list price stayed steady at 11 percent before increasing to 12 percent in December.

According to the study, homes also tended to sell at the slowest rate during the summer and fall, with September (83) and October (83) registering the highest average number of days on the market between 2010 and 2013.

While the data suggested homes were most likely to sell the fastest and at the highest price during the spring, winter turned out to be the season where a homeowner has the best shot at selling within 90 days.

January (62 percent), February (64 percent) and March (62 percent) led the pack as the best months for selling a home in 90 days or sooner, while October (58 percent) and November (58 percent) came in  last.

Data provided by Redfin

Article originally posted on Inman News

Good Monday Morning!

Here are the residential home sales numbers for October of 2014.  October was one of the best sales months in the Eugene and Springfield area in years.  Note that the inventory of homes currently on the market for sale has declined to 3.8 months of active inventory.  This is also the lowest inventory of homes actively for sale that we have seen in many years.

If you are considering the sale of your home, I have one word of advice and that is to get your home on the market," NOW"!  Take advantage of the low inventory and lack of competition.  It won't last!

October Residential Highlights

October brought an uptick in closed sales to Lane County! The 404 closings represented 15.8% increase over September’s 349 and a 33.3% increase over last October’s 303. It was the best October for closings in Lane County since 2005, when there were 455. Pending sales (370) were also strong this month, a 5.4% increase from September’s 351 and 25.4% increase from last October’s accepted offers. New listings, at 394, cooled 9.6% from September’s 436 but fared 6.5% better than the 370 new listings posted last October.

Inventory contracted to 3.8 months in October, and total market time decreased to 88 days.

Year to Date Summary

Lane County has nearly caught up to its 2013 activity. In the first ten months of the year, new listings

(5,308) and pending sales (3,504) have increased 4.0% and 3.6% over the same period in 2013. Closed sales (3,259) have decreased 0.2% from the same time last year.

Average and Median Sale Prices

The average price during the first ten months of 2014 was $236,000, up 4.0% from the same period of 2013, when the average was $227,000. In the same comparison, the median has risen 4.5% from $202,000 to $211,000. 

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
393 Lenore LOOP
Price: $249,000 Beds: 3 Baths: 2 Sq Ft: 1649
Pristine & brand new! This beautiful home offers spacious entry, laminate wood floors, granite counters, vaulted ceiling, gas fireplace & Great Room. Dining area with slider, kitchen with stainless steel appliances, island, eating bar & recessed lig...



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Winter Home Care Tips!

by Galand Haas

Now that we are well into Fall and the weather has certainly changed, it is that time of year to make sure that your home is prepared for the weather ahead.  Here is an informative article from Realty Times that gives you some great inofrmation on winterizing your home.

April may bring showers, but winter weather can bring all sorts of other unexpected and expensive damages to your home. Fall's cool temperatures are a reminder that winter days are on their way - take stock of what you may need to do to prepare your home beforehand, and you'll be ready for the onslaught of ice and snow. Here are several simple, cost-effective tasks you can do now to make the transition into the colder months easier.

1. Clean Out Your Gutter

Once the leaves are off the trees it's time to clean out your gutters. Poorly maintained gutters can damage the roof of your home as well the exterior. When snow and ice mix with clogged gutters, it's a recipe for disaster, inside and out. Leaves and debris will prevent moisture from running off the roof, resulting in ice dams and water leaks. Before flurries form make sure to clear out any waste that's accumulated, and also be sure to note any missing or broken pieces and have them repaired. Remove potentially hazardous branches, or structurally unsound trees that could pose problems under the weight of snow or in the midst of a dangerous windstorm.

2. Have Your Heating System Checked

You don't want to be the person waiting in the frigid cold for a repairman to come when your heater stops in the dead of winter. Instead, have an inspector come in and make sure that the system is well ventilated and running smoothly before the first cold snap hits. Inspections generally run between $70-$100. If you live in an area where winter storms consistently knock out both electricity and heat, consider investing in a small generatorLearn more about what you can do to ensure that your system is operating properly, and give yourself time to make any needed repairs before winter comes and the heating companies are overbooked.

3. Have a Snow Preparedness Kit

It's happened to all of us. Waking up to discover a solid two feet of fluffy white snow layering the ground, only to realize that we've just got one old, dull shovel to dig ourselves free. Before stores are bought out of the necessities, make sure you have everything you need in case of a blizzard:  a shovel, flashlights with extra batteries, one or two bags of road salt to coat the driveway, sidewalk, and walkways, and an ice scraper or two. Keep an emergency kit in a designated spot, and when you awake and find yourself trapped in a winter wonderland, you won't be stuck trying to come up with new and inventive ways of unearthing your car tires.

4. Reverse Your Ceiling Fans

Ceiling fans aren't only useful in the summer months. If your fan has a reverse switch, you can keep your home extra warm in the winter by reversing the cycle of the blades. Having the blades rotate in the opposite direction will create an updraft. Since heat rises, this pushes the hot air down and re-distributes it throughout your house. It's especially useful for homes that have high ceilings.

5. Caulk Doors and Windows

In the depths of winter the average home can lose nearly one third of its heat through drafty windows and doors. If the gap between your windows and doors is greater than the width of a nickel, it's time to reapply some exterior caulk to prevent this heat from escaping. Silicone caulk is highly recommended due to its non-shrinking quality and impermeability to the harsh elements. Block drafts from coming under doors with "draft dodger" door stoppers. You can easily make your own at home. Taking these extra steps will ensure that when the temperature drops, the cold and unforgiving air will stay outside where it belongs, and save you any money you'd be spending on additional heating.

Have An Wesome Week!

THIS WEEKS HOT HOME LISTING!

 

 

Image Unavailable
393 Lenore LOOP
Price: $249,000 Beds: 3 Baths: 2 Sq Ft: 1649
Pristine & brand new! This beautiful home offers spacious entry, laminate wood floors, granite counters, vaulted ceiling, gas fireplace & Great Room. Dining area with slider, kitchen with stainless steel appliances, island, eating bar & recessed lig...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

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