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This Month in Real Estate August 2017

by Galand Haas

Good Morning!

Home prices continue to rise both here in the Eugene and Springfield area and nationally.  In many parts of the country, home sales are begiining to slow.  This could mean that we have reached a point where there is resistance to home pricing.  When this occurs, we will typically see a market slow down that is extended and inventories of homes for sale that begin to build.  All of this happens until there is enough pressure on home pricing that it begins to drop.  Then the cycle starts all over again as home prices become more affordable, demand increases and prices begin to rise again.  This is the cycle of home sales that repeats itself over and over again.  We have had a long run with home values increasing, so the inevitable is most likely on the horizon.

Have An Awesome Week!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-In-Real-Estate-August-2017

THIS WEEKS HOT HOME LISTING!
Image Unavailable
1350 DAVID AVE
Price: $235,000 Beds: 3 Baths: 2 Sq Ft: 1920
Spacious and bright! Triple-wide manufactured home on its own lot. Features an open layout, vaulted/high ceilings & lots of natural light. Large living rm plus family rm. Kitchen w/ island & eating bar. Large open dining area. Master suite with 2 cl...View this property >>

 



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This Month in Real Estate June 2017

by Galand Haas

Good Monday Morning!

The national home market has slowed slightly as home prices continue to rise.  The question both locally and nationally is whether the fast rising home prices have now started to effect sales.  Home affordability has certainly become an issue with double digit home price increases over the past year.  The question at this time is not if the market will slow due to rising prices, but when.  The next few months should be interesting!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-June-2017

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!


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56324 MCKENZIE HWY
Price: $425,000 Beds: 3 Baths: 2 Sq Ft: 2070
Riverfront Retreat on 2.48 Acres! Enjoy river views spanning south end of property. Unwind in hot tub, walk short trail for easy river access & relax on large deck. Beautiful park-like yard w/ horseshoe pit, sand volleyball ct, garden & mature trees...



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Latest Market Activity for May 2017

by Galand Haas

Good Morning!

May of 2017 showed as a very strong month for the Eugene and Springfield area housing market.  Home sale were up and home price continued to increase.  With home pricing up at near 10% over the last year, home affordability may be a huge factor in the coming months.  Here is the May 2017 home sales report for Lane County.

Lane County had strong activity across the board this May. New listings (752) outpaced May 2016 (657) by 14.5% and April 2017 (577) by 30.3%. The last May that saw new listings as strong was in 2007, when 804 new listings were offered for the month. 

Pending sales (638) bested May 2016 (567) by 12.5% and April 2017 (488) by 30.7%.—the strongest May on the RMLS record, which dates to 2001. 

Closed sales (444) were less strong, but still edged 0.7% over the 441 closings from May 2016 and 23.0% over the 361 closings recorded last month in April 2017. 

Total market time decreased to 51 days in May, with inventory slimming slightly to 1.6 months. 


Year to Date Summary 

Comparing the first five months in 2017 to the same period in 2016, new listings (2,642) have decreased 2.0%, closed sales (1,765) have decreased 3.1%, and pending sales (2,220) have decreased 4.4%. 

Average and Median Sale Prices 

Comparing 2017 to 2016 through May of each year, the average sale price rose 9.7% from $252,800 to $277,300. In the same comparison, the median sale price rose 8.7% from $229,900 to $250,000. 


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THIS WEEKS HOT HOME LISTING!

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2698 SUNCREST AVE
Price: $659,000 Beds: 4 Baths: 3 Sq Ft: 4509
Spectacular hilltop haven with valley view! Natural light floods in from custom windows/skylights presenting breath-taking views & sunsets. Cathedral ceiling & gas fireplace in living rm. Family rm with 2 sliding doors leading to large patio. Contem...



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Latest Market Activity for April 2017

by Galand Haas

Good Morning!

April Real Estate activity in the Eugene and Springfield market area was up slightly over March of this year, but running behind April of a year ago.  Low inventories of homes for sale and an average home price increase of nearly 10% over last year are the culprits.  We are in a strange market right now with extremely low inventories of homes for sale and rising home prices.  I don't want to sound the alarm, but this is a dangerous spiral and it could result in a quickly declining market at some time.  When home prices become non-affordable, sales decline and price come down.  What happens in our local market over the next several months should tell us the story about where we are heading.  Here are the numbers from April.

Lane County saw some warmer activity again this April, although numbers are a bit cooler compared to April 2016. New listings, at 577, ended 1.5% below April 2016 (586) but 7.4% ahead of March 2017 (537). 

Pending sales, at 488, decreased 11.8% compared to April 2016 (553) but edged 2.1% ahead of the 478 o ers accepted last month in March 2017. 

Similarly, closed sales (361) had a 10.0% decrease from the 401 closings recorded last year in April 2016 but pulled 1.7% ahead of the 355 closings recorded last month in March 2017. 

Inventory crawled upward in April, ending at 1.8 months. Meanwhile, total market time decreased by 13 days, landing at 56 days.


Average and Median Sale Prices 

Comparing the average price of homes in the twelve months ending April 30th of this year ($270,400) with the average price of homes sold in the twelve months ending April 2016 ($246,700) shows an increase of 9.6%. The same comparison of the median shows an increase of 8.4% over that same period. 


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THIS WEEKS HOT HOME LISTING!

Image Unavailable
56324 MCKENZIE HWY
Price: $425,000 Beds: 3 Baths: 2 Sq Ft: 2070
Riverfront Retreat on 2.48 Acres! Enjoy river views spanning south end of property. Unwind in hot tub, walk short trail for easy river access & relax on large deck. Beautiful park-like yard w/ horseshoe pit, sand volleyball ct, garden & mature trees...

 


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Latest Market Activity for February 2017

by Galand Haas

Good Morning!

Here are the numbers for the February 2017 Real Estate market in the Eugene and Springfield area.  As you can see, there was little change.  The inventory of homes for sale remains critically low and the result is fewer sales and higher home prices.  The Eugene/Springfield area remains as one of the lowest areas in the country for active homes for sale at just 2.2 months of active inventory available.  All that I can say is the same thing that I have been saying.  If you are thinking about selling your home in the near future, this is the top of the market for home pricing and you should take advantage of it. Here are the numbers for February.

 

February Residential Highlights

Activity in Lane County continued a cooling trend this February, but some numbers showed gains over January. New listings (393) showed a 22.8% gain over January 2017 but ended 5.5% below the 416 new listings offered last year in February 2016.

Similarly, pending sales (369) rose 16.0% above the 318 orders accepted last month in January 2017 but were 12.1% under the 420 orders accepted last year in February 2016.

Closed sales, at 247, ended 13.0% under February 2016 (284) and 9.5% under January 2017 (273).

February saw inventory in Lane County rise just slightly to 2.2 months. Total market time during the same period rose three days to 75 days.

Average and Median Sale Prices

Comparing the average price of homes in the twelve months ending February 28th of this year ($266,000) with the average price of homes sold in the twelve months ending February 2016 ($244,400) shows an increase of 8.8%. The same comparison of the median shows an increase of 8.3% over that same period.

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THIS WEEKS HOT HOME LISTING!

1471 BARRINGTON AVE

Price: $514,900    Beds: 5    Baths: 3    Sq Ft: 3756

Luxurious & grand! Great Rm w/ surround sound, Brazilian cherry hardwd & gas fp. HUGE theater/bonus rm. Open KIT w/ cherry stained cabinets, island, LED under+above cabinet & toe-kick lights. Private mstr ste w/ access to back, bath w/ heated marble...View Home for Sale >>


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This Month in Real Estate March 2017

by Galand Haas

Good Morning!

Nationally, the housing market is experiencing little change.  So far, this is what I predicted for the first half of 2017 with a fairly flat market.  The second half of 2017 could see some change, especially if we see mortgage interest rates begin to creep up.  Here in the Eugene and Springfield area, the inventory of homes for sale remains at a crippling low level for first time home buyers.  Homes in the $175,000 to $300,000 range are scarce.  

If you are thinking about selling your home this year, don't hesitate.  Right now is the time to get it on the market.  The worst thing you could do this year is to wait for Spring and Summer.  The present market may be the best market we see in years for home sellers!

Have An Awesome Week!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-March-2017

THIS WEEKS HOT HOME LISTING!


114 Hayden Bridge Way

Price: $249,900    Beds: 3    Baths: 2    Sq Ft: 1451

Pride of ownership shows. Over 1/4 of an acre offers oversize attached garage, detached garage/shop with workbench, long wide drive with room for RV parking, large fenced backyard with covered patio, plus timed sprinkler system. Great room with fire...View Home for Sale >>



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This Month in Real Estate December 2016

by Galand Haas

Good Morning!

In many ways, it is a typical December for the Eugene and Springfield area in regards to home sales.  Most people thinking about selling a home avoid putting their home on the market this time of year and the inventory of available homes for sale is at a yearly low.  What is different this year is that coming into the Holiday Season, our inventory of homes for sale was already very low.  The result of this is that there are many well qualified home buyers who cannot find a home to purchase.  For a home seller, you cannot have a better climate for selling your home.  Low inventory, high demand typically means a fast sale at top market value.

If you are going to be selling your home in the near future, my advice is to get your home on the market soon.  Whatever you do, don't wait for Spring.  If you don't want the hassle of having your home on the market over the Holidays, then think about getting it on the market by early 2017.  The inventory of homes for sale will most likely remain at a low level through February-March and then start a gradual increase.  

If you want to capitalize on our current sellers market, contact me.  I can easily give you an indication of what your home would sell for during the current market and also give you some tips on how to get top dollar value for your home. We have a long list of well qualified home buyers in a variety of price ranges and areas waiting for additional homes to hit the market.

Have An Awesome Week!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-In-Real-Estate-December-2016

THIS WEEKS HOT HOME LISTING!

 

2445 Elysium Ave

Price: $350,000    Beds: 4    Baths: 2    Partial Baths: 1    Sq Ft: 2172

Remarkable remodel! Luxurious updates, lots of natural light, abundant storage, large corner lot. Large atrium entry with flagstone tile. Spacious family room with vaulted ceiling, beams, Coretec Plus vinyl wood floor, 2 sliders & gas fireplace. Ope...View Home for Sale >>


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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

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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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Displaying blog entries 1-10 of 112

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